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The group expects that its full-year forecast can be "exceeded significantly”.
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The practice aligns existing capabilities from Marsh Specialty and others.
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The executive said expansion was driven by retention and new business.
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The carrier will reassess the market in the fourth quarter, or early in 2025.
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The carrier’s reinsurance segment doubled its net result to EUR67mn.
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CEO Carl Hess hailed a “solid” first quarter of results.
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James Platt has previously held group COO and chief digital officer roles at Aon.
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The consortium will offer up to $50mn of per-program capacity.
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Both Schlesinger and Sandford will report to Matt Humphries, head of crisis management.
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The forum will be an ‘even safer space’ for efforts on climate change action than the NZIA.
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The executive will report to UIB LatAm CEO Carlos Gutierrez.
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Available net cash proceeds on closing are now down ~$100mn to $65mn-$110mn
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There is a high likelihood the property claim will be subrogated.
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Roth will be responsible for retroactive and prospective structured reinsurance.
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Global commercial insurance rates rose 1% in Q1, down from a 2% increase in Q4 2023.
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The group has promoted Defne Turkes to COO of its new international insurance unit.
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The carrier increased its top line by 35% to $1.1bn.
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The broker used a consensus-based hypothetical cat event type to analyse its global impact.
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The city alleges defendants knowingly allowed an “unseaworthy” Dali to set sail.
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‘Strong reinsurance cover’ in the UAE, Oman and Saudia Arabia is to be triggered.
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The product was made through a partnership with technology provider Safehub.
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The carrier’s Q1 P&C re combined ratio is around 75%.
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The MGA has seen a “significant uptick” in dealmaking in the sector.
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The appointment of additional non-executive directors is currently under consideration.
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Kirsten Valder has been with Arch for 10 years and before then was a partner at Kennedys Law.
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Lloyd’s and Velonetic are still exploring three options for the latter stages of cutover.
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The appointment comes soon after the rebranding of the Richard Brindle-led business.
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Liberty Specialty Markets is recruiting for its hull team following a number of staff exits.
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The executive is to step back for personal reasons.
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Willett will be responsible for growing the FI team’s footprint and Nexus’ Lloyd’s box offering.
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The ratings agency said momentum in US E&S would create opportunities for the London market.
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The Lloyd's CUO warned against "calling victory too early".
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As a result of mostly flooding, £474mn of losses occurred in the UK.
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The carrier's UK portfolio will no longer be written with an in-house team.
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The legacy carrier is to buy the captive from a “very large” multinational firm.
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The cyber market faces significant claim notifications from Change Healthcare clients.
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Its first UK MGA partner signing is expected by the end of this quarter.
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If you only read a handful of stories this week, make it the selection below.
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The vehicle has made at least 19 acquisitions since its 2020 purchase by HGGC.
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The executive announced his departure on LinkedIn, and his next destination was not disclosed.
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Insurers claim that damage from the “detonation of an explosive” is also excluded.
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Giulio Terzariol and Woody Bradford will be CEOs of the insurance and asset management units, respectively.
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Insurers in the emirate typically buy low-attaching reinsurance.
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The US casualty market was “challenging”, the executive said.
-
Researchers expect 15-20 named storms to form in the Atlantic Basin.
-
This follows February’s cat losses coming in below the $150mn reporting threshold.
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