Chubb
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Andy Houston will be based in London, reporting to Mark Roberts, division president UKISA. -
The carrier has been reducing its exposure to the area where the wildfires occurred by over 50%.
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New entrants have contributed to competition in the class of business.
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The company’s stock price has plummeted in the wake of the LA wildfires.
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The cargo market has recently seen a string of moves as new carriers launch into the market.
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The carrier can write marine on company and Lloyd’s platforms after the Probitas deal.
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The storm caused major damage to one of the drinks company’s warehouses in Tennessee.
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The CEO said the property market was in a “super-good place”, and increased competition was inevitable.
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London market carriers may be getting competitive, but that is not in itself a bad thing.
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The commercial carrier also reported a Hurricane Milton pre-tax net loss forecast of $250mn-$300mn.
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The CEO noted, however, that the UK retail market remains a big business growing well.
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