North America
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Last week, TSR updated its forecast and is now predicting above-average storm activity. -
The total cost excluding a 15% quota share was $201.85mn, with rates down 12.2% from last year.
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Most of the losses are attributable to a supercell storm in Texas.
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A 20% increase in FHCF retention levels sent cedants to the private market.
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This will allow Ark to write business on surplus line paper and Lloyd’s business.
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Starr and Axon also are among those exposed to the Marsh USA-placed $40mn line.
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The Peak Re subsidiary mainly writes US motor and casualty reinsurance.
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Burford’s CEO said Chubb is inappropriately using its corporate power.
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Kestrel stock will begin trading on Nasdaq tomorrow under the symbol KG.
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Philip Enan joins following 11 years at Chubb.
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It previously predicted activity slightly below the 1995-2024 average.
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SCS can no longer be considered a "secondary" peril for the US insurance market, Steve Bowen said.
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