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The Build consortium will target sectors including renewables, power, waste to energy, infrastructure and innovation. -
Prices are surging as a result of heightened risk but coverage remains readily available for shipowners.
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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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Gallagher said higher-than-normal war premiums in some cases may "help to paper over the cracks”.
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The underwriter has spent the past 12 years working as a senior marine underwriter at RSA.
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Insurance Insider reported in November that the first layer of the deal had secured a 7.5% rate reduction.
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Rebel attacks on vessels have led insurers to hike pricing.
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Major shipping lines are diverting ships away from the Red Sea following numerous attacks.
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Director of aerospace David Godley had been at Nexus since its acquisition of aerospace MGA Altitude in 2018.
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Howden was the most active acquirer as people-move activity peaked in Q2, this publication’s data showed.
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Barr’s resignation from his previous role as head of marine at CNA Hardy was first revealed by this publication in July of this year.
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The class exit comes after it emerged in November that Brit had withdrawn from the space market.
