Marsh McLennan
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The practice aligns existing capabilities from Marsh Specialty and others.
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Global commercial insurance rates rose 1% in Q1, down from a 2% increase in Q4 2023.
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The transaction value represents approximately 5.9x of its 2023 revenue and 28x net income.
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Early results suggest another strong quarter with a variety of driving forces.
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The US casualty market was “challenging”, the executive said.
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Property rate increases decelerated to 3% in the quarter.
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The Q1 figure represents a 2-point acceleration on the 7% reported in Q4 2023.
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Graham Knight will become chairman of natural resources.
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April Files is based in Houston, Texas.
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The new facility is backed by Lloyd’s syndicates and London-based international insurers.
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Participating members can purchase up to $10mn in (re)insurance.
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The talks are advanced, and the process is likely to move rapidly.