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The payment will cover what the filing called “foregone incentives at his former employer”. -
In 2024, Aviva agreed to buy Direct Line for £3.7bn, which led its risk-adjusted capital score to fall.
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The peril has been historically difficult to model compared to others.
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Paddy Jago was also chairman at Willis Re and North America CEO for P&C at Aon.
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The developments this week thrust culture issues up the agenda for new leadership.
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Habayeb will start next May following Kociancic's retirement.
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Guy Carpenter continues to pursue Willis Re and individuals in court.
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After a challenging period, the industry is now earning above its cost of capital.
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Senior Willis Re recruit Jim Summers denied Kevin Fisher had a role at the start-up.
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The sector also faces a potential $700mn loss from a fatal Indonesian mining catastrophe.
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Sheila Cameron called on Lloyd’s to “accelerate” its commitment to behavioural change.
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Aegis, Beazley and others are among those cutting stamps.
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