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The former Argo executive will join the MGA on 1 January, pending regulatory approval. -
Sources said that with heightened geopolitical risks, pricing is already "much higher" than at any point in the last five years.
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The renewables insurer flagged a “staggering increase” in hail events, which was driving double-digit rate increases.
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The MGA was without backing since March 2023, after Markel and Chaucer pulled their PVT paper.
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RedRiff Agency will underwrite A&H insurance and reinsurance through a Lloyd’s consortium led by Beat 4242.
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The broker is hiring in energy following the departure of several downstream brokers for Price Forbes.
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Aidan Flynn said that although different markets are expected to move at different speeds, the underlying trend is clear.
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The P&C Re CEO discussed Swiss Re’s P&C appetite and nat cat exposure in the investor presentation.
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The broker’s global marine team services global premiums of $3.9bn across marine classes.
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Current marine head Laurence Humberstone is set to retire after 19 years at the carrier.
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Sompo has begun writing aviation war for the first time, while Apollo has picked its pen back up after a pause.
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The brokers will work in the contingency team headed up by Ian Tomlin.
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