Beazley
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he consortium and follow-only SIAB a targeted for a 1 January 2022 launch. -
A smattering of data points and commentary from Q1 analyst calls shows that turnaround efforts are bearing some fruit.
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The Week in 90 Seconds: A guide to Gallagher-Willis; Florida renewal look-ahead; Two offshore lossesPlus the insurers on-risk for the Colonial Pipeline cyber attack and all the week’s top news.
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All seven market segments achieve rate expansion, though property momentum eases from a year earlier.
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Sources say the pipeline operator has at least $15mn in cyber insurance cover.
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The hires are the latest in an Aquiline Capital and Abry Partners-backed diversification effort.
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Beazley is one of the leading players in property D&F business in London, writing a global book with a US focus.
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The $350mn follow-capacity solution will cover cargo, specie, terror, financial products, healthcare and marine.
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Underwriters and brokers are competing for talent amid hard market conditions in the class of business.
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Binding insurers include Chubb and AIG, with reinsurance from Munich Re.
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He will receive a basic salary of £507,500, with a bonus capped at 400% of salary and 12.5% pension contributions.
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Adrian Cox is respected for his underwriting talent, but his biggest challenge will be making the CEO role his own.
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