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The bodies said that the benefits of diversity and scale would help improve coverage. -
CEO Trevor Carvey said the revision reflected Conduit’s “favourable reception”.
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Reducing duplication of reporting is key, the association said.
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The scheme has been pushed back by three months to 31 March 2025.
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The firm said the UK hub demonstrates its commitment to expanding in Europe.
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Cybersecurity basics could reduce cyberattack costs by up to ~75%.
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Insurance will be one of five priority growth opportunities in financial services.
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The minister highlighted London’s critical mass of expertise and tech innovation.
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Credit insurers may need to adapt their business mix, client base and types of deals underwritten to stay relevant.
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The scheme will not be in place for 2025 as government discussions grind to a halt.
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A canvassing of the market showed some bifurcation on the necessity of a government backstop.
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The ratings agency said the upgrade reflects an improvement in GIC Re’s balance-sheet strength.
