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Evercore has reached out to a combination of strategics and private equity houses. -
CEO Kieran Dempsey will relinquish the additional title of president.
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Price Forbes operations in Miami, Chile and Peru will report to Mulic.
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The segment’s underwriting results halved to $532mn in 2024 from $1.07bn in the prior year.
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Its full-year combined ratio for 2024 ballooned to 334.6%, from 124.7% in 2023.
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Cue a feeding frenzy from suitors and a frenzy of speculation from the market.
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The underwriter will be based in New York and drive underwriting strategy.
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The company has seen four straight years of double-digit growth.
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Markel also announced the appointment of Jon Michael to its board.
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Earlier today, Aon confirmed president Eric Andersen had stepped down from his role.
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BHSI is dividing its retail general property unit into four regions.
