CNA Hardy
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Borrel will report to Paul Andrews, CEO of PoloWorks and Polo Managing Agency.
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Sarah Moses has more than 15 years’ marine experience.
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The appointment comes following the appointment of Ahad Khalid as head of power.
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Mosaic has also added CNA Hardy’s Emily Humphreys to its PV team as part of the deal.
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Barr’s resignation from his previous role as head of marine at CNA Hardy was first revealed by this publication in July of this year.
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Sources said the insurer will not be taking on any new business or renewals as the PV class continues to be threatened by potential losses.
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This publication confirmed the move in September
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The marine build in London is part of the carrier’s primary insurance expansion strategy.
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Berman will replace Ramesh Singh, who is leaving the business to head up financial lines at Aviva.
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The underwriters will focus on UK marine cargo and transport and logistics business.
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Jonathan Powell was previously head of Lloyd’s P&C at CNA, before joining the broker’s non-marine treaty team.
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Staff turnover remains elevated across marine classes amid a battle to secure talent.
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The executive oversaw lines of business including management liability, financial institutions and healthcare.
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CEO Nick Tye told this publication earlier this month that the company was planning a financial lines launch.
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The carrier has made appointments in Cologne, Milan, Copenhagen and Amsterdam.
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The carrier retains its appetite for the class of business - which has undergone a substantial re-rating since 2018.
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The appointments come following the exit of underwriter Matthew Howard-Coombe to Starr.
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Clubs including Arsenal, Aston Villa and Leicester City are claiming against insurers.
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The suit is the latest in a series of Covid-19 BI legal actions hinging on aggregation brought against insurers.
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The underwriter joined CNA Hardy last year amid a flurry of people movement in the D&O market.
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In his new role, Dieter Korte will be responsible for profitability, growth and strategic direction of CNA's middle-market business.
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Michael Costonis will assume the new position of global head of marketing, strategy and innovation.
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Firm CEO Dino Robusto revealed the news on its Q2 earnings call.
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The insurer said the attack impacted certain CNA systems, including corporate email.
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The recruit was named Axa XL’s financial lines CUO for the UK and Lloyd’s in an October management shake-up.
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The claims manager has also held senior roles at Navigators and Chubb.
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The insurer has a strategy of becoming a leading management liability insurer in the UK.
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Reserves in scope have not been finalised, but sources estimated the figure to be in the low hundreds of millions of dollars.
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The carrier began providing capacity to the MGA’s construction business through a consortium in 2014.
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Canada chief Nick Creatura joins the executive leadership team.
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Chris Gamber is set to join the company as a class underwriter in the healthcare team.
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Among the biggest gainers was Fairfax Financial, which jumped by nearly 10 percent.
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Al Miralles takes up the post following the departure of James Anderson.
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Larry Haefner will retire from his post at the end of December.
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The Chicago-headquartered insurer’s share price rose to $50.81 by the close of trading Monday.
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An improved expense ratio and fewer cat losses partially offset the decline at the Dino Robusto-led carrier.
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The rate rises followed a slew of high profile class actions and derivative lawsuits against US public firms.
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Al Miralles, who served as chief risk officer since 2017, has been appointed president of CNA Warranty.
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The withdrawals are part of ongoing efforts to redeploy capital away from underperforming lines of business.
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The experienced underwriter helped launch the carriers Lloyd’s healthcare offering.
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The second quarter rate uptick compares to low single digit increases achieved in the prior year period.
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P&C rate growth accelerates to 4 percent from 1 percent.
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Jeremy Winter succeeds Steve Wachtel, who is retiring after a 40-year career in insurance.
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Jose Ramon Gonzalez will report directly to chairman and CEO Dino Robusto.
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Patel, formerly of Axis, has joined CNA to lead its financial institutions east territory book.
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Ongoing political uncertainty continues to erode business confidence.
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The underwriter had previously worked at AIG for 12 years.
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The moves follow years of market malaise in the property sector.
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UK rates are up by 100 percent in many cases.
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The carrier's group core income came in at a loss of $23mn for the fourth quarter.
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Five roles are under consultation as a result of the market withdrawals.
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Carriers hope the new technology will cut the cost of administering claims.
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The insurer follows Beazley, CNA Hardy and Talbot in halting construction underwriting.
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The carrier says the High Court approval marks the final step in its Brexit preparations.
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Watson becomes class underwriter for property treaty.
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Syndicate 382 shuts in Singapore and Shanghai.
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Property, marine and energy head Carl Day will start the new role on 1 January.
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Above-average cat losses dominate discussions during the P&C earnings season.
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The Lloyd’s and company market carrier also draws on a Chubb alumnus for its HR chief.
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The Insider 50 reached 1,132.6 index points last week as carriers post robust Q3 earnings.
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The company said losses from Hurricane Michael will be larger
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Chairman and CEO Robusto lays claim to the best quarter since 2010.
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Taylor spent 12 years at CNA Hardy and nine at Chubb.
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The carrier has withdrawn from three Lloyd’s specialisms to focus on more profitable areas.
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The $900mn multi-class capacity arrangement supports a pipeline of nine planned MGAs at Talbir Bain's venture.
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Greg Dodds, head of marine for Asia, and Michael Resnikoff, casualty manager for the region, have both left the carrier as a result of the decision.
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The CNA veteran will focus on marine and specialty offerings in North America.
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There were positive share price changes over the quarter from only 13 companies in the index.
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She was previously head of international healthcare, technology and cyber.
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Financial institutions underwriters John Dexter and Janine McGriskin have resigned, sources said.
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Mark Richards was most recently Navigators’ president of primary casualty.
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Analysis from this publication finds 16 syndicates failed to make an underwriting profit for three years, landing them on the Lloyd's watch list.
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Livingstone will partner with branch managers to create marketing strategies, CNA said.
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Williams joins CNA after 20 years at State Farm.
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The insurer has called the Chicago Loop since 1900.
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Chaucer’s Bauckham and CNA Hardy’s Powell top PV underwriters, this publication's second survey reveals.
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CEO Dino Robusto said underwriting discipline propelled the steepest rate increase in two years.
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A lower expense ratio and an improved loss ratio help lift underwriting profit to the highest in more than a decade.
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Craig Mense, who joined CNA in 2004, will leave at the end of the year, to be replaced as CFO by James Anderson, the company's senior vice president and head of financial planning and analysis and corporate development.
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New finance chief James Anderson is currently head of financial planning and corporate development.
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Lloyd’s and company market insurer CNA Hardy has been given the green light to open a new licensed office in Malaysia