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The specialty insurer pulls in executives from Axa Corporate Solutions and Zurich.
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CEO Paresh Patel said the carrier is already buying cover for a greater than one-in-100 return period.
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HCI reported a loss in the fourth quarter stemming from Hurricane Michael claims and unrealized investment losses.
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When I am interviewing prospective new reporters, I always make sure I counter any lingering impression they may have that a career in insurance journalism is going to be in any way boring.
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Discussions ahead of the midyear renewals are now beginning in earnest.
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RMS says 9,000 households remained without power as of Monday following the deadliest day for tornadoes in the US for almost nine years.
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The Florida-based insurer strengthened its reserves by $97.3mn in the quarter, leading to a $11.2mn pre-tax loss.
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A meaningful rise in property catastrophe rates would leave some Floridian insurers struggling to keep their current ratings.
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Adverse development and a withdrawal of capacity are expected to lead to increased pricing for loss-affected Latin American accounts.
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Transaction numbers declined marginally year on year.
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Loss estimates for the typhoon have trebled since initial estimates.
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California has a wildfire problem. That much is abundantly clear after two consecutive years of record wildfire losses in 2017 and 2018.