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Crashes and collisions accounted for 63% of aviation insurance claims between 2019 and 2024. -
This is Carrick’s second transaction this year and Insurance Insider understands it expects to complete others before year end.
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The firm escapes public market distractions and long-term undervaluation, but the low mark will hurt peer companies.
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Current head of marine hull Helen Costin is set to retire from the business.
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The broker said achieving profitability “remains challenging” for insurers.
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The ratings agency said Sixth Street provides flexibility through long-dated capital.
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The rise is equal to 5%-10% of catastrophe capacity purchased, including cat bonds, depending on region.
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Q2 was the ninth consecutive quarter of year-over-year price decreases.
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The carrier is expanding its MGA partnerships and has invested in its marine team.
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The broker said rising reinsurance costs after the Baltimore Bridge collapse could put a brake on softening in 2025.
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She will work on preparations for the take-private deal with Sixth Street before departing.
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The deal values the business just under its closing price on Friday, at 0.97x book value.
