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The 737 Max fleet was previously grounded in 2019 following the fatal crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302, when Boeing had a $500mn sub-limit on such claims. -
The carrier has been growing its financial institutions team and recently appointed Mark Warrilow from Price Forbes.
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The senior underwriter has 35 years’ experience in marine business.
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Insurance competition remains vibrant in some of the segments that remain most exposed to persistent risks highlighted by the flagship World Economic Forum report.
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Gaughan took over the leadership of SiriusPoint’s energy underwriting operation last year.
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The carrier also signed down some Lloyd’s players due to differential pricing.
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The legacy carrier has acquired two portfolios of European casualty and motor liabilities from two separate insurance groups.
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The carrier has made numerous energy and power appointments in recent months.
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Prior to his resignation, Stubbs held the role of deputy class underwriter at Chaucer Group.
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The flight of reinsurers to mid- and upper layers of programmes is influenced by recent experience but softening at this level can be seen as a risky move.
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The Build consortium will target sectors including renewables, power, waste to energy, infrastructure and innovation.
