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The hire follows the departure of David Martin to GIC Re Syndicate. -
The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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The Ryan Specialty renewables MGA launched an international arm last year.
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The underwriter has worked for Markel in Singapore since 2020.
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Jo Smart has worked for Torus and Aegis during his two decades in the market.
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High capacity is adding to competition in the upstream energy space.
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New sources of capacity lack the expertise to service rapidly developing clients.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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Small modular reactors are increasingly viewed as a means of meeting surging energy demand.
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The London broker has also recently hired Michael Lohan from Lockton.
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Dale Underwriting recently pulled out of standalone offshore energy business.
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Plus, the latest people moves and all the top news of the week.
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This publication revealed in February the incident was expected to lead to a major claim.
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The aviation market may prove an outlier following a disastrous year of loss activity.
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Rönesans covers lines including aviation, energy, engineering and liability.
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The carrier said the decision reflected its commitment to portfolio discipline.
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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Donna Swillman is currently a senior underwriter at Axa XL.
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The underwriter has over 20 years' experience in the construction insurance sector.
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The carrier is looking to take a lead position in energy-transition risks.
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The broker has a longstanding trading relationship with US retailer Alliant.
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A notable uptick in attendance underpins the value still placed on the iconic trading centre.
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There has already been an influx of new capacity from MGAs into the power market.
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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.
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Staff targeted include producers that channel business through Howden’s London wholesale arm.
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Sources said MarshBerry is advising the underwriter.
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Tokio Marine GX was launched in May to offer coverage for companies looking to decarbonise.
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The carrier has appointed Roberts Proskovics as renewable energy risk management head.
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The latest hires follow Rob Hale’s move to Willis.
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The broker made several senior energy hires from Marsh last year.
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The executive has spent 13 years in the broker’s marine division.
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Plus, the latest people moves and all the top news of the week.
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The MGA will write natural resources professional liability business.
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Renewable energy premium written in London and international markets amounts to $2bn.
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Sources said the downstream energy market is unlikely to turn a profit in 2025.
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Plus the latest people moves and all the top news of the week.
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