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The building on Manhattan’s Seventh Avenue is home to financial services firms and law firm Willkie Farr & Gallagher.
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The group will start by underwriting property, casualty, executive and professional lines.
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“Green shoots” of rate firming spur hopes of further gains. -
A New Jersey federal judge rejected insurers’ request to throw out key counts in the lawsuit.
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Insurers posted a net underwriting income of $4.2bn in the first three months of 2019, up 24% from the same period a year prior.
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A settlement over the October 2017 mass shooting could reach as high as $800mn, the casino firm said.
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The organisation results results of a survey which showed an average rate increase of 3.5 percent.
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The Q1 pricing report provides further evidence that carriers are pushing for rate and attempting to manage exposures as loss-cost trends bite.
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The verdict is the third and largest against the chemical company over claims that Roundup causes cancer.
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The life sciences team will target small and mid-market organisations.
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The third-largest P&C underwriter in the US reported 20.4 percent top-line growth and a 7.6 percent renewal rate increase in specialty lines.
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Everest Re executives were relatively optimistic about P&C (re)insurance pricing.
