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Loss activity in the upstream market remains benign, adding to softening. -
This publication reported in October that Debbie Hobbs was to exit Miller after four years.
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Sharp will remain for the 2026 renewal process, before pursuing a new opportunity in the market.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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The appointment follows Everest’s $2bn renewal rights sale of its commercial retail business to AIG.
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Stephenson will start his new role in early 2026.
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Insurers must avoid being a “blocker” in development and financing decisions.
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Volt was launched in October 2024 to support clients through the energy transition.
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Existing facilities and carrier partners will be transferring from K2.
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The facility is led by Beazley’s Smart Tracker.
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Executives also agreed that facilitisation is a structural market change.
