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The downstream market is also starting to soften after a “massive influx” of premium income.
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The complaints are the first effort to crack down on existing suspicions.
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In June, Insurance Insider US revealed that the ~$550mn Ebitda business is working with Evercore to bring in a new ~30% backer.
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A letter wants an update on progress towards addressing climate-related financial risks.
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Private broker Q2 Ebitda margins contracted to 26.8% from 29% in Q1 and 27.1% a year ago, according to the survey.
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Manufacturing now accounts for 41.7% of all claims, from 15.2% previously.
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A quick roundup of today’s need-to-know news, including WTW, Skyward and the cyber paradigm.
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Commissioner Andrew Mais said AI is also a priority for regulators.
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He will work with the executive team to help outline strategy.
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The new broking president added that hundreds of Marsh staff would not show up tomorrow at WTW.
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Nick Nudo joins as senior managing director of reinsurance.