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The reinsurance unit of the Spanish group takes a near-EUR80mn full-year hit on the pandemic.
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The newcomer most recently led Marsh’s property team in Asia, and has also worked at Newline and Cooper Gay.
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The Australian carrier has also modestly increased its reserves for Covid-19 BI claims.
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Futureset aims to bring together specialists to promote risk awareness and resilience.
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The CEO also discussed Beazley’s approach to re-underwriting cyber risks.
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Bryte has also granted an underwriting binder for its entire corporate property book to Sapphire Risk Transfer.
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The analyst predicts the insurance sector could experience its best performance in nearly a decade. -
The ratings agency foresees no “material effect” on the capital or earnings of UK commercial property insurers following the Supreme Court ruling.
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Fenchurch Law partner suggests "aggressive" initial claims adjustments will be unwound and the reinsurance context will need specific consideration.
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William Alderton becomes head of the new worldwide unit.
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The regulator plans to publish data on the size of claims settlements and scale of reserving.
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After a management meeting, the analysts rule the carrier well placed to capitalise on the hardening market.
