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The investment hit to the industry has nearly been erased, while capital raising is approaching the scale set by the class of 2005 start-ups. -
His departure marks the fifth senior retro broker to leave Aon in recent weeks.
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Staff will receive an additional 5 percent of the withheld amount on top of the salary they agreed to forgo.
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People moves in the ILS marketplace.
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LiquidX is a trade finance and trade credit insurance exchange that has executed more than $21bn in trades since 2016.
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Covid-19 claims could make the year the most expensive on record, the broker warns.
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The restructure of finances also brings CDPQ in as debt provider and lines up a £300mn+ M&A war chest.
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Jeremy Lee had been at Aon and Benfield for over 22 years.
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New names being discussed by sources include KKR, Madison Dearborn, Carlyle and Cinven.
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The scheme could see claimants in different sectors offered pence per pound of limit purchased.
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The former Everest Re CEO will join the firm after a major US hiring spree.
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Former Securis executive Lawrence Po-Ba will focus on sourcing capital solutions for Lloyd’s syndicates.
