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The carrier will provide Floridian homeowners insurance online, by phone or via email.
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Aggregate underwriting income in the first half of 2019 fell to some $32.7bn among carriers tracked by the agency.
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One of the long-term, fundamental questions in reinsurance has been the degree to which pricing in one region can affect another.
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Greenlight Re Innovations and three other investors participated in the round
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The investment changes will support the company’s continued push into the property catastrophe space.
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Now that so many ILS platforms are owned by reinsurers, you might think that the debate over whether third-party investors are better served by reinsurer-affiliated ventures or independent platforms has been decisively settled.
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FedNat’s combined ratio was 101.5 percent, up 2.5 percentage points from the prior-year period.
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The three Sunshine State carriers that reported earnings last week suffered operating losses in the quarter.
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Six insurers garner the agency’s second-highest rating, though none make it into the top category.
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The carrier will continue to write more long-tail business to manage down its cat exposure.
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The carrier was hit by increased losses and deteriorating reserves.
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The renewal reflects significant repricing for the quota share following several cat losses in the period.