Aon
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The most extensive damage was caused by rainfall in Texas, Louisiana, Mississippi and Florida.
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Eric Paire has been at Aon since 2018, having joined from Guy Carpenter.
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The broker said 1 April Japanese renewals reinforced positive trends in the US at 1 January.
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Sources cited numerous issues with how collateral protection insurance was designed.
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Natural-cat-exposed business saw significant price increases.
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The pair hail from Miller and Aon respectively.
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The exit follows the broker moving its Climate Risk Advisory function into its Risk Capital segment this year.
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He was executive managing director in Aon’s wholesale treaty team.
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Mike Smith will step down from his role on 31 March.
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The end of the waiting period effectively clears the path to close in the US.
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The executive will lead strategic initiatives and hire talent.
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The broker has been adding to its capabilities in the region.
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The pace of price decreases has eased since Q2 last year.
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The broker wants to “draw a line under the issue” and trade forward.
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Growth driven by 14% expansion in reinsurance solutions division.
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Convective storms cost more than ever, but activity was not exceptional.
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The committee claims Chaucer waited until it had ‘maximum leverage’ over other debtors.
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The investment comes in exchange for a $49mn surplus note from HOA and the acquisition of HOA’s rights to potential claims stemming from the Vesttoo fraud.
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Jose Antonio Álvarez served as group CEO of Santander from 2015 to 2022
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The transaction would have been one of the largest the market has seen for years.
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The broker’s latest climate report tallied global insured cat losses at $118bn.
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The executive will lead for the EMEA region in its strategy and development business segment.
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