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Hamilton is seeing additional opportunities on the casualty reinsurance front as other players pull back, given the loss activity stemming from 2019 and prior years.
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The new SVP will leverage his construction and real estate industry background to work with CAC Specialty’s clients and prospects.
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Based in Philadelphia, ProVerity provides specialty products to underserved areas of professional liability business.
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The commercial lines market is generally rational and disciplined, the CEO told analysts at the Goldman Sachs 2023 US Financial Services Conference.
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The executive said that property cat market terms and conditions continue to be favorable, while demand is anticipated to increase in January 1 and throughout 2024.
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Chris Bruno was most recently a vice president in Lockton’s Midwest cyber broking practice.
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The executive joined the firm in 2019 as senior vice president of program management and has since led the program and fronting business within the specialty admitted insurance segment.
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Reagan’s quarterly report noted that private brokers booked 10.2% Q3 organic growth in Q3, the fourth quarter in a row of double-digit growth, and the fifth out of the last six.
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Its combined ratio for the quarter improved nearly 30 points, particularly driven by better performance in its Bermuda segment.
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Christopher Laws is eligible to receive severance benefits under the severance plan for executive vice presidents.
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The executive expects the carrier to write “a bit more” property cat business in the coming renewals as it manages the exposure of its entire book.
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