Brokers
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A thriving competitive intermediary market is what keeps London fresh.
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This publication revealed the appointment in November last year.
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Eric Paire has been at Aon since 2018, having joined from Guy Carpenter.
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The broker attributed increased capacity to improving profitability.
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This follows the broker’s report last year, which also found a “notable uptick” in claims.
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Leahy has worked in the London market for almost a decade.
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The RfP covers the CEA and/or the California Wildfire Fund.
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If you only read a handful of stories this week, make it the selection below.
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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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The former MS Re CUO brings over 30 years of industry experience.
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Mike Smith will step down from his role on 31 March.
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Ryan entered into a £200mn currency forward to manage the appreciation risk of the Castel deal.
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The broker had approached underwriters to consult on additional brokerage of 0.5%.
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The end of the waiting period effectively clears the path to close in the US.
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The broker’s $47bn DoJ fine had “no material impact” on profits.
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The ratings agency said P&C insurers must "push through" price increases.
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Plus all the latest executive moves and the top news of the week.
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Howden acquired a majority interest in Mexico’s Adrisa in 2020 and Grupo Ordas in 2017.
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Investors are still keen on UK broking – but they may expect more for their money.
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The probe concluded in Q4 last year, according to Gallagher’s 10-K.
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The hire has 20 years’ experience in asset management and corporate finance.
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The CEO said winning back clients “validated” the broker’s approach.
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Ditte Deschars will be moving into the chairperson role for EMEA.
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The transaction will reduce the firm’s reliance on private debt deals.
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The executive has headed up Marsh’s Pacific region for the last four years, having joined via the acquisition of JLT.
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A deal would mark Amwins’ second LatAm sale, after this publication revealed that Lockton acquired THB Brazil last May.
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The executive will lead for the EMEA region in its strategy and development business segment.
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2023 was the fourth consecutive year insured cat losses surpassed $100bn.
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In October 2023, it was announced that Powell was leaving Marsh to join WTW as the broker’s global chief claims officer.
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Discussions include insuring military risks in the field of air and business travel to Ukraine.
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Wind and tornado in the US may already have led to losses in the hundreds of millions, according to Aon’s report.
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The broker grew by 35% in 2023 and is looking to reach gross written premiums of $1.4bn by 2026.
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The incoming executive previously spent 17 years at AIG, most recently as head of financial lines for MENA.
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