Hiscox
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Lloyd’s CEO pay is lowest compared to major LSE-traded specialty insurers by a considerable margin. -
The carrier announced a $175mn share buyback.
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Newer swing products offer an alternative way to deal with escalating awards.
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The offering will provide D&O, professional indemnity/errors and omissions, crime and cyber cover.
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Amie Townsend will be responsible for developing Beat’s UK and Europe platform.
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The MGA can now put down $200mn lines in the niche aviation war class.
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In 2019, Shali Vasudeva left her COO role at Hiscox to join Axa UK & Ireland as COO.
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The movers include former line underwriter for major property D&F, James Robertson.
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A resurgence in IPO activity may help provide new business for underwriters and reduce competition.
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Rates are continuing to soften in D&O and cyber, according to CFO Paul Cooper.
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The carrier’s retail division saw the largest growth at 4.7%.
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Nick Orton said the market is now pricing for non-peak perils, amid some surprise losses.
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