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The underwriter will be based in Barcelona and focus on professional indemnity business.
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The SiriusPoint-backed business will focus on complex risks, such as IPOs, life science and SPACs.
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The business will be headed up by Tim Usher-Jones, a former Chubb D&O executive in the Canadian market.
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Tegron is one of several new entrants to the market, easing pressure on capacity in the D&O sector.
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The carrier said the appointments will help the insurer "grow its presence within the UK broking market”.
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Staff displacement has been high in the D&O market after a period of dramatic rating adjustment in 2020.
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The specialty insurer’s new division will underwrite global liability risks from its London office.
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New entrants have eased the capacity constraints that played a large part in last year’s huge rating changes.
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The carriers insuring VW’s D&O policies have agreed to pay out claims due to damage inflicted by previous executives in the emissions scandal.
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The expansive syndicate was one of several players to join the D&O market after dramatic rate rises last year.
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Falcon Risk Holdings will initially focus on financial and cyber lines in the US.
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Investors in London-based insurer include specialist InsurTech backer Mundi