Markel
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She joined the carrier as an underwriting assistant over 11 years ago.
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The underwriter will report to Juliet Redfern in the new position.
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Slipstream will be available to marine, cargo and logistics UK clients.
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The executive discussed Markel’s performance in an annual shareholder letter.
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The carrier has been hiring after the launch of a new specialty practice.
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The carriers were in arbitration with UnipolRe and Gen Re.
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Paul Western has been promoted to head of hull underwriting.
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The carrier did not consider pursuing an LPT deal to address the GL and PL issues.
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The figure was disclosed in the group's recent 8-K disclosure.
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The committee claims Chaucer waited until it had ‘maximum leverage’ over other debtors.
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The carrier is expanding its marine footprint in 2024 through its Lloyd’s and London branch.
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Rice has been appointed as senior underwriter and head of business development for Europe.
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The carrier has also appointed Tom Hillier’s Brit colleague Graeme Ivory as director of international casualty.
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Woodhouse will be based in London and report to Ed Winter, director of terrorism.
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The programme services carrier will serve UK MGAs from 1 January.
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A credit loss owing to a fraudulent letter of credit from Vestto added 1 point to the combined ratio in Q3, insurance president Jeremy Noble told analysts during a conference call.
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Rory Morison was hired last month to lead the Australian business.
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The carrier was one of Certa’s original capacity providers at its 2019 launch.
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Richard Burnett will take up the strategic position as head of cargo underwriting.
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Demand for specialty commercial insurance in Australia has been increasing, driven in part by the growth of the digital economy alongside traditional industries.
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Markel Bermuda entered into two collateralized reinsurance transactions with White Rock for the benefit of a segregated account owned by a Vesttoo affiliate.
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Based in New York, the executive will report to Markel’s terrorism director Ed Winter, who is based in London.
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The executive was chief actuary for Travelers’ Lloyd’s business and Creechurch Underwriting.
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The underwriter led the division specialising in marine and energy liability.
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Securities filings show the conglomerate’s ownership of Markel holdings was valued at over $600mn at the end of March.
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The carrier has also hired Paul Cunningham from Talbot to lead the claims function of its newly launched marine team.
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The loss portfolio transfer deal was completed in March of this year, covering £200mn of UK motor insurance claims.
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The LPT covers both settled and unsettled claims, taking on “a lot of variability” and potential exposure in terms of the reserve, Marco said.
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Hutchins will report to Bryan Dressler, head of W&I at Markel International.
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Scott Bailey previously spent 12 years at CFC managing the technology and media division.
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The firm’s insurance LR rose to 60.7% from 49.1%, while the reinsurance LR moved down to 58.7% from 64.1%.
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The book of business was performing poorly, and was exposed to major claims from the 2021 Huntington Beach oil spill in California.
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Group CFO and incoming president of insurance Jeremy Noble has told Inside P&C that the insurance operation is where Markel sees the most upside potential.
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The carrier also promoted Emma Higgins to head of catastrophe management, the role vacated by Green.
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The platform will automate a range of processes across risk submission, risk appetite evaluation, underwriting and pricing for quotation, using a lead algorithm.
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