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The full-limits loss on the placement has raised alarm as a stark example of the impact social inflation in the US is having on claims severity. -
Two of the carrier’s underwriters were hired by new entrant IQUW to build its book of business.
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Southgate worked at the likes of Canopius, Swiss Re, Aon and Sturge Syndicate during his career.
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The broker said that the there was an increased differentiation in pricing compared to 2021.
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King is joining Miller as part of its Asian expansion strategy, with the independent broker hiring Ron Whyte as its head of strategic development in Singapore just a few months ago.
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The landmark reinsurance contract provides protection and indemnity coverage for around 90% of ocean-going tonnage.
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The likes of Swiss Re and Scor are supporting the sector-specific methodology linked to broader decarbonisation efforts.
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Matt Griffiths’ resignation follows the departure of the Harry Simpson-led Tysers terror and political violence team, which has joined BMS.
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The major marine classes have undergone substantial remediation, which has attracted new capital to the space.
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Both underwriters used to be colleagues in the marine hull team at RSA prior to Stuart Forsyth’s departure.
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The broker saw several exits from its marine team in the run-up to its aborted merger with Aon.
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Amelie Keeble-Buckle and Ellie Barr are set to join the Stephen Catlin-led carrier.
