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Growth driven by 14% expansion in reinsurance solutions division. -
The $55mn hit is about 3% of the carrier’s general liability net reserves.
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Insurance Insider US runs you through the earnings results for the day.
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Markel, Axis and Selective booked sizeable reserve charges in their liability segments.
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The carrier did not consider pursuing an LPT deal to address the GL and PL issues.
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The firm will still be prepared for ‘modest changes’.
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Insurance Insider US runs you through the earnings results for the day.
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The initial plan was to renew $2.7bn of the acquired book.
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High frequency and severity have been more acute in exposure with wheels.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The insurer recorded lower cat losses and higher favorable development.
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Broker earnings reflect shifting tailwinds, with margins revealing the real winners.
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