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The broker’s global marine team services global premiums of $3.9bn across marine classes.
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Plus the latest people moves and all the top news of the week.
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The CEO anticipates reinsurers to continue focusing on attachment levels and that appetite for specialty classes will be higher.
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The executive said that work was underway to make sure the energy transition is “led by Lloyd’s”.
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Political violence and terrorism will also be a focus class for the Corporation, amidst geopolitical turmoil.
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Over the last seven years Euclid has insured $3.2tn of deal value and has booked nearly $770bn of total incurred loss through 97 paid claims.
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Canopius will write a 2.5% line on the multi-class facility, while Axa XL will write 1%.
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The carrier has added aviation, cargo and terrorism to its initial hull offering.
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The underwriter will work in the retail property team at BHSI serving the central region.
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The contingency account will initially launch in the UK and Europe with plans to expand in other regions including North America in 2024.
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Current marine head Laurence Humberstone is set to retire after 19 years at the carrier.
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The summit has been called the most significant for the industry to date, as there is a growing awareness of the value of insurance.
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Sompo has begun writing aviation war for the first time, while Apollo has picked its pen back up after a pause.
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The brokers will work in the contingency team headed up by Ian Tomlin.
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Tokio Marine HCC restructured its marine, energy and renewables division earlier this year.
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Insurance Insider understands David Walsh told employees in a memo that “certain culture failings” were identified in an investigation which had gone on “for some time”.
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The new trade organization seeks to promote responsible use of technology, collaborate with regulators on consumer protection and make insurance more available, affordable and accessible.
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Woodhouse will be based in London and report to Ed Winter, director of terrorism.
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Profits are expected to widen thanks to improved rates and higher average attachment points.
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The sectors could see many job roles automated as technology advances.
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Hansen’s role will be effective after a transition period with departing COO Chris Brook.
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Oliver Bäte joins Bret Johnson, CFO of SpaceX, and Coalition co-founders John Herring and Joshua Motta on the board of directors.
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The programme services carrier will serve UK MGAs from 1 January.
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The survey was conducted by the Nick Kilhams Foundation, founded in memory of the late Chaucer underwriter.
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