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The comments came as Chubb shares rose more than 6.3 percent following the release of fourth quarter results. -
General liability, professional liability and personal lines were key growth areas for the carrier.
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The action follows the sale of the two Texas insurers to Align Financial Holdings.
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Goldman Sachs will remain a minority investor in the company under the terms of the deal.
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The program includes coverage for trailer parks, which house about 20 million Americans.
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A state regulator has determined that efforts to rehabilitate the auto insurer would be "useless".
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Paul Cosgrove will succeed Bob Zanussi, who is retiring from his roles as president and CEO of the Canadian operations.
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The carrier steps in after James River last year stopped insuring the ride-hailing app.
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The brand’s retirement slated for next year is emblematic of a broader shift in InsurTech.
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The move into the two classes follows the insurer's launch of a US financial lines division.
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The MGA, based in Fort Lauderdale, Florida, will write up to $40mn in physical damage and liability insurance for boaters.
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The Canadian pension fund makes its first foray into InsurTech with the investment in the Berlin company.
