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The start-up makes its first appointment directly from Hiscox, where Inigo founder Richard Watson worked as CUO.
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The management liability market underwent huge hardening last year as major carriers withdrew.
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The appointment confirms the carrier’s prospective involvement in the rapidly hardening market.
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The return to the office and perceived slow business recovery could also lead to claims.
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The appointment reflects a diversification push at the carrier.
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The broker will add a Belgian office alongside its London operation for post-Brexit trading.
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Soaring rates in the D&O market have prompted a string of underwriting people moves in London.
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The insurer said that stripping out the effects of Covid-19 from counterfactuals would over-indemnify policyholders.
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The insurer has a strategy of becoming a leading management liability insurer in the UK.
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Mike Newson will lead the division as PI and financial lines manager.
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The new capacity will be welcomed by brokers and clients as conditions continue to harden.
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Bermudian’s Lloyd’s platform to begin underwriting class by early 2021.