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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese. -
Staff targeted include producers that channel business through Howden’s London wholesale arm.
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As the IPO window opened, American Integrity, Slide, Ategrity and others followed Aspen.
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The broker’s EPS beat consensus at $3.49 for the quarter.
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Sources said that Evercore is running the process, which went through first-round bids earlier this month.
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The former Everest executive has more than 30 years of A&H experience.
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Shares opened at $28.50 each, well above the $21 offer price.
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The Insurance Insider US news team runs you through the earnings results for the day.
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He will serve as an independent non-executive member.
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The automaker’s insurance arm wrote over $300mn in premium last year.
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Hagerty Re will now assume 100% of the premium and 100% of the risk.
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The executive said the claims industry is going to “be transformed”.
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