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The new CEO said recent purchases were designed to protect earnings volatility. -
Soft conditions have led to “less acute" underwriting discipline, sources said.
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The carrier’s share price dropped 3.6% on its Q1 results.
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The carrier booked EUR800mn in LA losses in the P&C segment.
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More players are looking to the class in a bid for top-line growth.
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Tropical Cyclone Alfred and Queensland flooding brought thousands of claims.
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Ark's combined ratio included 25 points of catastrophe losses in Q1.
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Ransomware threat actors are continuing to attempt ‘smash and grab’ attacks.
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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.
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The insurer has not decided whether to sell its Eaton subrogation rights.
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Beazley, Hiscox and Lancashire all grew in Q1 despite widespread rate decreases.
