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But cat bonds are experiencing negative secondary market price movement. -
Bolding will focus on aligning Gallagher Securities with Gallagher Re.
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The carrier is likely to exceed its Q1 large-loss budget due to the California wildfires.
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The carrier reported expansion in financial lines and marine.
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The restructuring arrangement is designed to protect creditors.
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Andy Taylor spent more than 25 years with the company.
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The agency cited the group’s increased earnings diversification and improved resilience.
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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium.
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At 1 January renewals, prices dropped 5%-15% for loss-free programmes.
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The executive has worked in a variety of senior underwriting roles at the reinsurer.
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The executive spent 43 years with WTW before joining Gallagher through the Willis Re sale.
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Miller said the purchase would be its most significant since returning to independence in 2021.
