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The executive moves over in what is likely to be interpreted as preparation for an orderly CEO succession. -
Robert Scott-Mackie will join Tokio Marine HCC to build a war book, while Ben Jones will join Gard.
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Staff displacement continues in the contingency market following huge Covid-19 losses and hardening rates.
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The carrier’s decision to cease writing marks the first major withdrawal of capacity from the M&A insurance market.
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Liability losses on the Willis Re-brokered policy will take the claims tally above the expected total $50mn hull loss.
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The airline has said that it does not expect a total loss to the $200mn policy with the aircraft repairable.
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Other rival parties are understood to remain in talks about buying the shuttered entity's assets.
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The insurer says it’s not appropriate to claim government financial assistance on what is an “established and core product”.
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Ark founder David Foreman is due to retire from the role at year end.
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The Canadian technology consultant has been working with PPL for an initial period of exclusivity to determine its suitability for the project.
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The head of risk will succeed Andrew McMellin as the former MGA takes a new strategic direction.
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The total return player trades at only around 40 percent of book value when marked-to-market.
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