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Capacity will be available to 11 open-market lines of business. -
The long-planned move is part of a choreographed handover to the former Direct Line executive.
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The Floridian also expects to report its “best earnings quarter” for Q4 2024.
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The carrier’s Q4 CoR decreased 34.8 pts YoY to 94.2% as it reported favorable prior-year reserve development.
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The reinsurer is ready to deploy additional capacity following the event, but only if prices are commensurate with risk.
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The claims and services provider has now launched the process it postponed last year.
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The carrier has been reducing its exposure to the area where the wildfires occurred by over 50%.
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VUW.ai rebranded from Vi Digital last March.
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The French credit insurer has Apollo lined up as its managing agent.
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Non-proportional business accounted for 34% of its total.
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The renewables market has seen perils such as hail deliver repeated claims.
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A roundup of all the news you need, including Coface’s upcoming syndicate launch.
