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Liability business has been impacted by rising claims costs, driven by social inflation trends. -
The appointment comes after senior cargo underwriter Caroline Monnickendam left Brit for Munich Re Syndicate.
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Former SSL chairman Andrew Sturdy’s MGA has hired staff from AGCS, Qatar Re and Trust Re.
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IG increased the percentage of its first layer placed in the open market, after not renewing one of two 10% multi-year placements.
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Cargo movement has been elevated following a sustained period of rate hardening.
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Specialty reinsurers clamped down on Ukraine coverage at 1.1, with the one-year anniversary of the invasion threatening claims.
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The executive has worked at the Norwegian Hull Club for more than 18 years in underwriting and management positions.
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The carrier is re-staffing its hull team following three personnel exits last year.
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Specialty reinsurers are insisting on exclusionary language in order to clear their books of further exposure to the conflict.
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The hire comes after the carrier recently appointed AGCS’ Chris Turberville to lead the hull team.
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Andrew Hedges – who writes the book – will leave the business after a transitional period to oversee the run-off.
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Charlie Jenkins is leaving Travelers after a brief spell, having previously worked as a broker at WTW.
