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The new hire joins from Axa XL, with a background at Hiscox.
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A substantial rise in the value of liabilities transacted during Q1 to $4.2bn was driven largely by Aspen’s $3.6bn LPT with Enstar.
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An FCA letter to the government suggests various ways to resolve issues around soaring pricing on medium- and high-rise properties with multiple occupancy.
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The legacy specialist has faced a downturn in profits following a bumper run of results through 2020 and 2021.
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The two companies will operate as standalone subsidiaries within Marco Capital Group.
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The carrier has extended the limit to $1.275bn for the year to 31 March 2023.
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The ratings agency said a high degree of uncertainty around ultimate exposure is likely to be long-lasting and will fuel rate strengthening in affected lines.
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European storms have inflicted heavy claims on insurers in recent years.
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The state Governor’s goal is ‘to have a functioning market’ for property insurance in Florida.
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The nat cat loss aggregator said the Q1 event was the “largest flood loss on record” for the Australian insurance industry.
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A $90mn capital charge relating to the former Ace run-off asbestos book is a bear signal for the wider legacy market.
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The carriers have placed a legally binding cat excess-of-loss reinsurance contract using B3i’s platform.