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The unwinding of the pandemic, inflation and specialty pricing are set to be some of the areas of focus for the market. -
The appointment comes after Sarah McGurk resigned to join Aviva.
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Increased competition is shifting market dynamics after a transformation in rating conditions.
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The new recruit will join Julian Samengo-Turner’s Middle East and Africa team.
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Staff movement in the line of business has remained high amid firm market conditions coming into 2022.
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The executive has more than 25 years’ experience working in banking and asset management.
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New markets have reset the balance between supply and demand in the market.
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The hire follows the addition of former Berkshire Hathaway executive Michael Densham to expand the MGA’s Canadian operations.
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The carrier has been rebuilding its D&O team after a number of staff left to launch new books of business.
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The new team now counts 15 underwriters working with 1,600 brokers across 80 countries to reach more than 6,000 clients.
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Head of Continental Europe facultative Nicola Fraccalvieri will lead the combined team.
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Syndicates will sometimes baulk at the degree of oversight in Lloyd’s, but it remains a poor signal that a niche player like 1975 would walk away.
