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The appointment is part of BMS’s wider expansion in the reinsurance space.
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Allianz, Chubb and WRB are among the carriers that oppose the centralisation of BI claims.
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A bill circulating in Congress would make the industry retain the first $250mn of pandemic risk, a proposal that has split industry opinion.
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The broker notes a swift transition after years of soft conditions.
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CEO Buberl says the carrier has struck deals with 200 customers but will appeal a ruling about a Parisian restaurant payout.
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In court documents, the defence company says Aon failed to provide sufficient claims notification advice. -
The move is the latest among large private equity houses to consolidate programmes and leverage buying power.
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The litigants warn the regulator’s case could delay a final decision by months.
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The regulator sets out the process agreed with eight insurers.
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The late July High Court hearing will also involve Arch, Argenta and QBE.
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Early offers of recompense spark customer demands for phone records.
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Director general Huw Evans said some £900mn would go to businesses and £275mn to travel insurance.
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