Aon
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The broker’s report highlighted that trade credit underwriting is considered “flexible”, with limits increasing and coverages broadening in this class.
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The broker has reported successive slowdowns since price increases climbed to a peak in Q1 2020.
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The broker said there was increased demand for coverage from international clients.
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Shares in the broker are up by 4% after it comfortably beat analyst earning expectations.
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The broker grew organically in all divisions and comfortably beat analyst earning expectations by 11%.
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Dennerståhl will be based in Stockholm and lead a team of over 80 staff when she joins later this year.
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The broker joins after a brief spell at Aon, where he was head of EMEA business development.
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The executive said the pandemic had ratcheted up the level of volatility faced by clients.
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Katy Whelan joins from Deutsche Bank, where she was COO of its corporate finance division, while Charles Stuart joins from WTW, where he was strategy head for WTW GB.
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Stefan Weda will also take on the role of head of CRB for WTW Netherlands.
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The brokers will have until early 2023 to settle the case via private mediation or the case will move forward to a jury trial that could last between seven and 10 days.
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The executive has more than 25 years’ experience working in banking and asset management.
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