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The carrier was originally in the market for extra capacity at January 1 before pulling plans.
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Most forecasters now predict above-average storm activity for the Atlantic as a result of record-high sea-surface temperatures.
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Tens of thousands of people have been evacuated from the island, and nearly 14,000 Maui residents remain without power.
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The hammering of hailstorm losses that US homeowners’ carriers reported for H1 will drive positive change in property markets.
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The CEO also addressed the carrier’s MGA strategy and the impact of the abandoned take-private attempt.
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The carrier said a greater number than usual of North Atlantic storms are possible despite El Niño conditions.
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The CEO said Chubb has ‘never seen better pricing’ on primary property.
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The reinsurer said it was monitoring conditions in the property E&S markets, where it has been reducing capacity to grow in property treaty, as rate gains could provide fertile ground for future growth.
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The first quarter of 2023 has already gone down as the costliest on record for the peril in the US.
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Insurance Insider has gathered data on geographical areas prone to cat events, which are outside of southeastern US states, that keep weather experts awake at night.
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With SRCC losses on the rise in recent years, the French riots have thrown a light once more on the dislocation within the political violence market.
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The utility previously bought a $1bn policy from the (re)insurance market.