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Cat losses and a reserve charge pushed the carrier to a combined ratio of 105.3 percent for Q3.
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The results were underscored by partly by growth in Assurant’s mobile and multifamily housing units
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The Floridian’s combined ratio fell 166.2 points
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The 502-room resort hotel on St. Thomas sustained extensive damage during the September 2017 hurricanes.
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The Floridian insurance regulator said insurers had received 115,423 claims so far.
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The company said losses from Hurricane Michael will be larger
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Property direct and facultative (D&F) players are showing real patience in waiting for the market to turn.
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There are two schools of thought when it comes to distribution.
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Despite the broader withdrawal from the class, there is still too much capacity in the London market to trigger significant rate improvement. -
LaRocca will manage Swiss Re Corporate Solutions’ North Anwerican property and specialty lines portfolio.
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Reisig had been with Arch since 2002.
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Chairman and CEO Robusto lays claim to the best quarter since 2010.
