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Storm surge losses are expected to remain under $500mn. -
The companies claim “overwhelming” investor support at meetings today.
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The new arrival will be an executive committee member and report directly to president and CEO Peter Hearn.
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Retro specialist Richard Wheeler will head the unit, which will focus on sourcing third-party capacity.
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The platform allows brokers to manage reinsurance deals from offers to execution.
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Following two decades at Aon Benfield, he will join Lockton sometime next year after his gardening leave.
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The broker also confirms the appointment of James Goodwin as head of power and mining.
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José Manuel González becomes CEO of Howden Broking Group, with Rugge-Price named chair.
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The executive director of treaty could depart in October, sources suggested.
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Cat programmes have been completed this year, but a heavy hurricane season could shake up the market, the broker said.
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The leadership shake-up comes after Gallagher completed its purchase of the company in January.
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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.
