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Rates continue to drop as capacity is ample, the broker said. -
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Clients are increasingly using captives because of uncertainty around long-term capacity commitments.
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The cyber business will continue to operate as a standalone entity.
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Carriers expect a rise in the severity and frequency of claims over the next two years.
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The carrier has entered several new classes recently, including specie and reinsurance.
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The MGA has been through a remedial exercise under Acrisure’s ownership.
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The unit will include both ocean and inland marine coverage.
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The claim hits the downstream market following a loss-hit start to the year.
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It is the second deliverable of the FIT Transition Plan Project.
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The new chair said the market must adapt for 2030 and beyond.
