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The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets. -
The promotion is effective as of January 1.
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The investor has paid in an extra £12.5mn for an additional 5% holding.
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The global broker has beaten off competition from AJ Gallagher, and a number of other strategics.
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The broker expanded margins and grew earnings per share by 17% during the quarter.
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Bullying and sexual harassment were the most commonly reported incidents.
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More broadly, the firm is looking at over 100 potential mergers in its pipeline, with ~$1.5bn acquired revenue.
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Overall, insurance rates fell by 1%, led by competition in property.
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European property cat rates stabilised and, in some cases, decreased this year following corrections in 2023.
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Continental cedants are looking for support for third and fourth events.
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DeWitt was recently VP of financial planning and analysis and head of investor relations at Marsh.
