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The move comes as rates continue to decrease in the D&O class. -
A total of 30 carriers entered the US public company D&O space in 2023.
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The value of the bridge is estimated at $1.2bn.
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The team of brokers worked for the recently acquired Protean Risk.
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Joy had previously set up the casualty practice at Global Indemnity.
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There is frustration in the market that remediation work has been squandered.
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WTW said the rise of the risk from health and safety was “surprising”.
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Based in New York, the executive will report to global head of casualty Josh Everdell.
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The (re)insurer’s Q4 CoR rose 15.2 points to 81.4% on satellite failure, D&F losses.
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The findings have implications for businesses and D&O.
