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The French carrier pulls back from Axa Gulf, Axa Cooperative Insurance and Axa Green Crescent Insurance.
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Canadian pension fund managers CDPQ, CPP and OTPP back the subscriptions receipt issue.
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As part of the deal Pelican Ventures and JC Flowers will provide capital for 2021 onwards, with Argo maintaining responsibility for years prior.
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Has there ever been a more interesting time in (re)insurance for mergers, acquisitions and new capital formations? -
The tactic comes after the investors had three nominees installed on the risk modeller’s board this week.
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Sirius shareholders favour the deal but dissent on compensation proposal.
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Safeonline CEO Chris Cotterell becomes chairman of Howden’s cyber division.
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The three director changes fall short of a proposal by former bidders Senator and Cannae.
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The Amanda Blanc-led company says it is continuing to evaluate the remaining Italian businesses.
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Revenue rose 2.2% on an underlying basis at the broking group.
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By filing this week, the merger partners may yet escape the clutches of the UK’s Competition and Markets Authority.
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The European Commission sets a provisional deadline of 21 December for the review.
