North America
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The primary and reinsurance unit CoRs were 103.1% and 98.7%, respectively. -
AIG, HDI Global and others have settled. Chubb’s fight continues.
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The Canadian conglomerate’s total cat losses in Q1 reached $781mn, including $692.1mn from the fires.
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The facility provides up to $100mn in claims-made excess casualty coverage.
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The state insurer of last resort is set to purchase $2.89bn of reinsurance this year.
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AJG still has $2bn of M&A capacity after the AP and Woodruff Sawyer deals.
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The remediation process is on track for completion in the fourth quarter.
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The reinsurer said the market was unprofitable and pricing needed to increase immediately.
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Its 2025 programme exhausts at $9.5bn excess $1bn.
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The days of 30%+ growth are probably behind the firm, he said.
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The executive will oversee Howden Re’s treaty and fac business in Miami.
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The pair add to the roster of aviation-focussed hires at WTW.
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Daily Digest: Top news from 2 May
02 May 2025