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Charlton joins specialist construction MGA from Consort Technical Underwriting Managers. -
The move comes ahead of a planned sale of Wefox’s insurance business.
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High-net-worth binders and treaty exposures will bring significant claims to Lloyd’s writers.
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Daniel Moruzzi joins from Ascot and Matthew Cope joins from Aon.
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The 2024 loss figure exceeded that of the previous record of C$6.2bn in 2016.
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The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
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The broker said the market had entered a ‘new normal’ after $2bn+ losses
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The pair have joined from Ryan Specialty Group’s Castel.
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Outgoing chief Søren Scheuer will become a non-executive director.
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Investigators are homing in on the likely causes of the incidents.
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It has been a “good” bad renewal for cat reinsurers, with attachments likely to endure in the medium term.
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The number of structures damaged may put the event on par with the fires of 2017 and 2018.
