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The company sees and opportunity to grow market share in the state. -
The carrier said pricing on property quota share, particularly in the US, was not keeping pace with inflation.
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The industry is sharpening its exposure forecasting capabilities in response to investor demand.
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The former executive is looking for $40mn to $80mn of new capital, sources suggested.
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While still too early to assess the damage fully, Aon believes the impact on property, infrastructure and agriculture will be significant.
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The carrier had improved its combined ratio by 6 points to 99.4%.
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It is unclear if policies transferred by UPC to other entities through quota shares and renewal rights deals are covered by federal mortgage institutions.
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Yesterday, Virginia Christy, director of property and casualty financial oversight at Floir, filed an affidavit elaborating the reasons behind the suggestion.
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Demotech wrote to more than 15 carriers to warn of a possible downgrade last month.
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HSCM has had a majority stake in the company since 2020.
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Demotech earlier warned that more than 15 possible carrier downgrades could come in July.
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Louisiana policyholders have filed 460,709 claims of all types, of which 65% were closed with payment.
