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The executive joins after 20 years with Lexington. -
The carrier is restructuring the business into three segments.
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The carrier also has a $500mn excess $2.4bn aggregate protection.
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Submission flows in WR Berkley’s E&S business overall are growing “considerably faster” than its admitted business.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The company received over 10,100 home and auto claims as of January 27.
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The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
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Valuations for platforms last year remained steady, at 14.02x Ebitda.
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A quick roundup of today’s need-to-know news, including Chubb, Mangrove and Everest.
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Finnis was formerly head of commercial lines at WTW.
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The carrier named Jason Neu, financial lines EVP for its E&S subsidiary Westchester, to succeed Stapleton.
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The bill would put new restrictions on bad faith claims, close loopholes.
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