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Cal Fire says it expects the wildfire to be contained by the end of the month.
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The Lloyd’s carrier will provide paper for the insurer’s property, liability and professional indemnity lines from 1 January.
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The meeting included stockholders of record as of 10 October.
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Michael accounts for more than three-quarters of the losses.
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The largest wildfire in California history has spread to 138,000 acres.
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Analyst predicts Chubb and Travelers could also pick up $400mn if industry insured losses hit $10bn.
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The insurer is adding new executives to its management committee as its chief risk officer steps down.
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Mounting attritional losses prompt a re-think at Syndicate 1969.
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Peter Scales’ syndicate lifts its stamp capacity by almost a fifth.
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Enstar partnered with the Stone Point-managed Trident V funds to contribute the additional capital.
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Syndicate 1301 has now been granted business plan approval for 2019.
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The carrier reports a 3 percent increase in P&C rates in the nine months to September.