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Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure. -
The business said it was experiencing strong momentum on the Island.
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The practice group will enhance the company’s existing offerings in E&S.
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The annual meeting took place in Pasadena, California, miles from the site of LA wildfires.
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The carrier’s US and Europe claims teams will report to Dominic Clayden.
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The platform aims to “bend the loss curve”.
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The deal is expected to result in $700mn in combined GWP in Florida upon completion.
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Bill Bouvier has spent more than three years at the legacy firm in this role.
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Sources said that the carrier has held preliminary talks with private debt investors.
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Fleming’s attempt follows those of other legacy carriers that have had recent successes raising capital.
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The fundraising focus comes after it was acquired by The Baldwin Group in Q1.
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Litigation funders are promoting “aggressive” tactics in the UK, Holland and Israel.
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