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The protection gap must be closed before a public cyber reinsurance scheme is possible. -
Susan Langley will look to strengthen global business ties and promote UK growth.
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The executive has been with ASG since it was formed in 2016.
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The Corporation’s chair laid out plans to make Lloyd’s a preeminent market in the long term.
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The measures also seek to encourage greater wildfire mitigation efforts.
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The assistant treasurer is also due to review the Australian cyclone pool.
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The affirmations reflect Everest’s strong underwriting diversification.
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The carrier notified California regulators that it would stop renewing plans starting last month.
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Lloyd’s will keep heritage systems operationally resilient until at least 2030.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
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The violations included not using propertly appointed adjusters and failing to pay claims.
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