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Markel reported that investigations by the DoJ and SEC have concluded with no penalties or action taken against the company. -
The CaseGlide figures show a 35% drop to 4,313 new litigated claims, the second sharpest month-on-month decline in the past five years.
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Coupled with aggregate cover the company has in place, United said Thursday that exposure to cat events for the remainder of its current reinsurance program would be $9mn.
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The new entity is backed by Gallatin Point Capital, Vantage Group and RenaissanceRe.
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She previously worked as VP underwriting for IAT insurance group, a Florida based property-casualty carrier.
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The company said claims adjusting fees from the event would offset the hit to its retention.
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Neville Weston, who will be based in Bermuda, will also become a member of Sompo’s reinsurance leadership team.
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The ILS expert spearheaded modelling of catastrophe bond issuances during his time at AIR Worldwide.
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Across London, the US and Bermuda, Ascot Re will provide P&C, PI and specialty lines cover via its new aligned division.
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It will now take just three business days for such insurers to become registered on The Island.
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The deal takes year-to-date private cat bond volumes up to $601.7mn, according to Trading Risk data.
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Weather losses continued to take a relatively high toll amid a mixed picture for prior-year reserving levels.
