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Sills added that Bowhead doesn't expect a reversal of compressed limits being offered. -
The Insurance Insider US news team runs you through the earnings results for the day.
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P&C held up better than the S&P 500, but there are causes for longer term concern.
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The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively.
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The unit grew Q1 NWP by 23% overall, led by a 27% growth in casualty.
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The Canadian conglomerate’s total cat losses in Q1 reached $781mn, including $692.1mn from the fires.
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The reduction was due to impacts from investments and less favourable PYD.
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AJG still has $2bn of M&A capacity after the AP and Woodruff Sawyer deals.
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The standard market has not ‘meaningfully’ impacted the rate of flow in the aggregate.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The California wildfires in January accounted for $460mn of Q1 cat activity.
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Customers are demanding more in a larger move towards the E&S market.
