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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.
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Researchers expect 15-20 named storms to form in the Atlantic Basin.
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This follows February’s cat losses coming in below the $150mn reporting threshold.
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Cyber Quoting will connect global cyber insurers and US distributors.
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The Q1 figure represents a 2-point acceleration on the 7% reported in Q4 2023.
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A total of 8% of issuers under criteria observation received negative rating actions.
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The deal gives follow form binding authority on behalf of syndicates 1609 and 5399.
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Heather Goodhew serves as a non-executive director at two other companies.
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She joined the carrier as an underwriting assistant over 11 years ago.
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