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Lloyd's chief of markets Patrick Tiernan set out some of the reasons why Lloyd's controversial approach to cyber war segregations could have had a "softer landing".
With the move, the Corporation effectively doubles down on its original stance on cyber war exclusions.
The chief of markets highlighted D&O, political violence and delegated authority as some of several areas of additional focus.
Any capital event is likely to take place following the hurricane season, Reuters reported.
RenaissanceRe has said it hopes to retain as much as 90% of the Validus Re portfolio, but where are the highest areas of overlap by cedant?
In this second of a two-part analysis on the proliferation of ChatGPT and similar generative AI tools, Insurance Insider explores the risks inherent in using them.
Amid a wide spectrum of views on the proliferation of ChatGPT in insurance, this first of a two-part analysis explores the use cases of automation, data extraction, fraud detection and more.
London D&F underwriters are seeing rate rises of 15% on average on clean business, while loss-affected accounts are seeing their rates double.
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Joe Gordon also reiterated plans to switch off PPL’s older Ebix Europe platform later this year, claiming some participants see friction with brokers “when it’s not there”.
The US retailer’s acquisition of the UK MGA and broking group will be mutually beneficial, according to executives.
The broker’s UK CEO said the current rating environment is ‘eminently supportable’ for London carriers.
The fac-focused reinsurance unit expects to expand into treaty over the next year and attract additional talent to boost its operations.
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