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The firm projects losses from the fires at between $160mn-$190mn. -
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Insurers are moving to settle with airline lessors over Ukraine claims.
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In the absence of interim action, the segment could face an “availability crisis”.
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Sources said that the firm was already preparing to drop the book before the spate of losses.
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The carrier will look to grow business outside North America.
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The US sports disability market has been dubbed the “problem child” due to its volatility.
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Sara Foucher has held roles at RSA, Swiss Re and XL Catlin.
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The carrier has paid $1.75bn on around 9,500 claims filed from the wildfires.
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The carrier expects the market loss to land at $35bn-$40bn.
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The transactional liability class faces a string of potential losses, especially in the contingent segment.
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The broker joined the Ardonagh Group from Gallagher’s Alesco in 2017.
