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The product is led by Canopius and IQUW, with support from three other Lloyd’s insurance company markets. -
The line of business entry will be via its AdA SPA 2024, which will begin underwriting in 2024.
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The broker said it anticipated new entrants in the downstream class following a profitable 2023.
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Delegates at our annual London Market Conference (LMC) described the market as “transforming” and “exciting”.
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The latest class of business entry forms part of the carrier’s ongoing international insurance expansion.
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The political violence market failed to ‘look in the rearview mirror’ amid growing geopolitical tensions.
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Chief of IRS Criminal Investigation said Tysers had "eroded the process of fair and open competition".
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The bill removes a previous Farm Bill requirement mandating that carriers purchase unlimited catastrophic reinsurance. Instead, companies can purchase “adequate” catastrophic reinsurance.
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Social inflation continues to prove challenging in the casualty space and is rebounding post-Covid.
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Deans joins from CNA Hardy, where she was a property underwriter since 2010.
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Chubb declared at the last minute that it would not contest the English court’s jurisdiction, in contrast to every other reinsurer being sued by aircraft lessors.
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The D&O market continues to soften, following several years of substantial rate increases.
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