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Brit pulls out of marine liability class of business
The class exit comes after it emerged in November that Brit had withdrawn from the space market.
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Getty was appointed to the role in December of last year, having joined Talbot as cyber and technology class underwriter in 2017.
The delayed introduction of phase two changes was at the request of the LMA, to allow more time for phase one implementation.
The former Aegis London CEO joins former AIG, Marsh McLennan and Ace CEO Brian Duperreault at the start-up.
James Davidson will become CFO, and general counsel Benoit Waltregny will assume the additional role of deputy CFO.
Opinion
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Analysis
Sources said that with heightened geopolitical risks, pricing is already "much higher" than at any point in the last five years.
There are clear strategic advantages to the company’s London launch – but demand may not be as high as in the US.
The summit has been called the most significant for the industry to date, as there is a growing awareness of the value of insurance.
The voluntary carbon market reached $2bn in 2021, and is expected to grow to $10bn-$40bn by 2030, according to a report by Shell and the Boston Consulting Group published in January.
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Interviews
Interviews
Hamilton is seeing additional opportunities on the casualty reinsurance front as other players pull back, given the loss activity stemming from 2019 and prior years.
The positive results in Q3 are starting to form a “track record” of improvement as the carrier moves away from “a place of underperformance”, the executive told this publication.
After moving into the rank of fifth-largest reinsurer, following its acquisition of Validus, RenRe said it would continue to take a leading role in the regional cat space and expected to be more able to trade through market cycles.
Clearer wordings for cyber cat risk would also help foster the development of the more capital-efficient event XoL reinsurance market in cyber, Kessler said.
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