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The loss was driven by nat cats and reserve adjustments in US casualty. -
Emerging lawsuits and expanding loss triggers are giving rise to potential claims under a range of policies.
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Prior-year reserve development moved to a $6.3mn charge in Q2 from a $19.3mn release a year ago.
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With roughly 200 employees, the South American operations generated over EUR130mn in 2024 GWP.
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The executive has spent more than three decades in insurance.
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The company has also expanded its relationships with US and UK MGAs.
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The new team will be headed by Brown & Brown’s Ed Byrns.
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The underwriter was head of financial institutions at LSM for six years.
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Matthew Doherty joined the reinsurer in 2018 as SVP, property portfolio manager.
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Cat portfolios generally grew, but casualty approaches varied.
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The reinsurance CoR decreased 2.3 points to 79.5% while the primary CoR rose 4.7 points to 98.7%.
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The executive joined Navigators in 2010 after eight years at White Mountains Capital.
