CNA Hardy
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P&C rate growth accelerates to 4 percent from 1 percent. -
Jeremy Winter succeeds Steve Wachtel, who is retiring after a 40-year career in insurance.
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Jose Ramon Gonzalez will report directly to chairman and CEO Dino Robusto.
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Patel, formerly of Axis, has joined CNA to lead its financial institutions east territory book.
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Ongoing political uncertainty continues to erode business confidence.
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The underwriter had previously worked at AIG for 12 years.
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The moves follow years of market malaise in the property sector.
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UK rates are up by 100 percent in many cases.
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The carrier's group core income came in at a loss of $23mn for the fourth quarter.
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Five roles are under consultation as a result of the market withdrawals.
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Carriers hope the new technology will cut the cost of administering claims.
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The insurer follows Beazley, CNA Hardy and Talbot in halting construction underwriting.
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