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This publication revealed two years ago that EQT could lodge a $1bn claim. -
Rachel Sabbarton has been promoted to CEO at Lancashire Syndicates.
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The repricing on the broker’s $3.1bn term loan will save an estimated $8mn per year.
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The syndicate now predicts a return on capacity for 2021 of between -5% and 5%.
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Market leaders Atradius and Coface have both received in-principle approvals for a Lloyd’s syndicate.
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The Lloyd’s carrier is expected to try to claim multiple times under the policy.
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Philip Dalton succeeds partner Colin Hasler, who has retired after a 42-year career.
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Plus, the latest people moves and all the top news of the week.
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It is targeting low-risk specialty lines where it has a competitive edge.
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The company bolstered casualty reserves by $18mn, mostly from discontinued lines.
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The carrier reported an increase of 82% in pre-tax income.
