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Geopolitical conflict could expose the global economy to $14.5tn in losses. -
Many insurers have cut back lines in Lebanon, although larger insured sums are at stake in Israel.
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The business recently hired former Occam PVT underwriter Nicholas Stevens.
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The underwriter has spent a decade at Chaucer.
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PVT business has been attracting new capacity after recent rate increases.
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Plus the latest people moves and all the top news of the week.
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The PVT market has seen a recent spike in staff movements, as new capacity enters the space.
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The peril is posing an increased risk of loss for the sector.
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The carrier launched into the political violence market at the beginning of the year.
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The short-tail buildout will feature lines including political violence and marine.
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QBE has “effectively stopped writing new business” in response to its New Caledonia loss.
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Police and civil authorities will likely pick up most costs.
