PV/Terror
-
Many insurers have cut back lines in Lebanon, although larger insured sums are at stake in Israel. -
The business recently hired former Occam PVT underwriter Nicholas Stevens.
-
The underwriter has spent a decade at Chaucer.
-
PVT business has been attracting new capacity after recent rate increases.
-
Plus the latest people moves and all the top news of the week.
-
The PVT market has seen a recent spike in staff movements, as new capacity enters the space.
-
The peril is posing an increased risk of loss for the sector.
-
The carrier launched into the political violence market at the beginning of the year.
-
The short-tail buildout will feature lines including political violence and marine.
-
QBE has “effectively stopped writing new business” in response to its New Caledonia loss.
-
Police and civil authorities will likely pick up most costs.
-
New capacity and increased competition is bringing rating levels under pressure.
Most Recent
-
Daily Digest: Top news from 9 October
09 October 2024 -
Verisk pegs Helene at $6bn-$11bn in latest loss estimate
09 October 2024 -
Southern shift of Milton puts Sarasota in track of storm
09 October 2024 -
Could trade credit be an untapped growth niche for Lloyd’s?
09 October 2024 -
Hurricane Milton restrengthens to Category 5: NHC
08 October 2024 -
NHC extends storm surge southward to Port Canaveral
08 October 2024