London Market
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Howden inked its biggest deal to date with its agreement to acquire Aston Lark for around £1.1bn.
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Marsh has bolstered its upstream energy division with the appointment of Thomas Burrows from Convex, Insurance Insider has learned.
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Demand is growing for insurance capacity to cover less carbon-intensive energy sources.
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The broker is looking to expand in the US and international markets.
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Figures from the International Underwriting Association’s most recent report shed some light on the movement.
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Global insurance firms’ efforts to help clients cut carbon emissions are detailed in the report.
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The investment will be used to develop Humn’s data capabilities, grow commercial teams and drive European expansion.
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The former leader of the House of Lords has advised the boards of several high-profile companies including JCB and PwC.
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Sources said the deal consideration was £1.1bn, confirming earlier reports by this publication.
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The partnership will open up Verisk’s data and analytics services to Hug Hub’s clients.
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The International Underwriting Association cites hardening market conditions, new market entrants and a transfer of business from Lloyd’s as drivers of growth.
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Distribution and strategic initiatives manager Oliver Davies will become head of distribution.
