A negligent slip on a listed fire precaution can defeat cover under a QBE contractors' liability policy, a judge found in a preliminary ruling. Whether the roofer actually breached the condition is still to be decided.
The Constellation Software unit said it will run the London-based business as three units, one dedicated to London Market bordereaux and delegated authority tools.
Two syndicates approved in principle in October add credit and reinsurance capacity, as ten new corporate-member companies appear ahead of the new year of account.
The average home and business insurance payout reached a record £10,000 even though the total number of claims fell 4% to 142,000, according to the ABI.
UK-domiciled organisations with turnover under £20m can opt in to £25,000 of cyber liability cover if their self-assessed certification covers the whole organisation.
The purchase covers BMS Intermediaries and BMS Capital Advisory and adds property catastrophe, medical malpractice and workers' compensation expertise.
The London-headquartered run-off specialist also entered into its first insurance-linked securities deal, covering portfolios tied to funds run by Leadenhall Capital Partners.