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Only 14% of board seats are filled by women, but directors at brokers tend to be younger than at managing agents. -
The James River-Long Tail Re deal is the latest example of deal-specific investor capital.
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However, some syndicates are planning more significant growth following hires or strategic shifts.
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The regulator is considering changes that could penalise some international players.
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The FCA’s aim is to reduce regulatory costs and increase the competitiveness of the commercial insurance market.
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Hail remains the primary sub-peril dominating insured loss costs.
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Lancashire was the only carrier to see double-digit growth in insurance revenue for H1.
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A canvass of sources suggests that a $3bn-$5bn loss could tip the cyber market into unprofitable territory.
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The market is warned to think about overall ecosystem interactions rather than “digitalising by stealth”.
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Everest Re bucked a more general trend to keep cat exposure stable.
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New capacity and increased competition is bringing rating levels under pressure.
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The upside for brokers of a larger Lloyd’s is not necessarily clear.
