Insurers
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The carrier started writing construction in Lloyd’s following the acquisition of Probitas.
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He was appointed CUO of casualty, Americas, in July last year.
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The tech firm is building a joint stock company with insurers and investors.
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The new division will be led by Terry Fitzgerald, who has previously led the finpro portfolio.
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Models anticipate a busier second half, particularly in the next few weeks.
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The platform aims to “bend the loss curve”.
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A roundup of the breaking news, C-suite interviews and exclusive insights.
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Bazan Group’s refinery near Haifa was badly damaged by Iranian bombardment in June.
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Lloyd’s has pursued a Big Game Hunting strategy to lure major insurers into the market.
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The syndicate will be targeting approximately $50mn of GWP in its first year.
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The insurer’s plans for the syndicate were revealed by this publication earlier this year.
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One of the options being explored is setting up a dedicated company for the wholesale vertical.