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Chaucer’s Richard Milner, Atrium’s John Fowle, MS Amlin’s Clare Constable and Nephila’s Adam Beatty will join the board.
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A new cutover date will only be decided once key activities are completed or near completion.
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Léger will work as chair and Neal as vice-chair of the reinsurance advisory board.
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A standalone syndicate could offer capital, trading, and licensing advantages.
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Reinsurers “weren’t getting paid” before 2023’s hardening, the Lloyd’s executive argued.
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Beazley CEO Adrian Cox said that the carrier’s growth rate would slow as market conditions shift.
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The MGA will focus on deals in infrastructure, technology, logistics, healthcare and financial services.
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The Cut-over Review Committee will review the readiness of the London market.
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Self-insurance has taken $25bn more premium out of the market than five years ago.
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The Lloyd’s vehicle will focus on its existing spread portfolio.
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In this episode, Hiscox London Market CEO Kate Markham discusses the carrier's AI lead underwriting project with Google Cloud, and the opportunity the insurer sees underwriting energy transition business in the Lloyd's marketplace.
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New business is arriving, but the captives market is not a priority target.