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The global broker has beaten off competition from AJ Gallagher, and a number of other strategics. -
The broker expanded margins and grew earnings per share by 17% during the quarter.
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Howard, who led the brokerage through its recent transition to private ownership, will take a vice chair role.
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DeSett will develop Hub’s commercial lines strategy and drive organic growth.
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Overall, insurance rates fell by 1%, led by competition in property.
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This publication revealed her departure from Guy Carpenter in August.
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The agency is expanding organically and via M&A with a focus on minority-owned businesses.
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Prior to the event, clients were expecting a “very competitive market environment”.
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Roman Romeo was named CEO of Reinsurance Solutions in Bermuda in April this year.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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An estimated $6bn to $9bn will be ceded to the FHCF, and $6bn to $10bn to traditional reinsurance markets.
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He brings over 25 years of experience in PE and transactions solutions.
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