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Sources said that the start-up will be fronted by Bain-backed Emerald Bay.
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Storm surge of two to four feet could affect the North Carolina coast.
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The Delaware high court’s reasoning could find application in other cases.
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The executive succeeds current CEO Petway, who is retiring.
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Patton Kline succeeds Glod as US aviation and space practice leader.
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The US has been lucky over recent decades to avoid a $100bn insured hurricane event.
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This publication revealed yesterday that the two were in detailed takeover talks.
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The program is aimed at affluent homes valued between $1mn and $6mn.
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The completion is also good news for Marsh, Aon, WTW and other potential buyers in US retail.
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Sources said that detailed discussions have taken place, with a clear path to a deal.
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Life-threatening surf and rip currents are expected on the east coast of the US.
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The promotions will enhance underwriting capability across key segments.