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The Corporation gives the market two more weeks to complete the survey despite a “good” response so far.
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The AIG-owned company will redirect current renewal business though Singapore and London.
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The product requires only an insured’s web address to price cyber cover.
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The Lloyd’s wholesaler gears up for growth with the non-executive director appointment.
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Lloyd’s has opened a consultation on overhauling its governance structure in a bid to improve efficiency. -
The executive was at Lloyd’s for 17 years, and was a member of both the board and the executive committee.
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The Lloyd’s chairman said the behaviour under scrutiny includes harassment, sexual activity and bullying.
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The syndicates faced allegations that they conspired with brokers to rig the US commercial insurance market.
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The Corporation pledges to stagger syndicate submissions and give speedier approvals for simpler cases.
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PPL chairman Bronek Masojada warned against complacency as the take-up growth rate slowed quarter on quarter.
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The 333-year-old insurance market said that drunkenness, bullying and harassment can lead to disciplinary sanctions.
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The Atlanta-based start-up is in discussions with syndicates about distribution alliances.
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