E&S
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The announcement confirms earlier reports from this publication.
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Joe Morrello joined the firm in 2022 after serving as E&S property head at Beazley.
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The (re)insurer’s Q4 CoR rose 15.2 points to 81.4% on satellite failure, D&F losses.
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Enstar acquired 637,640 shares of James River in Q4 last year valued at nearly $6mn.
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Earlier in the process, sources linked Sentry Insurance with a bid for the E&S insurer.
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The new line is in addition to its existing Bermuda and US excess casualty products.
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Chief of IRS Criminal Investigation said Tysers had "eroded the process of fair and open competition".
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The bill removes a previous Farm Bill requirement mandating that carriers purchase unlimited catastrophic reinsurance. Instead, companies can purchase “adequate” catastrophic reinsurance.
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With US third-quarter reporting season being well underway, the results so far highlight further runway for the hard property E&S market.
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