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Errors and omissions claims made up 55% of all notifications, continuing a five-year trend. -
MillerBoost is the latest broker facility to launch in London.
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Although US pricing is improving there is pressure in other geographies.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
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Sources said NY-based Lee Equity is seeking to extend its investment in the TPA heavyweight.
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The underwriter has worked for RiverStone, Advent, Lloyd’s and AIG.
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The platform will capture and standardise data from all submissions, the broker said.
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The firm believes UK support for policyholders is under-served compared with the US.
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SRCC exposures are being studied more closely but fixing aggregation issues is a challenge.
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R&Q Gamma’s outstanding liabilities predominantly relate to the UK P&I Club.
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Air India has a multi-year insurance arrangement in place.
