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The loss ratio in the business that HCI assumed was also better than anticipated.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The business has ~$200mn of Ebitda, pointing to a likely multi-billion enterprise value.
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Mizell will be based in IMA’s Houston office, its fastest-growing regional division.
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CEO Joseph Brown said only that GBLI has had ‘conversations’ with James River.
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The vehicle will give the legacy carrier a US platform.
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Reserving actions have added pressure to upward pricing.
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Paragon co-CEOs James Kalbassi and Tara Falk will become Ardonagh shareholders.
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The buyer intends to fund the transaction with approximately 50% equity and 50% debt.
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The carrier is also seeing growth opportunities across the West.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The promotions are within RT Specialty's environmental and construction professional practice.
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The executive has worked as a casualty treaty underwriter at QBE Re and Scor.
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Arkin Holdings and Launchbay Capital also participated as new investors.
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The CEO said companies are still taking charges on years 2013 to 2019.
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Harney has also worked at Alliant, WTW and Marsh, among other firms.
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Yesterday, the carrier reported its Q1 CoR improved 2.3 points to 111.6%, reflecting a better CAY loss ratio.
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The partnership will increase K2's capacity for US hurricane and earthquake exposure.
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The $15.5bn price tag equates to around 18x the company’s 2023 core Ebitda.
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The carrier said it has “moderate exposure” to the bridge collapse.
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Tailwinds from a profitable 2023 sent insurers into strong markets in Q1 2024.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Enstar recorded $280mn of other income in Q1 2023 related to Enhanzed Re.