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Aon’s Nicholas Boswell Brown and Aviva’s Claire Whelan join the business in April to support the expansion into Spanish-speaking markets.
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The step is the latest in a flurry of initiatives companies in the insurance sector are taking to combat climate change. -
The broker says the London and European renewables markets achieved profitability in 2020.
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Opportunistic insurers are charging rate rises of up to 400% on excess layers amid a shortage of capacity.
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Message will write lines including upstream energy as the motor syndicate expands into specialty classes.
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Sophie Irvine was the only renewable energy underwriter left after Canopius’ Netherlands-based team left the business last year.
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Losses are “within expected tolerance levels”.
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Available capacity has shrunk by around $200mn in the loss-hit class of business.
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Hardening trends in other classes and ESG concerns will test insurer confidence in the sector.
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They are the latest in a spate of renewable energy hires, which the broker has been growing over the past year.
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Sources told this publication that former Pioneer colleagues may join the MGA’s new recruit.
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The partnership will aid the MGU’s international expansion with Generali GC&C UK leading a consortium to back its growth.
