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The highest portion of losses was experienced in Alberta. -
Expectations that reductions would cap out at low double digits are fading due to capacity oversupply.
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The Japanese P&C carrier agreed a deal to buy 15% of WR Berkley shares in March.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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China Taiping has been identified as the building owner’s insurer.
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An “extraordinary” proportion of storms reached Category 5 status this year.
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The peril has been historically difficult to model compared to others.
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After a challenging period, the industry is now earning above its cost of capital.
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The French mutual is one of the first major 1.1 accounts to firm-order.
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Existing facilities and carrier partners will be transferring from K2.
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The carrier’s overall P&C combined ratio improved by 1.4 points to 91.6%.
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The reinsurer said discipline was now “equally important as price”.
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