US North East
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Total revenues grew 12% due to the contribution from acquisitions.
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Category 4 and 5 storms could become more common and hit further north.
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Lucy Clarke said the broking business was resilient in the face of macro challenges.
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Organic growth was flat on the prior year and in line with Q4 2024 figures.
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The underwriter will be based in New York and drive underwriting strategy.
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Competition for specialty reinsurance talent remains high.