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In the aftermath of this year's devastating cat losses there has naturally been a lot of focus on what direct and indirect impact there will be on pricing in the property market.
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As insurers brace for potential claims from the Las Vegas shooting last month, it has emerged that AIG leads the MGM Resorts International excess casualty tower and also has a significant participation on the cover bought by entertainment company Live Nation.
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Global confectionery giant Mars is claiming for $50mn-$60mn on its product recall policy after it recalled thousands of chocolate products over fears of salmonella contamination
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Axis has decided to cease writing international onshore energy and US excess casualty business out of its London offices, The Insurance Insider can reveal.
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Sompo International has continued to expand its global casualty capability with a brace of hires at its London office.
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Liability insurers are facing a huge increase in potentially silent exposures as a result of the increased litigation and compensation claims expected following implementation of the EU General Data Protection Regulation (GDPR).
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Property and casualty insurance will be rolled out on electronic placing platform Placing Platform Limited (PPL) on 6 November, The Insurance Insider has learned
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Senior insurance executives and underwriters in Baden-Baden were expecting a North Atlantic-hurricane-induced rate increase to spread even into unaffected specialty lines, after years of margin compression in sectors including marine, energy and aviation.
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The fall conference season has been dominated by talk of the opportunities - real or imagined - for underwriters to push for price rises, from retro down through reinsurance to the primary business
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After years of deteriorating underwriting conditions in US casualty reinsurance, there is cautious optimism among reinsurers that predicted post-loss hardening in property lines will instigate a slow turn in third party business.
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Motor underwriters and their representatives are holding high-level talks with government officials and state agencies about vehicle-based terrorist attacks, as the prospect of unlimited industry liability threatens to force up reinsurance rates and tighten conditions at the 1 January renewals.
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Former Dual CEO Talbir Bains is set to return at 1 January with a start-up MGA known as Volante that will look to commence underwriting operations across four continents, The Insurance Insider can reveal.