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The action follows Sompo’s $3.5bn all-cash acquisition of Aspen Insurance. -
The broker has filed a motion to dismiss the lawsuit by Marsh.
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The data modeling firm said losses previously averaged $132bn annually.
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Ratings agency said the Sompo deal could have positive financial and operational benefits for the Bermudian.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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Analysis of market conditions, reserves show that this might not lead to an overnight consolidation boom.
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The likes of Genstar, Leonard Green and Bain also looked at the program manager.
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Sources see Aspen as the right fit for Sompo, with Apollo getting a full cash exit.
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The ratings agency cited enhanced scale and diversification through organic growth.
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The firm's risk exchange platform was “highly dependent” on SME and specialty business, CEO Radke said.
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After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.
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After the LA wildfires in Q1, carriers got some relief in Q2 ahead of wind season.
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