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The facility was launched in partnership with the EBRD.
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Alexander Schlei will succeed Carsten Schulte in his former role.
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The carrier said its P&C and L&H reserves have been confirmed by independent reviewers.
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Annual growth in demand for tax insurance ranged between 25% to 40%, sources said.
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The firm will maintain a close partnership with Brit as a nominated lead across all classes.
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In October, this publication revealed that the carrier had resumed IPO preparations.
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Rasher also has offices in Seville, Cordoba, Valencia, Malaga, Granada and Pamplona, as well as Latin America.
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The appointment is a “major part” of Zurich’s global strategy, the company said.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
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Gabriel Ewing has held senior roles at WTW in the transactional risks team and at Marsh.
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The Corporation is undertaking research into global systemic risks.
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The scheme has been pushed back by three months to 31 March 2025.