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The Miami-based executive will leave in July after over four years with the (re)insurance broker. -
Regulation is one of the driving forces for most small brokers to sell.
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Michael Yeats will now lead the automatic reinsurance facilities division in the US.
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He will report to Kelly Superczynski, Aon’s global head of capital advisory.
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The consideration in this deal will also include $2.2mn of Ryan Specialty Class A common stock.
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The broker said the $125mn excess cyber vehicle is now the largest of its kind.
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Aon’s CEO said the business was formerly “very underweight” in the middle market.
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The practice aligns existing capabilities from Marsh Specialty and others.
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A fresh investor will be needed to put meaningful cash on the table for a US retail deal.
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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.
