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The busy storm season, Covid-19 uncertainty and a hardening market are driving demand.
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The cyber insurance sector is set to grow to $20bn by 2025, the broker said. -
Nearly 80% of respondents said underwriting capacity decreased in the quarter.
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Purchasing the analytics firm will help Willis meet growing demand for climate change services.
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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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The exec was speaking after the broker was acquired by Cinven and GIC in a multi-hundred million deal.
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Industry veteran Payne was most recently at Credit Suisse Lloyd’s syndicate Arcus.
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The division brings together carriers and MGAs, while providing capital advisory, analysis and modelling support.
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BMS plans to expand into the retro sector but will avoid being drawn into bidding "frenzy".
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The CEOs of Aon Reinsurance Solutions, Willis Re and TigerRisk predict limited rate gains, but up to $10bn of incoming capital.
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Piccolomini and South pick up Advisory, while Clarke will head up global placement.
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Lawrence Po-Ba was hired by the firm to source capital solutions for Lloyd’s syndicates in May.
