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CEO Hussain said third-party capital in 2023 remained flat. -
The firm’s assets under management dropped to $1.6bn, as a capital return more than offset new inflows.
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Head of alternatives Gareth Abley believes the asset class remains attractive following a 16% return in 2023.
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He was executive managing director in Aon’s wholesale treaty team.
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All funds tracked returned a positive performance.
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Exposure updates played a greater role than expected.
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Insured losses from the Christmas storms reached $968mn.
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The broker has also appointed Charlie Liddle and Rowan Minhas to the team.
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The bond offers earthquake cover for several European countries.
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The cover will include the 50 US states, District of Columbia and Canada.
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The bond is structured into four tranches of notes.
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