Marine
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Navium has scaled rapidly to become one of the largest marine insurers in the market.
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This publication has reported several exits from the carrier’s Lloyd’s operation.
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Loss assessment is ongoing but the event looks likely to be a total loss.
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Although talent movement in Q1 2024 was above Q1 2023 levels, personnel movement slowed in Q2 2024.
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Plus the latest people moves and all the top news of the week.
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The launch comes after the broker established a marine division earlier this year.
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Re-marketing of large fleets can result in double-digit rate decreases as carriers chase income.
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Ex Ascot colleagues Gavin Wall, Chris McGill, Matthew Eve and Parth Patel are reuniting at the new unit.
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The broker will become director of marine at the Ardonagh subsidiary.
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He joins from Argenta Underwriting, where he was running operations in Singapore.
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The result was driven by significantly improved claims experience across severity bands.
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The broker has worked for Aon, Ed, Willis Re and Tysers.
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