Insurers
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The carrier has received 12,300 claims as of 28 March. -
Sources said extending coverage to Gen AI may be difficult and unnecessary.
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The merger is set for April 2027, subject to regulatory approval.
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RBC reports can help regulators identify weakly capitalized companies.
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Several insurers and MGAs have launched into the class of business over the past year.
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Chapman exited from Scor following a 13-year tenure with the carrier.
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Personnel movement has been high in the PVT class as new capacity enters the market.
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The regulator is also aiming to digitise and simplify its authorisation process.
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The carrier posted significant growth in 2024, with GWP up 30% to $493mn.
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The announcement comes after similar launches with Inigo and Atrium.
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Insurer appetite for facilities is not just about top line, it is also a hedge against disruption.
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