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AI development is creating new risks for insurers to assess as multiple key trends suggest it will evolve into a standalone insurance product like cyber-risk. -
Strong words from Patrick Tiernan have caused a stir in the market as pricing continues to fall off fast.
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Matthew Narbett will continue in his role as active underwriter of Syndicate 2010, while Colette Murphy has been promoted from deputy head of D&F.
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The carrier is rebuilding its financial lines team following a number of staff exits from the division.
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He joins from Hoerbiger Holding, where he was head of corporate risk and insurance management.
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The Corporation used its latest market message to call out what it saw as an “underwhelming” approach from specialty insurers to changing conditions and “moronic” D&O underwriting.
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Berman will replace Ramesh Singh, who is leaving the business to head up financial lines at Aviva.
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The French reinsurer said continued price increases, particularly on cat and US casualty, remain necessary.
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She joins the D&O team in London following the exit of senior underwriter Tim Carpenter, who is joining BHSI.
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The company’s Monday statement is the latest development in a debacle that could potentially lead to a major loss event for the utility company’s casualty insurers.
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Sompo International said it saw growing demand for expertise and capacity in the region.
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The MGA platform was launched by former Barbican executives in late 2021.
