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The firm also reported it paid $82.8mn for Brazilian brokerage Case Group. -
The suit names former Marsh execs Hanrahan and Andrews as defendants.
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New broker vehicles are setting up amid accelerated softening in D&F.
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The carrier’s estimated first event limit could increase 16%, to $1.35bn.
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The total cost for the program increased 1.8% from last year’s.
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The company’s upsized public offering priced at $30 per ordinary share.
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With plenty of reinsurance capacity, CEO Patel said it’s been a “boring year” for treaty negotiations.
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The firm expects to replace the volume with Innovations-channel business.
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Shares were down as much as 20% after Hippo posted a $48mn loss.
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Hamilton also expects rising demand and stable supply for June 1 renewals.
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Hits to personal auto, workers’ compensation led to a drop in NWP.
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The deal will place the highest ever private valuation on a broking firm.
