Starr
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The Boeing cargo aircraft was wet leased by Emirates. -
There has already been an influx of new capacity from MGAs into the power market.
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The international casualty director has worked at Axa XL, Ive and Ardonagh.
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Starr and Axon also are among those exposed to the Marsh USA-placed $40mn line.
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The MGA is building out its product base from its latent defects and surety offering.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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London-based US excess casualty writers are increasingly looking to attach lower in the tower.
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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The upstream market has undergone a period of high personnel movement.
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Claims in recent months have brought a period of benign loss activity to an end in the class.
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Starr-leads the WTW-placed all-risks cover for American Airlines.
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Chris Nixon has been promoted to underwriting manager, executive & professional lines, UK.
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Starr is understood to be one of several carriers to reach an in-principle agreement with AerCap.
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The business recently hired former Occam PVT underwriter Nicholas Stevens.
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He will oversee the firm’s casualty business outside the US.
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A roundup of all the news you need today, including Lloyd’s chairman candidates.
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Hopper joined Starr in 2019 and previously worked at Marsh and Zurich.
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The global segment leader for power generation moves to Tokio Marine HCC soon after his colleague Nicola Hannay.
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She joins the D&O team in London following the exit of senior underwriter Tim Carpenter, who is joining BHSI.
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The firm has also appointed Sean Chen as CEO of Starr International Insurance, Singapore.
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BHSI grew to be one of the largest writers of D&O in London during the hard market of 2020 and 2021.
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AIG’s head of commercial D&O in the UK, Christopher Magee, is leaving the business to take up a role with Starr in the US, Insurance Insider can reveal.
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Corton has worked at Hiscox since the end of 2020 and is the chair of the LMA’s Joint Cargo Committee.
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The underwriter joined CNA Hardy last year amid a flurry of people movement in the D&O market.
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The appointment comes amid a flurry of personnel movement in the A&H class of business.
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The move comes as the London market continues to suffer from a lack of cyber capacity.
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In his new role, Colin Buchanan will manage a team of 14 underwriters writing cyber, D&O and general liability.
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Incoming capacity to the marine market over the past year has led to an easing in rating momentum.
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The case is the latest US suit regarding whether physical damage is required to trigger BI payouts.
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Plus the implications of the X-Press Pearl sinking and all the top news from this week.
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The insurer has been expanding its marine presence in London.
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The recruit, who was previously Catlin’s cargo class underwriter, will join the company on a temporary basis as it builds in London.
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The new director brings experience from AM Best, Generali and Lloyd’s, among other companies.
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Coronavirus’ unwanted record; John Neal speaks out; structured credit freezes up.
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Former QBE executive Juan Carro Arbelo will be insurance regional manager for Iberia.
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Former Swiss Re aviation executive Paul O’Ryan is set to join the business.
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The Civil Aviation Administration of China account has an annual premium volume of about $85mn.
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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.
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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.
