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Sources previously told this publication there is up $15bn of exposure on-risk locally. -
The contingency market is monitoring the war between Israel and Hamas for potential loss activity, as well as keeping track on whether it has wider global implications for events, sources told this publication.
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Carriers achieved sweeping changes in pricing, terms and coverage in a hectic renewal at 1 January 2023, in a reset that sources hope isn’t reversed.
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Syndicate 1856 is looking to back diversified coverholders for the project.
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Emily Taylor joined Hiscox as a senior underwriter in 2020.
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The carrier's global reinsurance panel is led by Arch Re and encompasses 43 other reinsurers, including multiple Lloyd’s syndicates.
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The broker has hired Paul Cousins from Chesterfield Group and Matt Webb from Ed Broking to run the division.
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Exclusions and coverage changes absolutely make sense as a goal, but some wordings have thrown up additional risks.
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Cedants are grappling with rising rates while coverage narrows.
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Insurance Insider selects 10 exclusive news stories reported by our team on the frontline at Monte Carlo Rendez-Vous.
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The carrier’s withdrawal from certain specialty lines comes as remediation feeds through into improved results.
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The former reinsurance leader’s exit from treaty highlights wider pressures on the market.
