Global insurers
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The business was founded in 2013 by Hong Kong tycoon Richard Li and has expanded across Asia.
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The carrier has also promoted internally for a new leader of its US political risk, credit and bond team as it continues to staff up the division.
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The revelation came with the release of the institute's 2021 Resilience Index.
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The newly acquired carrier has confirmed a payout of £80mn for UK Covid-19 claims so far.
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The exit from the class follows a similar decision by Beazley earlier this year.
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HDI is looking to streamline its Talanx operations in Germany and bring together 7,650 staff under one new company.
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Staff movement has been high in the sector, as new capacity returns to the market after years of correction.
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Outside the US, two Indian cyclones are expected to have caused more than $4.5bn of economic losses.
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The new Sompo Light Vortex will work with data analytics company Palantir.
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The carrier will mobilise 3,000 general agents plus distribution partners to make offers on an “unprecedented scale”.
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Expert panel explores capital constraints, ransomware attacks and hardening market at Insurance Insider’s Cyber Summit 2021.
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Personnel displacement is high in the cargo market amid improving conditions in the sector.
