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Ditte Deschars will be moving into the chairperson role for EMEA. -
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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In the second part of our themes for 2024 outlook, we explore how fear of missing out in cat reinsurance is still contrasting with an upstreaming of risk that is creating fallout for primary insurers, while momentum in facilitisation and ESG continues.
