Fine art and specie
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New entrants to the line of business have heightened competition for talent. -
The underwriter is to run a new fine art and specie operation.
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The carrier has moved to hire in the fine art and specie line after the exit of Mark Benbow.
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The company did not take questions on its recently announced business review.
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Loss assessment is at an early stage, but senior sources suggested the claim could surpass $1bn.
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The appointment comes after the departure of Mark Benbow, who is joining Westfield.
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High-net-worth binders and treaty exposures will bring significant claims to Lloyd’s writers.
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The former head of innovation at Lloyd’s Trevor Maynard has joined InsurTech Sotera as the company prepares to raise a seed investment round.
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The carrier added the class to its product offering in 2020 amid an expansion in specialty lines.
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Katie Small, Nick Gavin Powell and Michelle Suckling are set to join the business in the second quarter of this year.
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The underwriter joined Fidelis in August to lead its entry into the fine art and specie class.
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