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The outlook brightens for Syndicate 510 for the 2016 year of account, while loss estimates across the three syndicates for 2017 remain stable.
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Hiscox's share-price slide brought into focus the bereft feeling of below-forecast top-line growth.
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The carrier reports EUR215mn in natural catastrophe claims and a marginal improvement in the combined ratio.
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The carrier pegged the loss tally from four recent North American and Asian storms at $105mn.
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The carrier reports a 3 percent increase in P&C rates in the nine months to September.
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It is understood the Florida insurer clawed back $10mn of capital that had previously been freed.
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The 502-room resort hotel on St. Thomas sustained extensive damage during the September 2017 hurricanes.
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The company said losses from Hurricane Michael will be larger
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Canaccord Genuity cuts its share price target by more than a fifth as it downgrades profit expectations for the next three years.
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The trade association’s intervention follows an uptick in major onshore losses with BI exposure.
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The losses equate to just under 5.2 percent of shareholders’ equity of $2.42bn.
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The carrier says London market rates have risen 5 percent in the year to date as it reports 14.3 percent nine-month GWP growth.