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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Plaintiffs claim climate-induced cat losses have spurred increases in premiums.
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The executive will report to Katalyx president and CEO Praveen Reddy.
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The subsegment is the latest commercial auto sector to feel the heat of litigation losses.
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A string of high-profile bankruptcies has put more scrutiny on the once marginal sector.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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Many carriers are still pricing above technical rate, but could reassess their strategies after Q1.
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The executives are based in Seattle and New York.
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The executive was previously the cyber practice lead for Ryan Financial.
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It is understood that Liberty will halt support for property lines in the LatAm region effective 2026.
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The carrier said it anticipates a better market due to recent reforms.
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The payment will cover what the filing called “foregone incentives at his former employer”.
