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Parent Aventum said co-CEO Paul Richards remains with the business. -
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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Plus the latest people moves and all the top news of the week.
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Clients are increasingly using captives because of uncertainty around long-term capacity commitments.
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Gallagher, Marsh and Aon also faced sizeable outstanding premium payments as at Q4 2024.
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The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
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