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The underwriter will work out his notice period at Chaucer, which remains active in the natural resources class.
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It emerged in March that Tim Welsh was leaving MS Amlin after almost three decades at the business.
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The news follows months of speculation in the energy market about James Grainger’s plans after his resignation from Munich Re.
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The pair will be responsible for managing underwriting activity across their respective lines.
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Ben Kinder, the recently appointed CUO of marine, energy and renewables, will lead the consolidated team.
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Larger wind turbines are driving up the cost of claims in the renewables sector.
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The executive said surging demand for coverage would address the supply-demand mismatch in the renewables space.
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The business is looking to become a lead presence in green risks in London, following Syndicate 457’s exit from oil and gas business.
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The move marks a return to growth in fac for the broker after heavy talent attrition during Aon’s attempted takeover.
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The loss hits a market grappling with social and economic inflation, plus increased reinsurance costs.
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The carrier made the statement following a news report which said it was renewing the policy.
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The offshore construction market was identified by the broker as being “inherently unprofitable”.