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CFO Vogt added that the vehicle’s impact from earned premiums should ramp up from 2026 through 2029. -
The insurer paid tribute to the executive’s lasting contributions to the firm.
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The fundraising structure for the deal includes a $600mn Convex debt raise.
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The broker will join Ron Borys’ financial lines team.
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The broker has more than 20 years’ experience in the energy market.
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Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
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A roundup of all the news you need, including our interview with Starr co-CEO Jeff Greenberg.
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The broker said it was on track to hit its financial goals despite macro uncertainty.
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Greenberg has strong links with IQUW management, and praised the firm’s leadership and cultural fit.
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The revised outlooks reflect the difficult moment as Everest moves away from retail.
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In insurance, premium growth came from all lines of business except cyber.
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