Transactional liability
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There has been increased W&I appetite in South American jurisdictions. -
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Liberty GTS saw a 21% YoY decrease in R&W notifications across all its regions in 2023.
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The underwriter was head of W&I for the UK and Ireland at Mosaic.
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Sources expect at least $80mn-$90mn of insured losses stemming from the case.
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M&A levels have increased 23% year-to-date compared to 2023, according to Gallagher Specialty.
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W&I premium rates have fallen as low as 0.4% in the UK.
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Colin Addy and Greg Conroy, former Vale and Chubb executives, co-head the new operation.
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BP Marsh took a 30% cumulative preferred ordinary shareholding in Devonshire.
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This publication revealed Chubb was planning to re-enter the London TL market.
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Sources said the initiative includes former Ambridge executive MD Jeff Doran.
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Rates have fallen on the back of reduced deal flow in 2023.
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