Lloyd's
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The association allowed managing agents to select the most suitable candidates in this election cycle.
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Sources said that the company initially claimed to have secured support from London underwriters Canopius, Tokio Marine Kiln and Liberty Syndicate.
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Despite improving returns, inflation and the availability of economically priced nat cat capacity remain the biggest challenges facing the sector.
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The move follows former regional CEO Thomas Haddrill’s relocation to the UK to join WTW.
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John Sununu will become non-executive chair of Lloyd’s Americas.
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The syndicate will access first excess – and eventually primary – business for US large corporates which typically does not make it to Lloyd’s, the CEO said.
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It is anticipated that some business plans will need to be revised in the fallout of a tumultuous 1.1 reinsurance renewal.
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A regional focus has been adopted for the first time, with Lloyd’s Europe sponsoring efforts to tackle cyber and climate underinsurance.
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Here we walk through seven themes of the market that will be drivers of change in the year ahead.
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The new market participant will operate under the syndicate-in-a-box scheme.
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If you only read a handful of stories this week, make it the selection here.
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Ian Summers has set out AdvantageGo’s plans to manage clients’ eco-systems of technology suppliers on their behalf, and to collaborate with competitors on the Blueprint Two programme.
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