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Most of the estimated insured losses will be retained by insurers. -
The business recently hired former Occam PVT underwriter Nicholas Stevens.
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The ruling is the latest in a series of ongoing legal wranglings over Covid-19 BI losses.
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The 12-week trial is set to commence in the Commercial Court in London tomorrow.
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The broker will take a charge of $1.6bn-$2.1bn relating to the sale.
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The loss estimate covers Czechia, Poland and Austria.
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A roundup of all the news you need today, including Howden’s plans to move its cross-class smart-follow unit.
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Key floods this year outside of the US include the Rio Grande do Sul.
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Paul Bantick will continue to oversee the cyber risks division during the search for his successor.
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The smart-follow unit was launched as part of Howden’s HX in 2020.
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The broker has also worked in underwriting roles at XL Re and TransRe.
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The numbers will be refined further to arrive at an industry loss estimate.
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