Pol risk, credit & surety
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Former Ryan Specialty Group and AIG executives join Nexus to lead the alliance.
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Mann has been at QBE since 2008, having started out as a corporate counsel.
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Brokers and underwriters say a reinsurance backstop scheme could increase the availability of cover for small businesses decimated by Covid-19.
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The MDP-backed buyer strikes a simultaneous capacity deal with Crum & Forster.
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US trade credit insurers have already cut capacity by 14% since the start of 2020.
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LiquidX is a trade finance and trade credit insurance exchange that has executed more than $21bn in trades since 2016.
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More than 20 trade associations write to Treasury Secretary Steve Mnuchin.
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Curfews were imposed in 40 cities with National Guard being deployed in 15 states and Washington DC.
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Rioters in Minneapolis defy military imposed curfew.
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Euler Hermes, Atradius and Coface collaborate with state agency Export Development Canada.
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Within specialty, political risk is the sole line tipped for increased premiums. -
The Bermuda carrier will take a 29.5 percent slice of the listed trade credit insurer but rules out a full bid for at least 12 months from the deal closing.
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