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The new product will be led by head of special risks Ed Parker.
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The need for specialty lines is greater than ever before, said Patrick G. Ryan, founder, chairman and CEO of Ryan Specialty.
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Insurers' losses will likely be low and readily absorbed by their earnings.
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It is understood that the executive will report to Scott Meyer, now COO for NA Insurance.
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Professional indemnity is the largest class of business for the syndicate.
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Former Chesterfield managing director James Stevenson moves to exec chair.
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Navium has scaled rapidly to become one of the largest marine insurers in the market.
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This publication has reported several exits from the carrier’s Lloyd’s operation.
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The specialty treaty market is preparing to deal with the fallout from the Baltimore bridge disaster.
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The flattish outcome comes after a larger year-on-year hike in January.
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The moves are the latest in a period of personnel upheaval in the energy market.
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Seven members of the construction team have resigned, including construction practice leader Patrick Baker.