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The deal multiple is understood to be around 15x adjusted Ebitda. -
The broker is launching a reinsurance arm in partnership with Bain Capital.
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The London market is not expected to shoulder the bulk of the eventual loss.
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Plus, the latest people moves and all the top news of the week.
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The new Lloyd’s chief of market performance also outlined target growth areas.
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Saul Nagus is the latest from Marsh’s aviation unit to join WTW.
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The modeller said the insurance market could be exposed to unexpected aggregations.
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The increased tariff on China trade could drive up the loss quantum on the SharkNinja recall and others.
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Robert Vetch joined the Lloyd’s business as CFO in 2019.
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BP Marsh has subscribed for a 49% shareholding in the start-up MGA.
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Corporates buying Lloyd’s syndicates face the culture/integration trade-off.
