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The underwriter resigned last year and had been due to launch a renewables book at Globe Underwriting. -
Overall, insurance rates fell by 1%, led by competition in property.
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The vehicle will leverage global reinsurance market capacity in the event of a natural disaster.
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Chandler stepped down as CEO in January to take the role of vice chair.
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Risk managers are increasingly concerned about insurability.
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Chris Cane and Jaime Hunwicks join from Talbot, Jonathan Bint from Chaucer and Molly Ashcroft from Axis.
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Robert Rechtern has spent the last two years at Lockton as head of A&H, sport & contingency.
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The firm still expects to deliver positive net income for Q3 2024.
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The investor backed two further underwriting agencies after the reporting period.
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The regulator alleges customers were promised discounts they did not receive.
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Some reinsurers are considering frequency protection products.
