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Plus the latest people moves and all the top news of the week. -
The California wildfires were the only “relevant event” for the period, the carrier said.
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The business is majority-owned by Castik Capital.
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As the next generation of Names comes to the fore, advisers urge simplification.
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Managing director Nick Bacon will also exit this summer.
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The team is led by industry veteran John Lentaigne.
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Assurex Global’s partner firms place $46bn of premium across the world.
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The broker will be based in Oslo and drive expansion in the Nordic region.
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The only major product line to see rate increases was casualty.
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The board of directors was unanimous in its decision.
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Combating depressed trading on the LSE and a delayed hard market shift has held back the firm.
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In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
