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Company market premium grew 10% over 2023, a report finds. -
A roundup of all the news you need today, including AGCS’s new CEO.
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Marie McCutcheon joins from TT Club Mutual Insurance, where she held the role of process consultant.
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The former Aspen executive has resigned from AIG and will fill the vacant CEO role at the large corporate unit of the German carrier.
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Maria Borrego joins from QBE, where she was Europe deputy underwriting manager and head of financial lines.
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The ratings agency said companies focused on growing business in Gulf Coast states, however, would face a “key test” as claims materialised.
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The executive worked with Artificial Labs on Chaucer’s underwriting platform.
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The investment will be used to expand its product portfolio and continue global expansion.
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The leadership reshuffle comes after previous US CEO Sam Reeder left to run fronting carrier Hadron.
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The executive said that being in Lloyd’s would help the carrier’s global distribution.
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A sub-$3bn industry insured loss event would be similar to estimates for hurricanes Beryl and Debby.
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The marine carrier’s financial result for the period was $25mn.
