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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season. -
Rates are finally flattening, but it’s unclear if stabilization is enough for insurers’ bottom line.
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Angus Hampton, meanwhile, has been promoted to head of casualty in place of Mario Binetti.
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Sources said that the NY-based TL underwriter has retained Piper Sandler to run the process.
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The lawsuit has been filed as sales talks with Sompo yielded a deal.
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The Japanese company announced the $3.5bn deal today, three months after the Bermudian completed its IPO.
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The long-time Allianz and Hive executive will be based in New York City.
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The Japanese carrier has agreed to buy Aspen for a realization of $3.5bn.
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The other liability loss ratio continued to rise as workers’ comp and commercial auto reversed course.
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Last year marked the second consecutive year in which carriers made a positive return.
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