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Under the arrangement, up to $200m of capacity is available for hull and P&I risks, with a separate $200m dedicated to cargo.
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Once integrated, First Street's capabilities will be folded into MSCI's existing climate and geospatial tools.
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In an interview with Satarupa Bhowmik, Sapiens CRO James Hannay calls out the industry’s failure to move AI past boardroom talk into real deployment and signals a “widespread appetite for change”.
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GlobalData surveying found that 36.4% of motor insurance consumers and 38.5% of household insurance consumers pay for their policies on a monthly basis.
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Alongside the office launch, the company has appointed David Carpenter as director of Howden Re Ireland.
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Simon Schäfer, who will be based in Vienna, will replace Eduard Billovits.
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