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A combined trade body would represent more than 60 percent of the US P&C market.
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The merged operations of SpareBank and DNB will create Norway’s third-largest P&C insurer.
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The alliance with the insurer comes a month after the carrier closed its Lloyd's India branch.
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The InsurTech becomes another program administrator the carrier will work with.
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Earthquake capacity continues to grow and is now at an all-time high, seeing the same ugly pricing as elsewhere in the property sector, according to AmWins.
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Michael Bender will head up the P&C division
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The cat loss modeller says 20,000 residential buildings were damaged.
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Open-market property and marine are the worst-performing areas. -
The Corporation has warned syndicates to address unprofitable business or face closure.
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The carrier’s tie-up with the AIG unit helped secure its A rating from Demotech.
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Roy Fellowes as a non-executive director, while Stephanie Outerbridge joins the property underwriting team.
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The carrier adds expertise in property and energy, cargo and P&I.
