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It is understood that Marsh brokered the tower, which is exposed to claims from a 2024 breach. -
The company has hired Axa XL’s Irvine to lead the new platform.
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The company is expanding availability of its large enterprise offerings.
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The Gallagher Re executive called on the market to “prepare to grow sustainably together”.
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While significant, the fires are expected to be an earnings rather than a capital event for the industry, John Huff, CEO of the Association of Bermuda Insurers & Reinsurers, said.
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Tactics underwriters employ to manage cyber risk are maturing, as well.
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The investment supports Coalition’s goals for its active insurance offerings.
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Other digital distribution platforms, including ProWriters and SportsInsurance, are also exploring a sale.
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A quick roundup of our best journalism for the week.
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Insureds, however, are often reinvesting savings into purchasing increased limit.
