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The three-year deal is expected to generate $200mn in GWP over the period. -
The firm still expects to deliver positive net income for Q3 2024.
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The investor backed two further underwriting agencies after the reporting period.
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The regulator alleges customers were promised discounts they did not receive.
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Aon executive Daniele de Bosini said reinforced infrastructure had mitigated the impact of recent disaster events.
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The broker is discussing the potential for "smart frequency solutions" with reinsurers.
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The business put up strong H1 numbers, and has named Christian Dunleavy group president.
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Paul Nolan is expected to join Globe in July 2025.
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The reinsurer said three Canadian loss events in the quarter will lead to similar claim expenditure as Hurricane Helene.
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TMK CUO Matthew Shaw has also been elevated to CEO.
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The syndicate will continue to diversify its portfolio but growth will be “more conservative” in 2025.
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The carrier also warned of “uncertainty” around 2021 due to exposure to “Western-leased aircraft in Russia”.
