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New entrants have contributed to competition in the class of business. -
CEO Jim Williamson said social inflation was a “growing barrier” to a vibrant economy.
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The carrier is restructuring the business into three segments.
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A roundup of all the news you need, including QBE’s hiring of Anthony Norfolk.
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Munich Re and Berkshire Hathaway are among the major providers to large California cedants.
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Anthony Norfolk joins from Swiss Re, where he was a senior engineering underwriter.
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The carrier also has a $500mn excess $2.4bn aggregate protection.
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Insight into the current state of the insurance M&A market, powered by the Insurance Insider M&A Deal Tracker.
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The company received over 10,100 home and auto claims as of January 27.
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The (re)insurer recorded a reserve charge of nearly $1.3bn within its casualty insurance book.
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The broker also plans to hire from LSN Re and Aon Re, as part of a build-out of its team in the French capital.
