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Munich Re is among the insurers with a stake in the German carrier. -
The executive is charged with defrauding investors out of nearly $500mn.
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The two lines will add £11mn in planned premium.
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The broker will report to Howden US CEO Mike Parrish.
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The protection covers the US insurance book for the 2024 and prior accident years.
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The change forms part of a broader leadership reorganisation.
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As two working member vacancies are arising on the Council, a ballot will be held.
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A roundup of all the news you need, including our interview with IGI CEO Waleed Jabsheh.
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Plus, the latest people moves and all the top news of the week.
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David Bell has held aviation roles at Marsh, AIG, Gallagher Re and Aon.
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The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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A Lloyd’s consortium led by Beat Syndicate 4242 backs the MGA.
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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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Nine-month insured losses still exceeded $100bn due to California wildfires.
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The facility provides coverage for property, terrorism, energy, construction and utilities risks.
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The broker’s new business and client services division is targeting $400mn of savings.
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Earlier this week, the broking house announced a rebrand to Marsh.
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The reinsurer stressed it “did not shy” from cat business in 2023.
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A roundup of all the news you need, including our deep dive into entry-level hiring.
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Ark has been adding new product lines across its three Lloyd’s syndicates.
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Rachel Webber was most recently head of non-marine at TransRe.
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Jamie Smith joined Arch in 2018, taking on the senior underwriter role in 2022.
