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The GBC in London will be led by Mark Parker, supported by Cynthia Beveridge, as Joe Peiser moves to London.
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The senior broker said it will take time for clients to return to the market.
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To help you keep track of investment activity in the UK's private broking sector, Insurance Insider has mapped out the important relationships between the key players and their capital providers.
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Unity will provide $50mn of coverage supporting the export of grain and other commodities.
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Interim UK CEO Kate Roy will step down from the position but retain her role as group COO.
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The deal comes over a year after this publication revealed that the companies were in takeover conversations.
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The broking executive had a key role in the launch of Marsh’s Fast Track facility.
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Marsh cites its primary listing on the NYSE, along with the costs and administrative burdens of listing on LSE, as reasons for delisting.
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The unit almost doubled its organic growth rate from 11% in Q2, while in Q1 the division posted 12% organic growth.
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Current cyber brokerage leader for the US and Canada, Meredith Schnur, will succeed Reagan as cyber practice leader, US and Canada.
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Last week, this publication revealed that Howden agreed to pay Guy Carpenter in excess of £50mn ($61mn) to settle the poaching suit related to Massimo Reina and a defecting European team.
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Concern around prior-year loss development and social inflation is impacting the market.
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The executive brings more than 25 years of global reinsurance broking experience to the new company.
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Bohm joins from Swiss Re Capital Markets, where he was head of structuring for the Americas.
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Pat Tomlinson will also step into the role of president and CEO of Mercer and vice chair of Marsh McLennan when his predecessor, Martine Ferland, retires in March 2024.
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It is understood that Padin will take on a treaty role overseeing client relationships across LatAm and the Caribbean while Martinez will lead fac re for Central America.
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Mark Shumway joins from Howden Capital Markets, where he has been managing director since 2020.
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Mark Jenkins becomes chairman of the global credit and political risk team.
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Francisco Torres joins UIB as CEO of the Miami operation after a stint at Price Forbes and Ed Broking.
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The rebrand aims to unify and simplify the business structure under a single global executive.
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The leadership change follows Howden’s landmark acquisition of TigerRisk at the beginning of the year.
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The former owners of AFL Insurance Brokers have been ordered to pay damages totalling £6.1mn after being found guilty of fraud and of breaching director duties.
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The news comes a few weeks after this publication revealed that UIB was in advanced discussions to take over local broker South Re.
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Nichols joins from Aeolus Capital Management, where he’d served as a portfolio manager after previously spending nearly a decade at Guy Carpenter.
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