Marsh McLennan
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Ellis will re-join Marsh after leaving in 2019 for a position at AIG.
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“They want to grow their portfolios,” Guy Carpenter's CEO added.
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Ridge Muhly and Adam Kornick join from Gen Re and Porch Group.
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The facility launch comes after Marsh launched its Slipstream marine facility.
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The quarter was the first period where prices didn’t increase since the third quarter of 2017.
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The Insurance Insider US news team runs you through the earnings results for the day.
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A quick round-up of today’s need-to-know news, including Ryan Specialty, Marsh, Allstate.
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The executive said challenging loss cost trends were contributing to rate rises.
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Earnings per share were up 10%, while the margin expanded by 1.3 points.
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Steadfast, AUB and BMS have joined the top 20.
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