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WTW has appointed Aon’s Ed Day to work as head of international property in the broker’s D&F team, which is led by Garret Gaughan. -
Cat de-risking and asset revaluations have also been key features of this renewal.
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Linda Daly will join the company’s D&O division led by Michael Chu.
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There are early signs of bifurcation between rates on cat-exposed or loss affected business, and clean accounts.
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The senior underwriter has worked at Sirius, Novae, Mitsui Sumitomo and Chaucer.
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The start-up said its survey shows that SPAC and de-SPAC claims would drive increasing litigation throughout 2022.
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Sources described the deal as a collegiate agreement, and long term the carrier is still understood to be committed to the US property market.
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Underwriters are navigating tricky territory as they look to hit growth targets while maintaining discipline on pricing.
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The appointment comes after Allison Wilkinson departed Chubb to join Convex.
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Former head of D&F at Geo Specialty David Leathem and his colleagues first joined the Ardonagh-backed MGA in 2017 to establish its international property book.
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The reinsurer added $280mn in casualty pro rata premium in Q4, a 60% jump, while growing casualty XoL writings by 37%, or about $84mn in new premium.
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Prior to her promotion, Janine McGriskin held the role of senior underwriter, UK financial institutions, at the carrier.
