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Q1 adverse reserve development went down to $4.2mn from $5.4mn a year ago. -
The California wildfires accounted for $142.8mn of total $150.5mn cat activity in the quarter.
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IGI saw opportunities in energy, ports and terminals and marine cargo but remains cautious in long-tail lines.
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Ark's combined ratio included 25 points of catastrophe losses in Q1.
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The specialty carrier is braving volatile macroeconomic conditions in a second effort to list.
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Cat losses included $17.5mn from the CA wildfires and other events.
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The executive was previously a top US casualty broker.
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Space pricing experienced double-digit increases after the 2023 capacity retreat.
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Jonathan Mesagaes will report to John Hyland, head of underwriting and marine.
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The appointment follows the recent exits of CUO Chatterjee and SVP Dharma-Wardana.
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Meanwhile, gross written premiums grew 8.6% year on year to $985mn.
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We assess the Bermudian’s standing amid waning investor sentiment and economic uncertainty.
