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Lloyd’s third-party administrator ARM has a focus on trucking and cargo claims.
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The executive was also head of international business development.
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The trade association also calls for new “real world” testing measures and the fitting of sprinklers to all tower blocks.
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Even with the most in-depth data, those attempting to estimate the insured or economic loss from a major hurricane are always bound to be off by some degree, especially when it comes to complex events such as hurricanes hitting densely populated areas.
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The catastrophe data firm delivers its third estimate of claims from the January storm.
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The executive stepped down from AGCS earlier this month.
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Aon Benfield estimates economic damage from Typhoon Maria to date at about $430mn.
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The carrier will no longer write the long-tail construction risks that are the mainstay of the Lloyd’s market.
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The warranty provider's acceptance of liability may have ramifications for other properties being re-clad after the Grenfell Tower fire last year.
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The XL Catlin brand will live on in Lloyd’s .
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The insurer increases coverage by 41 percent to $445mn with ‘mid-single digit’ rate cuts.
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The pact entails the issue of $30mn in convertible NatGen preference shares.