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The US specialty carrier announced Tuesday that it was buying the Lloyd's business for $555mn. -
Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
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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 action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance.
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The deal is part of Gallagher’s ongoing Asia-Pacific investment strategy.
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The Japanese carrier faces integration challenges to make a success of the deal.
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The deal ends Livingbridge’s two-year attempt to sell the UK broking/MGA platform.
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
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James River said the court was right to dismiss the fraud case.
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Company said defendant ‘distraction’ can’t make up for flimsy arguments.
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Group CEO Mikio Okumura cited “solutions that have not been fulfilled”.
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Plus, the latest people moves and all the top news of the week.
