D&F
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The syndicate exited the class in 2021 at a time when the Lloyd’s market was in the thick of its performance drive and Decile 10 exercise.
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The loss is expected to be absorbed by the domestic Canadian and London markets, with Lloyd’s taking a relatively heavy share of the placement.
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Mark Herget joined Fidelis in April 2020 as an underwriter before being transferred to its Bermudan operation in November of the same year.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The exit in London comes at a time of wider market discussion around the adequacy of cat pricing.
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The claim from the TASB Risk Management Fund is one of the first pieces of loss information to come to light following the Texas deep freeze.