Beazley
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The incoming chief will take the helm of the recently created unit in July.
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Shares in peers Lancashire and Beazley also registered losses during trading.
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First-quartile syndicates grow while wider market remains constrained. -
At least one insurer, Chubb, has paused quoting casualty cover for new healthcare clients.
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Kate Markham takes over from Aon’s Richard Dudley, who was recently appointed Liiba chair.
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Global healthcare claims leader Steven Chang becomes global head of complex claims.
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AIG marked a third straight day of stock price losses, ending at $18.78 per share.
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The Beazley CEO says bad behaviour in the London market still needs to be “called out and stamped out”.
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The Beazley CEO says Lloyd’s could implement reforms in short order to make risk syndication more efficient.
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No early indication that reinsurance pricing is catching up with insurance rate acceleration.
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Property, aviation and marine cargo were among the fastest risers.
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The carrier said rates were not responding adequately to claims and loss creep.
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