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The global segment leader for power generation moves to Tokio Marine HCC soon after his colleague Nicola Hannay. -
Gareth Wharton announced his exit after nearly 18 years with the company in a post on LinkedIn.
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In its Plane Talking report, the broker notes a “distinct differentiation” between the hull and liability and the hull war/third-party liability markets in 2023.
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Tom Fulford-Smith and Charles D’Alton previously founded and led marine intermediary Latitude Brokers in Hong Kong in 2014.
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AIG leads the placement, WTW is the lead broker, with Marsh support, on the JAL account.
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The lessor said the amount of its all-risk claim relating to the 47 engines and five aircraft is around $836mn.
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The executive has more than 25 years’ experience in the industry.
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Gallagher said higher-than-normal war premiums in some cases may "help to paper over the cracks”.
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The lessor is still pursuing a variety of claims for other trapped planes.
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Thursday’s announcement means that the Russian insurer is off the hook for claims proceedings.
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The carrier is targeting the line of business as part of a wider strategic push in international insurance.
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The underwriter has spent the past 12 years working as a senior marine underwriter at RSA.
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