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The plaintiffs – three former claims adjusters – were each awarded $25mn in punitive damages. -
Pauline Morley will report to John Van Decker, head of global financial lines.
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The US regulator faces litigation from both sides of the climate issue.
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A total of 30 carriers entered the US public company D&O space in 2023.
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Chres Lee was previously M&A counsel for Liberty Global Transaction Solutions.
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Given ample capacity and no sharp increase in demand, a market sea change is not expected, barring an unforeseen economic event.
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WTW said the rise of the risk from health and safety was “surprising”.
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This continues a consecutive quarterly gain of over 6%.
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The MGA will be offering $10mn limits for $300mn-$10bn companies.
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Executives at D&O Plus said the pain from deploying those limits is being felt.
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The ratings agency said growing competition has led to lower pricing.
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The broker has been adding to its capabilities in the region.
