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It has increased its limit based on market demand and feedback from customer base across the port and shipping sectors. -
Simon Hughes spent just under seven years as CFC’s cyber team leader.
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Legal precedents are being set which could lead to crippling liabilities for US businesses as well as longer term data management implications.
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WTW’s survey cites regulatory risk, health and safety precautions and bribery and corruption on the list of top D&O risks.
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The new product is being developed to meet client demand for the coverage as the Lloyd’s market prepares to exclude cyber war as a peril from 31 March.
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Monica Tigleanu will be succeeded by Simone Hardy, who has been appointed senior underwriter, joining from The Channel Syndicate.
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The hires will support the MGA’s recently launched cyber product in partnership with Travelers.
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Prior to joining BHSI in 2020, Ben Ruddlesdin worked as an underwriter for The Hartford.
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The MGA has $15mn of capacity to underwrite UK public corporations and plans to expand into the US market.
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The market has undergone substantial multi-year hardening after a surge of painful loss activity.
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The MGA will offer a £10mn excess line, as well as access to its attack monitoring technology.
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Reinsurance renewals were more orderly than feared and business plan resubmissions have a positive weighting.
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