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The broker will track and rank carriers’ response times. -
The reinsurer tends to support a number of syndicates where it has a potential relationship.
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Chris Nixon has been promoted to underwriting manager, executive & professional lines, UK.
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He joins from Swiss Re, where he has spent the last 27 years of his career.
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A resurgence in IPO activity may help provide new business for underwriters and reduce competition.
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Jamie Cann, previous head of aviation and space at the Fidelis Partnership, also joined Axa XL.
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The facility will also provide a dividend to clients for the first time.
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Castel founder Mark Birrell will take the role of executive chairman.
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Lloyd’s has taken around 6% of aggregate US hurricane losses in recent years, and disclosed estimated net losses from Helene and Milton of $1.8bn to $3.4bn.
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The transaction has received all required regulatory approvals and closed.
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The Lloyd’s market chief stressed the need to grow into new classes and took aim at DA management.
