Munich Re
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Plus the latest people moves and all the top news of the week. -
The carrier’s share price dropped 3.6% on its Q1 results.
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The executive said secular heightened risk trends would fuel the carrier’s primary expansion.
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The carrier booked EUR800mn in LA losses in the P&C segment.
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Simon Horton spent 10 years at Marsh before joining AIG last year.
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It is understood that Marsh brokered the tower, which is exposed to claims from a 2024 breach.
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Several insurers and MGAs have launched into the class of business over the past year.
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The executive has managed both casualty and personal lines reinsurance books.
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Reinsurance made up 12% of the syndicate’s 2024 GWP.
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Plus, the latest people moves and all the top news of the week.
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Ahead of the deal, Ergo owned a 29% stake in Next, which generated top line of $548mn last year.
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Some of the Big Four are slowing growth as the market softens.
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