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Pressure from both Lloyd’s and company markets has pushed up rates in the energy market segment.
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David Hawksby will lead the energy portfolio from Houston. -
Chairman and CEO Greenberg say the moves reflect the carrier’s commitment as a “steward of the earth”.
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The Swiss firm claims to be the first insurer to sign up to a charter aiming to put a 1.5°C ceiling on global warming.
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Jens Voges will work from the Cologne office.
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The underwriter was XL Catlin’s head of engineering before moving to Canopius in 2015.
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The class, which has experienced a string of recent losses, will now be written from Argo’s Bermuda platform.
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The Axa XL-led placement could still escape a claim if it is determined there was no physical trigger for the loss.
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The major account loss comes as parent company AJ Gallagher awaits a High Court verdict in the poaching case with Ardonagh.
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Tom Houston will work with upstream specialist Steve Hawkins at the new carrier.
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Insureds are resisting rate rises after another loss-free year for offshore wind risks.
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EC3 execs described low-to-mid single-digit increases on average, with aviation, property D&F and PI rates pushing higher.
