Insurers
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The initial offering will include 6,875,000 shares of common stock. -
Renewal rates were favorable compared to what could have happened after several hurricanes.
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The carrier increased its cession by around 13% year over year.
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The carrier surpassed the retention on its annual aggregate reinsurance cover for the year to March 31.
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The Floridian company applied to be traded on the NYSE.
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Suzanne Wells is also joining the company from Arch as COO.
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The announcement spurred a quick spike in stock market valuations.
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Markets have taken a battering across the globe following the “Liberation Day” announcement.
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Colorado State University is predicting 17 named storms, nine hurricanes and four major hurricanes.
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Insurance share prices were more resilient than the US stock market.
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The reinsurance broker said total reinsurance market capacity was up 5.3% year over year.
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Since leaving Hiscox Krefta has founded a consultancy.
