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The deal valued BMS at £500mn and is expected to close in the third quarter.
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The insurer placed less coastal aggregate cover than originally planned. -
Mills joins from Hampden Agencies and will report to managing partner Neville Ching.
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Rising Jebi losses will contribute to a squeeze on capacity.
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The start-up went live in May with the name McGill & Partners.
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Brad Melvin and Bruce Selby Bennett have been given new roles at the broker.
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Insurer adjusts programme to seek slightly more aggregate and less “sliver” reinsurance cover.
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Everest Re and RenaissanceRe have given their support to the initiative.
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The Tampa-based broking start-up was launched last year by Ted Blanch.
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Bredahl resigned as CEO of Third Point Re this month having held the role since 2017.
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The 25-year Aon veteran has taken on the role of US vice chairman of reinsurance solutions.
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The former chairman of JLT Re, Ross Howard, is to retire from the business later this year.
