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The broker testified in Congress in support of the renewal of the Terrorism Risk Insurance Program Reauthorization Act.
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Stephen Catlin and Paul Brand’s start-up continues to build out with arrival of the segment leader from StarStone.
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The new unit will be based in Dubai and headed up by former Travelers senior underwriter Robert Rider.
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The partners want to increase the take-up of insurance among SMEs.
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The MGA has hired Becky Steel and Dan Moorcraft to launch the new product.
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AM Best says it will actively monitor exposure to US terrorism risk starting in mid-2019.
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Market sources anticipate a claim of more than $7.5mn for the Shangri La Hotel.
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Sometimes we are so busy and have our heads down in the detail of what we are doing day to day that we fail to see the big picture.
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The now-roughly $20mn market could one day swell to $2bn, according to a McGowan managing director.
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UK government-backed terrorism reinsurer Pool Re has joined with two state agencies to launch an information sharing platform to increase businesses’ resilience to terrorism.
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Munich Re-led programme wraps around £75mn terror cat bond.
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Julian Enoizi, who was instrumental in bringing the £75mn Baltic Re terrorism cat bond to market, said using ILS for an exotic risk was “a long journey”.