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The smart-follow unit was launched as part of Howden’s HX in 2020. -
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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This will not impact Markel International, which will continue to operate out of the UK.
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The transaction will be one of the largest involving two strategics in broking history.
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The underwriter has spent a decade at Chaucer.
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Third-party litigation funding has been linked to rising casualty insurance prices.
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A roundup of all the news you need today, including Moody’s estimate of insured losses from Helene.
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Moody’s described Hurricane Helene as “like Idalia but worse”.
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David Randle joins from Tysers, where he worked for nearly 28 years.
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The ratings agency expects insured losses of around $5bn for Helene.
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