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The executive was previously head of excess casualty, North America. -
The company has struggled in reinsurance, while large claims dragged down D&O results in Q2.
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WTW is “particularly interested” in growing markets like wealth management with bolt-on M&A.
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Specialty casualty now accounts for around 22.2% of its insurance business mix.
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Nicolau Daudt will become global specialty CEO, as previously announced.
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Scor's CEO said the P&C market had experienced a “competitive” first half.
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The firm will target mid-market risks with TIVs of $25mn-$1bn.
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Nationwide will delegate management of the policies to Ryan Specialty.
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Sources have identified facilities as a different source of rising commissions.
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The P&C segment posted an 82.5% combined ratio for the quarter.
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Everest booked $98mn of aviation losses related to the war, which contributed 2.5 points to the consolidated CoR.
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The Bermudian said its pursuit of SMEs through M&A will provide sustainable improvements to its bottom line.
