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The MGA boosted its capacity by 40% earlier this year, amid heightened activity in marine war. -
The Incyde Risk facility will provide up to $25mn in capacity on a primary and first-excess basis.
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John succeeds Kostya Zolotusky, who will retire at the end of the month.
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Thomas Noakes is joining the broker from Price Forbes in June.
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The marine expert has worked for Axa XL and Catlin for most of his career.
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Browne joins from Allianz Global Corporate & Specialty, where he was head of specialty.
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Axa XL has also added Fidelis’ Jamie Cann to its aviation team.
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The marine carrier reported a ‘benign’ P&I claims environment.
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The business will be supported by up to $200mn of Lloyd’s and London underwriting capacity.
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The timing of the incident could leave carriers running large net exposure for the remainder of the policy year.
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The broker will sponsor a fellowship for a researcher working at the university.
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The updated framework from the Corporation provides less “scope creep”, said CUO Rachel Turk.
