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The regulator has scotched plans to publish details of ongoing investigations. -
Both carriers have extensive reinsurance coverage.
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The market improved on attritional losses in 2024 – but slowing rate growth raises queries over top-line momentum.
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While market underwriting profit slipped 10%, the underlying combined ratio was under 80%.
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The company said it now expects the transaction to close in H2 2025.
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Markel’s move follows recent market entrances by CinFin, Argenta and Fidelis.
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Plus, the latest people moves and all the top news of the week.
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CEO Alex Maloney said the LA fires might prompt some carriers to go more “risk-off”.
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Andrew Johnson, Edwina Charlton and Rupert Newman join from Paragon.
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Followers will automatically support primary or excess Inigo quotes.
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The ratings agency noted “significant” underwriting improvement in 2023-24.
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Sources warned of the erosion of underwriting margins after a string of strong years.
