Professional indemnity
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The aspiring carrier is already providing risk-transfer deals for carbon offset buyers but plans for its initial underwriting to be focussed in more traditional areas.
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Double-digit rate rises are still expected in the class, but not at the same scale as seen in 2020.
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The appointment follows the departure of two Talbot PI underwriters last year, who left to join Faraday.
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The Aquiline-backed motor syndicate is hiring a team to lead a build-out in specialty lines.
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The appointment confirms the carrier’s prospective involvement in the rapidly hardening market.
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The appointment reflects a diversification push at the carrier.
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The broker will add a Belgian office alongside its London operation for post-Brexit trading.
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The insurer said that stripping out the effects of Covid-19 from counterfactuals would over-indemnify policyholders.
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Mike Newson will lead the division as PI and financial lines manager.
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Bermudian’s Lloyd’s platform to begin underwriting class by early 2021.
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The Allianz unit says the experience of the Sars epidemic suggests general liability claims are likely to remain benign.
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Olivier Hamon and Alice Batchili will write executive and professional lines products from the carrier’s Paris office.
