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The revision is significantly lower than the $4.5bn October estimate. -
The new CEO said recent purchases were designed to protect earnings volatility.
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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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In Partnership With MarkelAs AI and data analytics reshape the insurance industry, Brendan Hanley, managing director of binding P&C at Markel, explains how these tools can offer real efficiency gains.
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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.
