Aon
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With a low initial expected loss of 0.25%, the notes offer a substantial 11.6x multiple.
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The new hire has nearly a decade of experience in Asia.
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If the fundraise closes, the business will operate as a “permanent capital” monoline retrocessionaire. -
The cyber insurance sector is set to grow to $20bn by 2025, the broker said.
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The transaction is a bearish signal for the post-Covid cat reinsurance market.
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The move follows a series of launches of similar units in the UK and US.
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The move comes days after Artex announced the hire of his brother Adrian.
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Purchasing the analytics firm will help Willis meet growing demand for climate change services.
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Over 10,000 structures have been destroyed in California alone, Aon said.
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The new hire comes after a slew of senior appointments made by the start-up in recent months.
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Q4 issuance will likely be robust owing to new investors and increased allocations, the CEO said.
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Lee joins from guarantee firm Athene Holding, where she was an investor relations director.
