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The CEO said Chubb has ‘never seen better pricing’ on primary property. -
Double-digit rate decreases are common in the class of business despite macroeconomic headwinds.
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The company’s targeted Vescor cat bond would have provided collateral to meet auto and other obligations, but there were multiple structural points of risk for investors.
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The business will offer products including commercial financial lines, financial institutions and investment management insurance.
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The underwriter has previously worked at AIG, Chubb and Markel.
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Cyber GWP could exceed $50bn by 2030, the broker predicts.
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The executive will work as director of underwriting for the specialty casualty division.
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If you only read a handful of articles this week, make it the selection below.
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Despite reinsurers’ concerns over social inflation and loss trends, capacity remains abundant in both quota share and XoL deals, sources say.
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The executive oversaw lines of business including management liability, financial institutions and healthcare.
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It emerged earlier this month that Westfield Specialty was launching a D&O book through Syndicate 1200.
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The consultancy has outlined the financial guarantees needed from governments and availability of data from Ukraine that will enable insurers to provide risk capacity for the country's recovery.
