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The estimate covers property and vehicle claims.
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Part of the syndicate’s premium for clinical-trial-funding cover will move to Syndicate 1902.
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The executive has worked for JLT Re, Lockton Re, Willis Re and US Re.
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The Hannover Re CEO said rate adequacy remains “attractive” overall.
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Steven Crabb will become deputy chairman on the insurance solutions division.
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The company has recently made several senior changes to its UK and Lloyd’s leadership.
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Ex-Tysers chairperson Dan Lott heads the consultancy as CEO.
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In trying to solve multiple needs, specialty reinsurance opens up complexities.
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California wildfires were the reinsurer’s largest H1 loss, at EUR615.1mn.
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This publication revealed two years ago that EQT could lodge a $1bn claim.
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Rachel Sabbarton has been promoted to CEO at Lancashire Syndicates.
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A number of staff will be leaving the D&O team as a result of the restructuring.