Pol risk, credit & surety
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Ablett is currently QBE’s global head of trade credit and surety and has headed up its global credit team since 2018. -
Political violence and risk underwriters have heavily cut back in the region, which remains an important source of premium for marine insurers.
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The underwriter will retain his responsibilities as lead underwriter for credit and political risk.
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Rising counterparty risk from economic slowdown will support prices and growth.
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Mark Jenkins becomes chairman of the global credit and political risk team.
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The repercussions of the war between Russia and Ukraine continue to affect several countries, including Egypt and Somalia, as a result of grain-supply interruptions.
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The underwriter has spent 10 years in Singapore, mainly in broking.
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The report states that in the first months of 2023 as many as 1.5 million person-days were expended on cost-of-living protests in the 10 countries hardest hit.
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The carrier will look to support green energy projects in developing nations.
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The consultancy has outlined the financial guarantees needed from governments and availability of data from Ukraine that will enable insurers to provide risk capacity for the country's recovery.
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The supply-chain finance firm dramatically collapsed in 2021 after its trade credit insurance was pulled.
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Other appointments in the team include Nick Ayres as chairman of global credit and Doug Espenson named as head of US mortgage.
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