Aon
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Customer cost savings will be generated through increased efficiencies rather than brokerage cuts.
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The new vehicle will cut negotiating times while providing contract certainty.
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The executive left Aeolus last year having been with the fund manager since 2009.
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"Signs of fatigue" are showing in the market as pricing hardens slightly.
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Gero Michel will report to head of capital advisory Eric Paire.
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The development follows news that the start-up's HQ will be inside the Lloyd's Building.
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Despite shrinkage of the overall pool, new capital providers have entered the market in recent months, the ratings agency said.
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The reinsurance broker said cyber incidents so far in 2019 already exceed the full-year totals in 2015 and 2016.
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Practice group chairman Roger Smith says the unit will help the broker respond to clients’ needs strategically.
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Starr and USAA CEOs also agree to promote benefits for staff, customers and communities in leading their companies.
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Ariel Duris said heavy regulation means the industry submits fewer claims than other sectors.
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In recent years the executive has focused on developing bespoke capacity for the needs of composite buyers.
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