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The intermediary has been expanding its presence in the Australian market considerably since the acquisition of Wesfarmer’s insurance business for $933mn 2014. -
CEO Greg Case says the broking union offers greater opportunities than when the deal was first announced.
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Incoming regulatory changes means there is high growth potential for the nuclear risk market.
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With a sale of the remedy assets to AJG not yet agreed, the firms will have to choose their words carefully this week.
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Chairman Paul Folino said he expected the deal to be completed over the second quarter.
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European regulators are not expected to demand additional concessions of the deal partners.
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The Chubb CEO seeks to quash speculation the carrier may return with a sweetened takeover proposal.
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The intermediary’s 6% organic growth was aided by the economic recovery, price improvements and disruption in the broking market.
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EC documents do not give details of individuals, but said the ringfenced team ranges in seniority.
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The newly formed (re)insurer is to support the start-up led by AmTrust alumni.
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Blank check vehicle Pegasus Europe is targeting financial services businesses with either digital models, or those benefiting from economic tailwinds.
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Connie Tregidga and Marialuisa Petrella are both qualified lawyers.
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