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The Zurich-owned carrier retains a financial strength rating of A2 and a surplus note rating of Baa2.
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The mutual had exited general insurance via its deal with Allianz last year.
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The competition watchdog will reportedly open a full investigation after its preliminary review ends on 21 December.
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The milestone was set out in a combined all-staff townhall as the firms look forward to an H1 close. -
The 10-year and 30-year bonds will be issued in a private placement.
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The legacy transaction is the first undertaken by The Carrick Group since it was launched last year.
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The acquisition of the digital-only broker is part of GRP’s ‘omni-channel’ approach.
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KPMG-run business nears endgame as AJ Gallagher returns for sizeable UK deal.
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The German carrier and Apollo-backed bid partner Athora reportedly met resistance from unions during the $3.6bn auction.
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The transaction will be one of the largest P&C deals of the year.
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In an interview, Grahame Millwater and Jason Howard set out the synergies possible following the broker’s rebrand.
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The underwriter’s resignation marks the latest in a string of senior departures at the carrier.
