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Arch is assuming an industry loss related to Helene in the $12bn-$14bn range.
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Andrade flagged expected 5% to 10% increases in the US and Europe.
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The company’s reshaping of the book will be substantially completed by year end.
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The wholesaler also paid $11.7mn in cash to Alera for the acquisition of Greenhill Underwriting.
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The global market is stabilising and softening, and casualty and specialty lines are generally stable, the CEO said.
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The figures imply first-layer reinsurance recoveries for Helene.
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The reinsurer is planning to drop its cession rate from 40% to 30%-35%.
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The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets.
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A roundup of all the news you need today, including WTW’s third-quarter results.
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The broker posted a net loss of $1.67bn including pre-tax non-cash losses.
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The ratings agency said higher attachment points would make 2024 hurricane claims “manageable”.