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The first of a two-part series on innovation examines the barriers blocking product innovation in the P&C market. -
Scor’s Malcolm Newman, Axa XL’s Sean McGovern and Aon’s Richard Dudley gave evidence to the Lords committee on regulation.
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The carrier is the latest in the Lloyd’s market to post a substantially improved combined ratio in 2021.
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President Putin has signed off on a new law that has banned Russian carriers from ceding risks to reinsurers in "unfriendly states".
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Reuters reported that if a foreign lessor terminates the agreement, a special government commission is to decide whether the aircraft can be returned.
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There are early signs of bifurcation between rates on cat-exposed or loss affected business, and clean accounts.
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The embedded insurance specialist for the cargo market now plans to accelerate the development of its proprietary smart technology.
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The new sanctions, which came into force at 17:00 UK time yesterday, give insurers until 28 March to cancel all existing direct or indirect contracts with Russia.
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Multiple interlocking dependencies will determine whether huge potential claims from leasing companies are ultimately paid.
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The market fears that stranded vessels could result in claims, while coverage to enter the Black Sea is scarce and expensive.
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The intermediary’s London Market Appetite Survey also found increased enthusiasm for sustainable energy risks.
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The London CEO laid out the broker’s plans for overseas expansion, his views on market modernisation and the broking war for talent in a wide-ranging interview.
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