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Apollo executives David Ibeson and James Slaughter are committed to the future as a combined entity. -
Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
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The US specialty carrier announced Tuesday that it was buying the Lloyd's business for $555mn.
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The executive most recently served as head of North American treaty reinsurance.
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The LPPC will offer limits of $127.5mn EAR and DSU coverage in the US and Canada.
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Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
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Jane Poole will succeed Michael Grist, who exits after nearly 16 years.
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Cyber reinsurance supply has continued to outstrip demand during 2025.
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In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
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The executive said claims can be a differentiator in a softening market.
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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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Farnworth will also chair the carrier’s audit committee.
