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The carrier’s results deteriorated this quarter after reserve strengthening in liability lines.
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Limit control, emerging risks and cat losses have all contributed to rapidly changing conditions.
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A report finds that the overall US P&C market has moved out of the red and into break-even underwriting profitability.
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Asbestos payments in 2018 declined by 14 percent to $2.1bn, according to the ratings agency.
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David LeBlanc takes over for Douglas Nelson who has vacated the role to become chairman.
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The end is in sight. After six weeks of back-to-back-to-back-to-back conferences, there is a light at the end of the tunnel.
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The InsurTech, formerly named Verifly, sells short-term liability insurance for freelancers and small businesses.
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The class action comes amid concerns over an uptick in environmental-related D&O claims.
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The Bermudian’s estimated loss range follows a similar disclosure by Arch earlier this week.
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Sources said the new clauses would limit future opioid-related claims.
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The broker said outsized claims experience for the 2019/20 period had left some mutuals struggling.
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The supplier to carriers including Liberty Mutual and John Hancock has raised $110mn in total.