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Cat losses for the quarter added 3.2 points to the carrier's combined ratio. -
Q1 adverse reserve development went down to $4.2mn from $5.4mn a year ago.
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Hamilton reported $150.5mn of net cat losses, partially offset by $9.2mn favourable prior year development.
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IGI saw opportunities in energy, ports and terminals and marine cargo but remains cautious in long-tail lines.
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Ark's combined ratio included 25 points of catastrophe losses in Q1.
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The facility provides follow capacity to US and international placements.
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The specialty carrier is braving volatile macroeconomic conditions in a second effort to list.
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Ransomware threat actors are continuing to attempt ‘smash and grab’ attacks.
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Till Wagner and Felix Rollin have been named executive board members in Germany.
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The market is also facing potential losses from injuries to NFL stars.
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The CEO expects overall P&C pricing to be “stable” through 2025.
