Professional indemnity
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The professional risks portfolio is underpinned with Bridgehaven capacity.
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The hire comes as Miller continues to expand its UK team under the leadership of Tim Norman.
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The binder will offer £5mn in primary capacity for companies in technology, media and marketing.
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The MGA provides coverage to SMEs in the food, hospitality, leisure and hotel sectors.
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Prior to joining BHSI in 2020, Ben Ruddlesdin worked as an underwriter for The Hartford.
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CEO Nick Tye told this publication earlier this month that the company was planning a financial lines launch.
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Argenta will be a cornerstone capacity provider to new MGA Casper, which will write $100mn in year one.
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Rokstone’s new PI facility is for UK and EU risks with a £2mn primary and a £5mn excess of loss limit.
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While competition is picking up, a likely rise in claims during a recession is likely to prevent a return to a soft market.
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The carrier has also exited the downstream energy and financial institutions markets in recent weeks.
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The scheme aims to fill the gap left when private sector carriers exited the market following the Grenfell disaster.
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The broker has also appointed Rebecca Harvey from Besso to focus on North American production in D&O.
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The MGA can now offer limits of up to £10mn on either primary or excess layers for UK PI business.
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Secretary of state Michael Gove claimed the market is “failing some leaseholders”.
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Michael Morgan will take over as head of professional liability in the latest management change at the finpro practice.
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The new recruit will join Julian Samengo-Turner’s Middle East and Africa team.
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Experienced underwriters Patrick Comerford and Clive Moore left Pioneer after it failed to secure PL paper for 2020.
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Wesley Richards will report to Dylan Hughes, managing director of Brunel Professions.
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Elizabeth Grima will run the new wholesale unit with Tom Malcolm.
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The underwriter will be based in Barcelona and focus on professional indemnity business.
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The carrier said the appointments will help the insurer "grow its presence within the UK broking market”.
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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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