Accident and health
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The transaction will near-double the size of Chubb’s A&H book and increase its Asia premium from $4bn to $7bn. -
The former South Africa A&H head will return to London for his new role.
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The revelation came with the release of the institute's 2021 Resilience Index.
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The carrier will remain active in the class of business after the departure of the underwriter who launched the book in2016.
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Underwriters voiced a cautious optimism about the outlook for 2020, but warned that the class was moving from a low point.
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The MGA launched in the A&H market last year amid a buildout into specialty classes.
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The newcomer will work as a senior underwriter with a focus on business within the aviation and marine industries.
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A Lloyd’s report warns that increasing digitisation makes key infrastructure assets more vulnerable.
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Pressure is growing from Lloyd’s underwriters on A&H coverholders, which often attract high commissions.
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THB and Armfield Harrison & Thomas place the policy for a medical supply chain firm.
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The broker is committed to expanding in A&H, especially in European markets.
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The underwriter will be responsible for managing the portfolio as part of the specialty unit’s growth plans.
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