Hiscox
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The syndicates faced allegations that they conspired with brokers to rig the US commercial insurance market.
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Listed London carriers have reported renewal rate increases of 3-4 percent, compared to mid-to-high single digits disclosed by US players.
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CEO Bronek Masojada said the company is growing in the right areas.
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London-based D&O writers have “woken up” to the threat of creeping claims frequency and severity, sources said.
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The Hiscox USA executive has joined Munich Re Specialty where he will serve as chief operating officer.
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They say there is no such thing as bad publicity. Though perhaps this isn’t how the cyber market feels at the moment.
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The law firm and the insurer are seeking to resolve the dispute through private arbitration, according to The Times of London.
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Beazley, Hiscox and Lancashire fared better in 2018 than the prior year but profits could mask deteriorating fundamentals
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A creeping sense of optimism stems from specialty lines
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CEO Masojada calls the London market business, with a combined ratio of 89.3 percent, the "standout performer".
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(Re)insurance is so complex that installing an industry outsider in a top job is probably a bad ideaTalk that Aviva may turn to UK hotels operator Whitbread for its new CEO raises the question of whether carriers and intermediaries should reach more readily across sectoral boundaries for top talent.
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Panellists urge action on London expense ratios and digital innovation.
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