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The executives will join the company in the coming weeks. -
“They've been focused on this for more than 10 years,” said Bermuda’s CIT Agency CEO Mervyn Skeet.
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There are signs that Florida’s insurance industry is coming under increasing legislative scrutiny.
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The funding round valued the company at around $850mn.
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Excess/umbrella liability and commercial auto broke the trend with high price increases, however.
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Executives see earnings benefits from workers’ comp beginning to diminish.
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Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
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Debbie Chalkley has been appointed CFO of Fairfax India.
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The commissioner said in a legal bulletin that smoke claims can’t be “summarily denied”.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The insurance market remains generally immune to tariff uncertainty, but not all is well.
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The company said it now expects the transaction to close in H2 2025.
