Axa XL
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It is understood that Salcedo will join Aon as P&C treaty head for Colombia and Ecuador. -
The carrier has also promoted Jamie Pedro to head of specialty re, Bermuda.
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It is understood the marine reinsurance programme renewed largely flat.
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The executive replaces Andrew Brooks, who served two consecutive terms.
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Insurers must avoid being a “blocker” in development and financing decisions.
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The power market is experiencing double-digit rate reductions.
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Beazley is one of the key leaders in the London marine marketplace.
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The carrier has been exploring launching into P&C organically or via acquisition.
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The carrier is planning a limited relaunch into the UK D&O market.
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Tom Potter was global casualty underwriting manager for UK & Lloyd’s at Axa XL.
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The pair hail from Dale Underwriting and Axa XL, respectively.
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He was appointed CUO of casualty, Americas, in July last year.
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One of the options being explored is setting up a dedicated company for the wholesale vertical.
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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Donna Swillman is currently a senior underwriter at Axa XL.
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Aspen would give Sompo more reinsurance scale, more US premium and a Lloyd’s presence.
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This publication revealed yesterday that Sompo is currently in negotiations with Aspen.
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There has already been an influx of new capacity from MGAs into the power market.
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The company has recently made several senior changes to its UK and Lloyd’s leadership.
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AIG leads the all-risks cover and Axa XL is the hull war lead.
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The claim could add pressure to the hull war market after a recent High Court ruling.
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The exec said if he were a carrier CEO, now is the time he would start looking for deals.
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The carrier will focus on mid-market business outside of Lloyd’s.
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The carrier reported a below-budget cat experience, despite the California wildfires.
