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CEO Adrian Cox said Beazley’s recent $290mn ILW purchase was not driven by “capital flexibility in and of itself”. -
The A&H market had improved performance between 2020 and 2023.
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The exit follows that of Guy Carpenter’s head of cyber centre of excellence for international, Siobhan O’Brien.
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The business is being marketed off around £15mn Ebitda, sources said.
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The loss of premium income from Glencore is expected to add to competitive pressures running up to 1 January.
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It will be the 16th consecutive year Gard has offered an owners’ general discount.
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The company has grown its premium base by 12% annually over the last five years.
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Bradley Haimes will leave Zurich after more than a decade with the carrier.
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The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets.
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Credit insurers may need to adapt their business mix, client base and types of deals underwritten to stay relevant.
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A significant amount of new capacity has flowed into the political violence and terror market in recent months.
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He will work for the Spectrum Risk Management business, which was acquired by Nexus.
