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Despite the limited exposure overall, Hiscox said that it has some exposure on its terror and political violence book.
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The CEO said that Hiscox had ‘negligible’ exposure in Russia and property exposures in Ukraine were heavily reinsured.
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CEO Ash Bathia told this publication that all business lines were contributing to the result, with property results exceptionally strong.
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The analyst said that a limited impact from the conflict is expected in other business lines such as trade credit, marine cargo and aviation war.
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The start-up said its survey shows that SPAC and de-SPAC claims would drive increasing litigation throughout 2022.
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The incoming senior vice president will be tasked with helping to build Sompo’s casualty portfolio in the London market.
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Amid pressure to adopt a remit to promote growth, the UK’s financial regulators may be forced out of their comfort zone.
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The situation remains ‘business as usual’ for Russian energy contracts, but a worst-case scenario could result in hundreds of millions of premium at risk.
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Executives have set out how firms can transition to the processing solutions being built under the joint venture between DXC, Lloyd’s and the IUA.
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It has also appointed Tim Spencer as head of sales for the UK and Ireland.
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The regulators set out their views to MPs on a proposed statutory objective to focus on the UK financial services sector’s competitiveness.
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Beazley’s head of specialty lines James Eaton will retire at the end of 2022 after 16 years at the carrier.