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The program is set to begin binding this month. -
The company bolstered casualty reserves by $18mn, mostly from discontinued lines.
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Submissions flow at E&S arm Lexington increased 28% year-over-year in Q2.
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Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
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The carrier reported an increase of 82% in pre-tax income.
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The industry veteran also served as president and CEO of Starr Global Accident & Health.
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The tech could quickly open the door to disruptors, and firms with poor data management will lose out.
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The forecast has increased since the early July update due to several additional factors.
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The move will impact around $50mn of gross written premiums in total.
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More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
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Its partnership channel grew three times in new writings year-over-year.
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Rates continue to fall across the state but are firmer in the southeast region.
