Marsh McLennan
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The deal is the broking giant’s second such transaction so far this year.
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Staff must honour notice periods and restrictive covenants. -
The intermediary’s CEO Will Underwood will take on the additional role as Marsh as private equity leader nationally.
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Aon will manage the captive, while Marsh is placing excess insurance for the digital currency platform.
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The parties agreed to a “mutual resolution of all claims”, noted Guy Carpenter’s legal counsel.
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The broking giant also resolved its case against four former employees who left for the smaller rival.
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The broker said a significant loss could trigger a drop in capacity, which is at an all-time high.
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Rates increases of 25 percent and far higher are set to accelerate in the coming year.
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Marcia Rosset and Mike Dumenil are set to join the business.
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Adam Lantrip, Sam Levine and Laura Burke have joined the new division.
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Her role will focus on expanding Bluestream's growth in the US and worldwide.
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Casualty pricing ekes out a 0.8 percent gain, while financial and professional liability rises more than 14 percent.
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