January 22, 2025
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The carrier will offer $10mn per risk, targeting large corporations. -
California and Florida were up significantly, but premium growth slowed in Texas.
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Gray specializes in contract bonds for mid-sized and emerging contractors.
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MultiStrat, the founder of casualty ILS, is focusing on committed capital to grow, said Bob Forness, CEO, MultiStrat.
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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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Trailing three month premiums were up 7.2% versus 13.1% in August.
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He will drive the growth of Chubb's claims-made excess casualty facility.
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The MGU is entering the often-difficult habitational GL space with an initial E&S offering.
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The executive’s skepticism is informed by the industry’s typical approach to cyclicality.
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There will also be a renewed focus on organic growth, both in P&C and across US and international operations.
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He joins the company after 22 years in casualty leadership roles at Chubb.
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California, Florida and Texas all saw decreases in monthly premium growth.
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