Howden
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Pricing in the D&O market is starting to flatten after several years of steep decreases. -
The broking group also increased its euro loan by EUR160mn to EUR1.16bn.
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Rowan Douglas steps down as Howden climate risk CEO, stays on as senior adviser.
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Clive Strickland previously worked at Gallagher, where he had been a partner since 2020.
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Mark Wood chairs Howden Asia Pacific and Howden Private Wealth, and is deputy chair of UK&I.
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The transaction is expected to close early in the first quarter of 2026.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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Marsh has accused its former execs of flouting a preliminary injunction.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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A motion by defendants to dismiss the case was also denied.
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The move comes after the withdrawal of a complaint in the Delaware court.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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Marsh is also suing a second tier of former Florida leaders.
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The broker will join Ron Borys’ financial lines team.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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APIP is one of the world’s largest property programs.
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The London MGA is considering various options, including a minority investor.
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Plus, the latest people moves and all the top news of the week.
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Ben Hanback joins from Aon, where he spent almost a decade.
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Howden is facing fallout from its push into the US retail market via mass hires.
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The broker will report to Howden US CEO Mike Parrish.
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After six years as CFO, Mark Craig is taking on the position of chief investment officer.
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Manuel Perez will continue in his ongoing role as head of cyber for LatAm.
