Argenta
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Covid-19 uncertainties have prevented the two syndicates from closing out the 2018 YoA. -
The mixed ruling delivered by the High Court meant insurers escaped from worst-case loss scenarios.
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The fundamental issue of causation, as well as trends clauses and the Orient Express judgment, will be under scrutiny.
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Pre-emptions in the mid-teens and above suggest that Lloyd’s is willing to permit exposure growth for some syndicates.
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The syndicate’s managing agency says the search is on to replace active underwriter Ian Maguire.
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The hotly anticipated judgment will be a milestone in the ongoing dispute about how carriers respond to Covid lockdown-related losses.
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The late July High Court hearing will also involve Arch, Argenta and QBE.
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Former Vibe CUO Bradley Knight and casualty colleagues including five class underwriters move from the shuttered Syndicate 5678.
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Staff led by former active underwriter Bradley Knight have secured backing to trade into 2020.
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Richard Taylor joins the MGA from CMS.
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The declines come after many years in which new entrants outweighed closures.
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The incoming executive will replace Mavani, who left to join JLT Re.
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