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But the ratings agency warns that pandemic exclusions, along with legal disputes, are damaging the industry’s reputation.
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The reinsurer was placed under review in March amid turmoil in its management.
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Carriers have raised $19bn so far this year, with another $3bn in the pipeline, the broker says.
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The outcome of the appeal and a planned new BI test case will be significant for reinsurers.
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One top-tier broking source claimed that across the market, claims were being settled in two-thirds of the usual time.
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Based in Zurich, the former Schroders executive will become senior property underwriter for France, Benelux, Iberia and Africa.
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The regulator ordered potential rebates in June after deciding lockdown measures meant some contracts offered little value for money.
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The German carrier pegs the full-year impact of the pandemic on its reinsurance operations at EUR3.4bn.
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Disagreement over cyber wordings in named-perils cover joins the list of issues creating friction ahead of 1.1.
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The club reported a combined ratio of 102.2% for the first half of 2020, and an underwriting deficit of $2.2mn.
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One Lime Street will be open to all classes of business on Tuesdays, Wednesdays and Thursdays from 2 December.
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Joint research finds that remote working has challenged the London market’s ability to innovate commercially.