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The executive director of treaty could depart in October, sources suggested. -
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.
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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.
