Professional indemnity
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The increase to £350,000 per claim and the widening of the pool of those eligible for compensation could push up the cost of professional indemnity insurance.
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The Australian Royal Commission into financial services misconduct has led to withdrawal of local capacity
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Howard Friedman will leave his leadership role but will continue working at ProAssurance.
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Aside from the noise around elevated catastrophes and lacklustre renewals, Q4 underlying loss ratios continued to rise. -
Carriers are reluctant to expand their appetite in areas like cryptocurrency before D&O prices rise.
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Report shows insurers are increasing scrutiny of sexual harassment risk.
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An increase in securities litigation is expected to lead to greater D&O losses in 2019.
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Casualty lines paint mixed rating picture going into 2019.
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Five roles are under consultation as a result of the market withdrawals.
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Philippe Aerni has helmed the segment’s financial and professional lines unit since 2014.
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Philippe Aerni will lead both casualty and financial and professional lines.
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Underwriting manager Richard Whelan will relocate to Liberty Specialty Market’s London headquarters.
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