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The founder said that taking a perpetual ownership approach rather than having an eye on exits would create better underwriting returns.
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Departures over the last 18 months include the CEO, CFO, COO and chief actuary. -
The managing agency will also house SPA 6131.
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Lloyd’s chief of markets Patrick Tiernan ruled out completely cutting out sources of energy relied on by certain communities.
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This publication revealed in April that Evercore had been retained to run a process for the cyber-focused MGA.
Opinion
16 September 2021
How well has Howden future-proofed itself against key issues around the group’s culture, shape, ownership and succession plan?
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Analysis
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Claims from recalls due to lithium-ion batteries, which are heavily linked to the sustainable auto industry, are causing a capacity squeeze and affecting rates on certain policy lines.
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Reinsurance market tightening and loss ratio deterioration are two factors fueling momentum in cyber rates.
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Insurers said it’s too early to talk loss quantum, but believe they are well poised to deal with any future losses.
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Despite a somewhat mixed outlook, UK listed carriers London players say they are still leaning into growth.
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