North America
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The unit will include both ocean and inland marine coverage. -
The carriers remain in takeover negotiations but have not reached a decision around valuation.
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The late March storm caused extensive damage in southern Quebec and Ontario.
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The $2.6bn deal provides Ergo with an entry point to the US SME market.
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The changes affect operations in Switzerland, Bermuda and the US.
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The broker has expanded the number of global industry verticals to seven from four.
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He was most recently Marsh’s US manufacturing and automotive practice head.
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The executive brings more than 25 years of insurance experience.
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The soft market continued through H1 2025, especially on shared programs.
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Gallagher Re’s Lara Mowery said mid-year renewals marked the “beginnings of capacity” emerging.
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Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.
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