Financial institutions
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The team of brokers worked for the recently acquired Protean Risk.
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Head of FI Samantha Shean is leaving Axis to join Aviva.
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The carrier has been growing its financial institutions team and recently appointed Mark Warrilow from Price Forbes.
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The broker grew by 35% in 2023 and is looking to reach gross written premiums of $1.4bn by 2026.
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The casualty-focused MGA was launched in March by Argenta deputy active underwriter and head of casualty Bradley Knight.
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There is an increasing focus in the casualty reinsurance space on social inflation and litigation funding trends.
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Lockton is hiring in financial institutions following the departure of several staff to join Bishopsgate.
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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 MGA platform was launched by former Barbican executives in late 2021.
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Double-digit rate decreases are common in the class of business despite macroeconomic headwinds.
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The consultancy has outlined the financial guarantees needed from governments and availability of data from Ukraine that will enable insurers to provide risk capacity for the country's recovery.
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The ratings agency cited an increased risk of asset-quality deterioration.
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