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Apax and Carlyle will continue to back the broker consolidator. -
In the US, the index fell 6.7% year on year.
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The MGA will write natural resources professional liability business.
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Renewable energy premium written in London and international markets amounts to $2bn.
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Parent Aventum said co-CEO Paul Richards remains with the business.
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Partner Neo Combarro announced his departure on LinkedIn in May.
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Marsh’s property book saw an average decline of 9% in Q1, a trend that appears to have continued through Q2.
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The availability of capacity remains the market’s key driver, the broker said.
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The challenge now is balancing top-line growth with underwriting discipline amid falling rates.
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Rates continue to drop as capacity is ample, the broker said.
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