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The AmTrust-owned MGA will be able to offer policy limits of EUR40mn per transaction.
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The development follows an explosion in the use of blank check vehicles in the US.
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The move follows the brokers’ submission of a remedies package last week to allay competition concerns.
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Credit Agricole served as the debt arranger, with Sompo Japan and Aioi Nissay Dowa Insurance acting as insurers.
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Both parties continue to look determined to take the steps needed to get the deal to the line.
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Further details of the proposed remedies to the European Commission are revealed.
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Proposed remedies match prior reporting from this publication over the last month.
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The move follows Willis’ explorations of sales of Willis Re and European units.
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The purchase, originally agreed in December 2019, will allow the hedge fund reinsurer to expand its insurance business in Europe.
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The Competition and Consumer Commission of Singapore launches a public consultation over the proposed merger deal.
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The potential sale of Willis Re to AJG would push Gallagher Re into the big leagues – but make little impact on the wider market.
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Fallout from the 2019 JLT Re integration intensifies after a group including Brad Maltese were earlier reported to be set to join Howden.