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The Class B notes on the carrier’s debut deal attach at $500mn of losses. -
A spree of new entrants in the cargo market has resulted in recent talent turmoil.
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The Pen Underwriting MGA is expanding from its marine war specialism.
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Tillett succeeds Michela Moro who is returning to Italy, according to Allianz.
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The carrier’s lower hurricane exposure was driven by portfolio exits and optimisation.
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A roundup of all the news you need today, including Lloyd’s CUO Rachel Turk comments on cyber.
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Cyber is more in the one- or two-year loss development camp, the Lloyd’s CUO said.
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The start-up has secured BMA approval as it looks to a 1 January kick-off.
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Insurance Insider had previously reported the appointment of the two executives.
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The specialty reinsurance space has experienced a recent period of talent churn.
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Large syndicates outside top performer quartiles have been afforded significant room to grow.
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The hybrid fronting carrier was launched last year and is led by Talbot alumnus Sam Reeder.
