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The intermediary also warned that inflation headwinds could affect the future cost of claims. -
Klein joined AGCS from Zurich in 2015 and worked on the alternative risk transfer team and on insurance linked securities transactions.
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Competition is intensifying, with increased London market appetite one of the drivers.
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Walsh will manage the existing book and also have a remit to develop new programs and improve operational efficiencies.
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The firm reported an industry-wide loss of $36.8bn caused by the pandemic, up from $29.5bn in Q3.
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The hires come amid an exodus of talent from Willis to corporate broking rivals.
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One carrier is dealing with 120,000 claims, while another is handling 50,000 losses RPS said.
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Jeff Irvan spoke of an analytics “arms race” among reinsurance intermediaries.
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The restaurant chain is seeking over $50mn from the insurer to cover expenses arising from Covid-19.
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Binding insurers include Chubb and AIG, with reinsurance from Munich Re.
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The bill sets out changes to roofing cover and changes attorney compensation structures.
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The new law raises the burden of proof required for claims to succeed and introduces a one-year time limit.
