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The parties will likely look to deliver a carve-out of large P&C and health benefits broking in the US to target a DoJ settlement. -
But it will get harder as rates soften, the tidal flow reverses and the company has to navigate a CEO succession.
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Many of the individual causes championed by CEOs are positive, but there are good reasons to separate the political and business spheres.
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The US retirement disposals announced last week will be followed by two health unit sales as the parties seek regulatory sign-off.
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The personal lines giant announced a $300mn deal last night to buy non-standard auto writer SafeAuto.
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CPI surged to 4.2% in April, levels not seen since before the Global Financial Crisis.
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Harbert has called on the company to return $250mn of excess capital to shareholders.
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With the planned disposal of a further $240mn of Ebitda, the parties are showing their commitment to closing the overall deal.
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Listed composite insurer American National has been placed up for sale and may attract carve-up interest.
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Chubb discipline, Hartford reluctance and investor lassitude combine to impede a transaction.
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With a sale of the remedy assets to AJG not yet agreed, the firms will have to choose their words carefully this week.
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Long hold periods could intensify the pressure on smaller PE-backed retail brokers.
