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DeSett will develop Hub’s commercial lines strategy and drive organic growth. -
Capacity conversations centered around comp, trucking and cat, while new names emerged in collateralized re.
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Overall, insurance rates fell by 1%, led by competition in property.
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The Floridian anticipates Hurricanes Debby and Helene to incur losses of $3.8mn in Q3 2024.
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The policies assumed represent $200mn of in-force premium.
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Alan Jay Kaufman will remain the firm’s chairman and CEO.
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He succeeds Laura Vest, who is retiring after 20 years with the company.
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Chandler stepped down as CEO in January to take the role of vice chair.
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A quick roundup of today’s need-to-know news, including Clear Blue, Rokstone, Hurricane Milton and AIG.
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The insurer will move its Atlanta-area assets to a new "innovation hub".
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It is understood that the cut programs include Yachtinsure, Rhino, Paramount, Pinpoint and NTA.
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The three-year deal is expected to generate $200mn in GWP over the period.
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