Canada
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The executive was formerly EVP and central regional leader at Aon. -
The broker will now have access to an M&A war chest for inorganic growth.
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The deal will give the broker access to an M&A war chest to fuel inorganic growth.
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The jump in the latest estimate could be due to damage to seasonal properties only being recently discovered.
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Onex is making the investment alongside PSP, Ardian and others.
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The estimate covers property and vehicle claims.
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The company has also appointed David Tran as head of programs, Canada.
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The late March storm caused extensive damage in southern Quebec and Ontario.
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Sources said BMO was retained earlier this year to advise on the strategic process.
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The executive previously spent 15 years in a variety of roles at Zurich.
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Up to nine million acres of US land are considered likely to burn.
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The deal leaves premier surety as Travelers' sole Canadian portfolio.
