Brit
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The syndicates faced allegations that they conspired with brokers to rig the US commercial insurance market.
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Market sources said Bob Clarkson was sent home earlier today.
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The combined ratio improved to 104.1 percent.
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The former Standard Syndicate 1884 managing director moves into the new position.
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Names-backed Syndicate 2988 has raised its planned gross written premium by 12 percent year on year for the 2019 year of account to $158.7mn.
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Natural catastrophes added 12 percentage points to the insurer’s combined ratio.
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Fairfax sinks to fourth quarter loss on mark-to-market investment losses. -
UK rates are up by 100 percent in many cases.
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Panellists urge action on London expense ratios and digital innovation.
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The carrier has reorganised its business into six underwriting pillars.
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Job losses and the merging of aviation teams helped maintain upwards pressure on rates.
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The accident and health MGU will retain its independence after the investment.
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