Aon
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The recruitment marks a return to Aon for the energy broker.
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Some pointed to low average costs to fix burst pipe claims, while others warned that BI could drive up losses. -
ARPC said the move improves the pool’s capital strength.
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Last year cat losses were highly dispersed across a large number of events with no single loss above $10bn.
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The merger may cause price increases or reduced service levels for major insurance buyers.
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Executives reiterate the mid-single expansion guidance announced in March, despite growing organically by 1% in 2020.
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Oaktree Capital is understood to be the institutional investor behind the "permanent capital" retro carrier.
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Jennifer Law will join the team and report to Japan reinsurance solutions CEO Rupert Moore.
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Slew of maturities and competitive pricing environment make the cat bond market attractive for sponsors, brokers say
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The deal “may reduce choice” for cedants in choosing reinsurance brokers, the EC said.
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The carrier will take a smaller line than initial backers PartnerRe and Swiss Re.
