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As 2024 draws to a close, we reflect on the events of the year for the London market. -
Swiss Re has retreated from its “escalation clause” for the Middle East.
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Jelle Ouwehand joined Arch from Marsh, where he was a senior terrorism, PV and war broker.
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A significant amount of new capacity has flowed into the political violence and terror market in recent months.
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Chris Cane and Jaime Hunwicks join from Talbot, Jonathan Bint from Chaucer and Molly Ashcroft from Axis.
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The political violence market has seen a flurry of new entrants in recent months.
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Contrary to expectations that US casualty would dominate the conversations, Milton took the spotlight.
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Geopolitical conflict could expose the global economy to $14.5tn in losses.
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Many insurers have cut back lines in Lebanon, although larger insured sums are at stake in Israel.
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The business recently hired former Occam PVT underwriter Nicholas Stevens.
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The underwriter has spent a decade at Chaucer.
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PVT business has been attracting new capacity after recent rate increases.
