Pol risk, credit & surety
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The ruling will follow a final, uncontested court hearing on Wednesday.
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The sanctions will further complicate the delayed construction of the 2,460 km pipeline between Russia and Germany.
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The executive has worked at Axa XL and legacy XL Catlin since 2011.
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Former Ryan Specialty Group and AIG executives join Nexus to lead the alliance.
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The scheme currently expires at year end.
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Ed Arghand and James Morrell will report to former Neon specialty head Nick Robinson.
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The executive will lead the trade credit broker’s establishment as a separate business.
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The newcomer will work alongside his RFIB counterpart to fuse the two operations’ trade credit businesses.
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Protest losses, which were covered under its property programme, came to around $100mn, leading some carriers to exclude the cover.
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The London D&F market is expecting minimal exposure, but there is also potential for political violence and trade credit losses, sources said. -
Aviation, oil and gas and tourism were the biggest sectors of concern for structured credit and political risk insurers.
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It will initially provide credit and political risk solutions, though there are plans to expand the offering.
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