Construction
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The changes are aimed at improving underwriting and operational performance. -
Growth in construction projects is increasing the need for coverage.
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The two deals bring the combined company’s Ebitda to about $25mn-$30mn.
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The executive had previously been at Aon for over 15 years.
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The company’s diverse portfolio could provide protection, but has heavy exposure in construction and transportation.
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Everest’s US wholesale business is seeking to expand its market presence.
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Marsh alleges Aon also went after its clients as well as its employees.
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He will oversee Ascot’s US and Bermuda insurance and reinsurance companies.
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SiriusPoint will provide capacity for a new construction liability program.
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Construction defects, GL and risk-managed professional liability lines saw the greatest headwinds.
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Auto and homeowners’ insurance will see effects from the tariffs.
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The executives will join the company in the coming weeks.
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