Hiscox
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The appointment of Pushpa Sriwignarajah comes amid change within the Hiscox cyber team. -
Craig Dunn’s exit follows a flurry of movement in the cyber market.
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His departure comes after several years of extensive remedial work on the Hiscox London Market property portfolio to strip out volatility.
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The revised estimates come after Hiscox reported its results for the first quarter last week.
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The appointment of Granger follows other recent cyber market moves, including the entry of Starr to the market.
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Swiss Re goes against the tide in expanding in cat, while specialty rates appear to be holding up better than expected.
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Shares in the carrier were down 3% as it disclosed $40mn of estimated losses from the Ukraine war.
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The carrier also announced a $116mn LPT for a casualty reinsurance run-off book its Re & ILS business.
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The new lead underwriter has almost 30 years’ experience including stints at Chubb, Faraday and Howden.
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Plus the latest executive moves and all the top stories from this week.
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CEO Kate Markham and CUO Paul Lawrence discuss the biggest changes to the business, including a near 40% reduction in binders exposure and a push to lead more business.
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