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The executive was previously CEO of the group’s North America unit. -
The broker will report to EMEA property fac head Connor Halliday.
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The largest non-US event in 2024 was the catastrophic flooding in Valencia.
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Reserves are likely to be set following initial court rulings this year.
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Attachment points are unlikely to return to pre-correction levels any time soon.
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Supply generally exceeded demand and trading relationships were ‘strong’, CEO Tom Wakefield said.
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The reinsurance market is now in a healthy, stable condition, according to Gallagher Re.
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An 11th-hour softening has driven discounts into double-digit territory on some deals.
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The reinsurer is buying out China Minsheng affiliate at year-end.
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In property, Canada, Central and Eastern Europe and UAE renewals were impacted by losses.
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The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
