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Market-wide testing is not expected to start until late Q4 this year or Q1 2025.
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The shift to private market fundraising should be a meaningful boost to this and other initiatives.
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The executive also said there had been a “step change” on culture in the market.
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Plus the latest people moves and all the top news of the week.
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Morant will be CEO, with Jardine chairman and Reith on the board, it is understood.
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The upside for brokers of a larger Lloyd’s is not necessarily clear.
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Giancarlo D’Alessandro joins from QBE, where he was portfolio manager for Australia and New Zealand.
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The City grandee has experience on the Catlin, Convex and Miller boards.
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Lloyd’s capital has several attractions to the MGA segment if it can manage the operational hurdles.
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The executive has had a 40-year career at AIG, Berkshire Hathaway and Lloyd’s.
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The syndicate will focus on writing non-cat delegated authority business.
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The approval allows Davies to extend its UK broker incubation platform in Europe through Brussels.