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Nationwide will delegate management of the policies to Ryan Specialty. -
Everest booked $98mn of aviation losses related to the war, which contributed 2.5 points to the consolidated CoR.
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The CEO said business remains adequately priced in most classes.
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Millions are evacuating after one of the strongest earthquakes in modern history.
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The carrier said market dynamics were shifting due to increased capacity.
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This brings the carrier’s total limit on the program to $1.8bn.
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The legacy player is working to secure its first deal, and could look to expand to US E&S.
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The facility was previously for commercial risk clients.
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The broker has recruited from its rival as it looks to launch Willis Re 2.0.
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The reduced fine reflected the PRA view that the breaches weren’t deliberate.
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The broker’s EPS beat consensus at $3.49 for the quarter.
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Wind season remains an important variable, but also might not change current dynamics significantly.
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