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Ress will lead Axa XL’s underwriting strategy for general liability, motor and environmental insurance in Europe and the APAC region.
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Staff displacement has been high in the D&O market after a period of dramatic rating adjustment in 2020.
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The rebrand follows a last-minute acquisition of the firm by Aquiline-owned Lloyd’s syndicate ERS, in December of last year. -
The fairly late notification and the size of the claim have prompted some to question whether further substantial Uri claims could be in the pipeline.
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The specialty insurer’s new division will underwrite global liability risks from its London office.
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Plus the lowdown on CFC’s syndicate capacity and all the top news from the week.
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Australian insurers are now pursuing a second test case for further clarity on BI policy wording.
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The mid-year renewals are seeing a continued slowdown in rate rises for the property D&F market.
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New entrants have eased the capacity constraints that played a large part in last year’s huge rating changes.
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The newly acquired carrier has confirmed a payout of £80mn for UK Covid-19 claims so far.
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HDI is looking to streamline its Talanx operations in Germany and bring together 7,650 staff under one new company.
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Outside the US, two Indian cyclones are expected to have caused more than $4.5bn of economic losses.
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