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The executive said the pandemic had ratcheted up the level of volatility faced by clients.
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The acquisition comes after the group bought WDB in 2020.
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The broker went on a hiring spree in 2021, a year that also saw the business post its best-ever results.
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The businesses will be rebranded from 31 January, which Gallagher said “completes” the integration of the firms.
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The Richard Watson-led carrier will enter a class that has undergone a period of substantial rate rises.
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Trade bodies shared concerns today on the London (re)insurance market’s global competitiveness, in the first session of a House of Lords inquiry into regulation.
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London market intermediaries are benefiting from rocketing organic growth and boosted revenues.
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The broker said terms and pricing were not significantly impacted by new capacity from oil and gas players.
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In the upstream market, benign conditions are expected in 2022 as commodity prices increase.
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Michael Morgan will take over as head of professional liability in the latest management change at the finpro practice.
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Also high on the association’s agenda for 2022 is working with the FCA and HM Treasury on a future regulatory framework.
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The team specialises in providing cover in conflict-affected territories.
