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Not everyone will emerge unscathed as brokers navigate the slow-growth environment. -
The loss was driven by nat cats and reserve adjustments in US casualty.
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California wildfires account for $40bn of the insured loss tally in H1.
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The gross loss ratio for the homeowners InsurTech fell by 12 points last quarter.
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Commercial liability and commercial property coverage continued to dominate the E&S market.
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With roughly 200 employees, the South American operations generated over EUR130mn in 2024 GWP.
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A quick roundup of today’s need-to-know news, including Scattered Spider, James River, Greenlight Re and more.
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The company reduced its proportional quota share program from 55% to 20% cession.
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The company also purchased $15mn of SCS parametric coverage.
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The professional lines market remains ‘challenging’ overall, however.
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The specialty reinsurer also saw several bad investments hit the books.
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The carrier’s US redomicile is expected for later this year and brings a one-time $10mn-$13mn benefit.
