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Growth and returns on equity fall, but most of the industry is still profitable. -
Former Aviva and AIA CEO Mark Wilson will lead the new initiative.
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The total cost for the program increased 1.8% from last year’s.
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The company’s upsized public offering priced at $30 per ordinary share.
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With plenty of reinsurance capacity, CEO Patel said it’s been a “boring year” for treaty negotiations.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The firm expects to replace the volume with Innovations-channel business.
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Shares were down as much as 20% after Hippo posted a $48mn loss.
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Hamilton also expects rising demand and stable supply for June 1 renewals.
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Hits to personal auto, workers’ compensation led to a drop in NWP.
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The CEO-designate will commence his tenure on 1 June.
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The conference came at a particularly tumultuous time for the US insurance industry and the economy at large.
