Starr
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Carsten Nawrath joins the carrier after leading Swiss Re’s general aviation and aerospace business in EMEA.
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“Ransomware is an epidemic and unless we stop it, it will continue to grow," the senior underwriter said during a conference Thursday.
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Size of payout will depend on whether CBI sub-limit of $100mn holds, with insured seeking $450mn.
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Andrew Hopper was a senior client executive for Marsh’s finpro practice.
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Nine retail brokers will distribute SkyWatch.AI products.
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Carmella Capitano will serve as head of primary general casualty-risk management and lead Starr’s excess casualty team.
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Policy limits in the class of business have not changed since their introduction in the 1980s.
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Projected premium volumes are expected to be broadly flat at just under $300mn of premium. -
The carrier will underwrite risks including hull and liability, airport liability and product liability.
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Harrell replaces Ed Beckwith at Syndicate 4711 as he adds to existing roles of head of international insurance and global head of marine.
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The former AIG CEO has warned the country must offer reciprocity on international trade.
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The deals are the latest evidence of a shift in aviation market capacity.
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