Brit
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The appointment comes after senior cargo underwriter Caroline Monnickendam left Brit for Munich Re Syndicate. -
Paolo Cuomo joined last year from Brit, where he worked as director of operations, having joined the company in 2019 as head of strategy.
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Ambridge was founded 22 years ago by Jess Pryor, executive chairman, and Jeff Cowhey, CEO, who will continue to lead the company after the deal has completed.
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The follow-only syndicate is one of the fastest growing entities in the market’s history.
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Odyssey also booked an underwriting loss and a combined ratio of 107.8%.
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Subject to regulatory approval, Martin Thompson will succeed Matthew Wilson as group CEO and executive chairman of Ki, effective today.
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The hire of Ben Phillips comes amid a recent uptick in personnel movement in financial lines after a period of stability.
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Staff movement is high in the cargo space as carriers look to expand in an improved rate environment.
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The executive is working with Blood Cancer UK on a fund for a rare condition.
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The carrier’s underwriting result was up 164.9% at $104.9mn, while its combined ratio was 91.6%.
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Andrew Davies is leaving Fidelis after a short spell, having joined in June of last year.
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The scale of the claim deals a substantial blow to the subsection of the energy market, but is not as large as first feared.
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