Pol risk, credit & surety
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The facility will offer $100mn of cover.
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Claims in Venezuela and Turkey hit carriers.
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The Corporation claims FCA support for its decision to risk the wrath of EEA regulators. -
The line increase comes after the carrier bolstered its political violence capacity last month.
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Oxford Analytica research conducted on behalf of the broker finds close to half the companies surveyed had sustained a loss of more than $100mn.
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The Channel Syndicate provides capacity to underwrite the SME invoice protection product.
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Jared Kotler joins the carrier from Validus to head up the division.
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Currency collapse sends ripples through political risk market
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Coverage for litigation costs associated with intangible assets presents an opportunity for insurersCoverage has been available for 30 years or so, yet the market has been slow to develop.
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The carrier’s new wordings will be written on both Lloyd’s and company market paper.
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The exit follows others from the firm’s London market terrorism practice since the beginning of the year.
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The carrier makes its first venture into whole turnover trade credit.
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