Operations
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The carrier joins Liberty Specialty Markets Bermuda on the platform.
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The promotion follows yesterday’s news that the outgoing active underwriter is moving to a role with Liberty Mutual Re.
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Credit Agricole served as the debt arranger, with Sompo Japan and Aioi Nissay Dowa Insurance acting as insurers.
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The mid-market PE firm turns its attention to niche insurance distribution after increasing the valuation of insurance services company Davies Group by a reported 13-fold in four years.
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The appointment comes after the departure of its Netherlands-based team and Sophie Irvine in the UK.
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The carrier has been replenishing its team following departures last year.
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Gerald McDowell will step down from his role after nearly 16 years with the business.
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Masaki Maeda, a claims director at JV partner Tokio Marine & Nichido Fire, will lead the operation.
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The global natural resources director said “walking away” from risks was unhelpful and a “policy of engagement” was needed.
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The MGA launched in the A&H market last year amid a buildout into specialty classes.
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The resignation comes as Willis moves towards completion of the mega merger with rival Aon.
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The acquisitive broker looks to compete with PE houses through its new platform.
