Operations/tech
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Proceeds of the 30-year bond sale are earmarked for “general corporate purposes”. -
Far Horizons Capital is also suing JP Morgan for misrepresenting the reinsurer’s prospects when it was founded.
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The exec said speed to market matters right now, with a start-up subject to more uncertainty.
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SkyKnight Capital, Dragoneer Investment Group and Aquiline Capital Partners have led the investment.
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The executive said that senior talent acquisitions at the broker were likely to continue.
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The performance of the entire enterprise is given greater overall weighting across all executive officers when calculating pay-outs.
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The moves follow the exit of insurance CUO Cohen and two of his former Liberty colleagues.
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In a note to staff, the Chubb CEO also said that civil society is a participant sport.
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Senior executives at carriers and brokers have sought to reassure clients and staff amid social unrest across the US.
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Shares in the carrier rise more than 4 percent in the New York morning.
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Detailed excerpts from an internal Aon memo on the "opt-in" rate to the salary reduction programme.
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In total, nine out of 10 in-scope staff will participate, an internal memo obtained by this publication shows.
