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Carriers expect a rise in the severity and frequency of claims over the next two years. -
The carrier has entered several new classes recently, including specie and reinsurance.
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The MGA has been through a remedial exercise under Acrisure’s ownership.
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The unit will include both ocean and inland marine coverage.
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The claim hits the downstream market following a loss-hit start to the year.
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It is the second deliverable of the FIT Transition Plan Project.
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The new chair said the market must adapt for 2030 and beyond.
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The changes affect operations in Switzerland, Bermuda and the US.
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The managing agency is offering 62p per £1 for 2026 YoA capacity.
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The measure could have landed insurers with extra tax on US business.
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The aerospace, energy and marine markets all sustained multiple significant losses in H1.
