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The moves come as the company said it will "double down" on US E&S. -
The company has settled, or is in the settlement stage, for 80% of the exposure.
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He will lead AIG’s business across Latin America and the Caribbean.
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Two wind and hail events were responsible for 60% of the total.
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Rates have fallen an average of 10%, though changes can be highly specific to each property.
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Revenue and expenses grew, in part due to the company’s acquisition of Beat Capital Partners.
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Proceeds will expand the company’s reinsurance protection in Florida and South Carolina.
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The Bermudian's first quarter cat losses totalled $333.3mn, compared to $103mn a year ago.
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The revision is significantly lower than the $4.5bn October estimate.
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Litigation funding is a frequent bogeyman for the insurance industry. The feeling isn’t mutual.
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Sources said that the program manager is being advised by Dowling Hales.
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Modeling wildfires is particularly challenging compared to primary perils like hurricanes.
