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Demand and growth opportunities remain ample despite competitive pressures. -
Parent Aventum said co-CEO Paul Richards remains with the business.
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The executive previously held roles at Capgemini, The Hartford and AIG.
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He will succeed incumbent president Kadidja Sinz.
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Sources said the downstream energy market is unlikely to turn a profit in 2025.
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Partner Neo Combarro announced his departure on LinkedIn in May.
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The Bermudian investor already owned a 1% interest in the NY-based MGA platform.
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Willis has been adding brokers to its aviation unit in Europe and the US.
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The availability of capacity remains the market’s key driver, the broker said.
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Rates continue to drop as capacity is ample, the broker said.
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