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The president and CEO will also be eligible for up to $50mn in shares. -
Tom Wakefield says there is scope for opportunistic reinsurance purchases in 2026.
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The market was unphased by January’s record wildfire loss in Los Angeles.
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Non-loss impacted major property program rates were down by up to 20% at the renewal period.
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The ratings agency maintained a neutral sector outlook.
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The pricing battle has been played out but the extent of new demand will only show up in 2026.
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The former EVP and head of annuity solutions will replace Schaefer upon retirement.
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Defendants can service clients who signed BOR letters as of December 29.
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A quick roundup of today’s need-to-know news, including Guy Carpenter on 1.1 renewals.
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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
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Jim Hays outlined $90mn in stock losses as Howden called Brown & Brown’s narrative “false and inflammatory”.
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Verisk entered the agreement to purchase the SaaS platform in July this year.
