Property
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Plus the latest people moves and all the top news of the week.
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Property underwriters warn of complacency in how quickly margins can erode.
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Will Curran joined the Lloyd's syndicate earlier this year.
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Taiwan’s strongest earthquake in 25 years caused damage to facilities for chipmaker TSMC.
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The facility automatically follows the lead market which offers the lowest quote.
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InsurX has grown its capacity beyond £100mn after adding D&F to its existing contingency business.
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The average risk adjusted rate increase is hovering at about 2% for clean business.
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Transatlantic competition, rising valuations and price undercutting set a challenging scene.
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The value of the bridge is estimated at $1.2bn.
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On average, risks are being placed in a range of flat to up 5%.
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The carrier confirmed the appointments of Barrett and Tinworth to the property team.
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InsurX launched into the D&F market earlier this month and plans to facilitate the placement of around $30mn of property D&F business.
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