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The brokerage firm said that $4bn increase comes in addition to the $500mn remaining on its existing share repurchase program.
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Daniel Butzbaugh will work at the company’s New York office and lead its cat and industry loss warranty transactions.
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Matthew Burton will work as a senior vice president for business development and Paul Fry as head of London office.
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The midpoint for the estimate is around $97mn above the company’s pre-tax cat load, with $75mn resulting from Hurricane Ida.
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The carrier has been reshaping its senior leadership team since Adrian Cox took on the helm of CEO.
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Aon made internal announcements on a rebrand last week, as the broker forges a new path after ending plans to merge with Willis.
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In his new role, Stanley Cochrane will work across the across the natural resources, climate risk and resilience teams.
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A total of 33 managing agencies have entered into agreements directly on the Tremor market.
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The stock throughput specialist has worked in the London market for more than 35 years.
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This year’s nat-cat losses are hitting harder for reinsurers, as the top three events are larger in scale than any since 2017.
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