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Double-digit rate rises are still expected in the class, but not at the same scale as seen in 2020.
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Hiscox, a lead market for D&O in London, takes its peer’s head of London market financial lines.
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Tegron Capital will launch in July and focus on excess-of-loss cover for publicly traded companies.
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Beazley is one of the leading players in property D&F business in London, writing a global book with a US focus.
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The broker warns directors could face legal bills running into the millions of pounds.
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Underwriters and brokers are competing for talent amid hard market conditions in the class of business.
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The appointment follows the hire of MS Amlin reinsurance underwriter Dominic Peters as CUO.
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Rates are up an average of around 10%, half the magnitude of a year ago.
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Covid-19 has led to rate hardening and tightening terms in a market already challenged by social inflation.
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The Week in 90 Seconds: Biometric data and cyber; Greensill collapse; Guy Carpenter’s Priebe on pandemic risk; Texas storm; Marsh McLennan’s Glaser
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The claim from the TASB Risk Management Fund is one of the first pieces of loss information to come to light following the Texas deep freeze.
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Founders Philippe Gouraud and Yoel Brightman bring on board their former colleague.