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Many insurers have cut back lines in Lebanon, although larger insured sums are at stake in Israel. -
The deal has reduced the carrier’s one-in-250-year cyber loss scenario from $651mn to $461mn.
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The CUO said the market must not try to recreate the conditions of 20 years ago.
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The business recently hired former Occam PVT underwriter Nicholas Stevens.
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The 12-week trial is set to commence in the Commercial Court in London tomorrow.
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The smart-follow unit was launched as part of Howden’s HX in 2020.
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The underwriter has spent a decade at Chaucer.
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Co-heads of the space unit Chris Gibbs and Richard Parker have left the carrier following the exit from the class.
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Loss-free accounts are expected to be oversubscribed by as much as 140%.
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The vehicle provides coverage for non-physical damage BI.
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The company will write marine cargo and transport logistics policies across the country.
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Top concerns also included medical cost inflation and employee benefit costs.
