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The lead market says it believes in the long-term viability of the sector, which has suffered heavy losses due to Covid-19.
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Chief investment officer Dan Topping describes the targets as a financial lines specialist and a “tech-enabled” business.
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The information-gathering exercise for large insurers and banks won’t dictate capital requirements.
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An international competitiveness duty for regulators and measures to promote the UK as a captives centre are among the trade body’s demands.
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The CEO said he had “no regrets” in taking the radical actions needed to stem losses at the unit.
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Brokers were informed on the final working day before the 1 June renewal that the MGA would not be able to honour renewal quotes for cyber clients.
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The underwriting executive will oversee lines including cyber, D&O and casualty.
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The transfer, which includes most of the Hiscox USA surplus lines broker business, secures coverage of Hiscox reserves valued at $520mn.
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The advisory firm’s appointment cements plans for a global political risk, surety and trade credit business.
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Protestors are calling on the insurance industry to “stop supporting” the controversial West Cumbria coal-mine project.
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The SIAB has abandoned the project, with no other syndicates currently involved.
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Proposals for a secondee system using a UK branch look unwieldy.