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The company reported 25.5% increase in GWP, down from the 40% growth in prior years.
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Aon’s CEO said the business was formerly “very underweight” in the middle market.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Aon will provide further updates on NFP and deal financials, on its earnings call tomorrow.
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The company is understood to be working with Ardea Partners.
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The practice aligns existing capabilities from Marsh Specialty and others.
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The carrier will reassess the market in the fourth quarter, or early in 2025.
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Despite a smaller number of claims, ransomware payments hit all-time highs last year.
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It is understood that the company needs to secure cash within less than 30 days.
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He was most recently global COO of reinsurance at AIG.
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The financing was oversubscribed, with strong demand from new and existing lenders.
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The transaction value represents approximately 5.9x of its 2023 revenue and 28x net income.
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