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The political violence market has seen a flurry of new entrants in recent months. -
The company incurred $563mn of total cat losses related to the storm.
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The bulls expect around $20bn-$30bn in Milton losses, with the bears anticipating $40bn-$50bn.
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Jacob has held senior roles at Axis International and Crawford & Company.
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Ben Purkiss has joined the company from Coverys as head of business development.
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A roundup of all the news you need today, including KCC’s estimate of insured losses from Hurricane Milton.
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The estimate includes private cover for residential, commercial and industrial property.
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The broker will join the marine liability team within the new Ken Syndicate 3832.
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Arch announced the retirement of CEO Marc Grandisson on Monday, with immediate effect.
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RMS will issue its final loss estimates for Milton later this week.
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The executive has been group CUO since 2021.
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The ratings agency said the upgrade reflects an improvement in GIC Re’s balance-sheet strength.
