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Syndicate 1947 is gearing up to expand its marine reinsurance portfolio. -
The reinsurer said US president Donald Trump’s policy was already impacting investment.
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The availability of capacity remains the market’s key driver, the broker said.
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The claims specialist spent 30 years at Amlin before joining TFP.
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Plus the latest people moves and all the top news of the week.
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The Lloyd’s syndicate was one of just a couple of reinsurance start-ups in the current hard market.
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The changes affect operations in Switzerland, Bermuda and the US.
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Separately, Caribbean market head Janine Seifert is leaving the reinsurer for BMS Re.
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Lloyd’s executives have suggested ceded reinsurance syndicates could help London compete in treaty.
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The programme’s total limit this year is down $594mn to $1.36bn.
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Green hushing is on the rise as Trump rows back on climate initiatives.
