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Owning a cat reinsurer is off-strategy for a firm trying to curb volatility, but a sale would be hard to execute.
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The Parrish poaching case sits awkwardly alongside Aon’s insistence to regulators that talent and clients are portable.
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Sellers look set to harvest all-time-high multiples, but buyers should not mistake these businesses for retail brokers.
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The stellar growth numbers presage a challenging exercise in managing investor expectations going forward amidst easing tailwinds.
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With the DoJ’s suit creating question marks around closing, the junior merger partner’s standalone prospects must be weighed.
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The parties will likely look to deliver a carve-out of large P&C and health benefits broking in the US to target a DoJ settlement.
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But it will get harder as rates soften, the tidal flow reverses and the company has to navigate a CEO succession.
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Many of the individual causes championed by CEOs are positive, but there are good reasons to separate the political and business spheres.
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The US retirement disposals announced last week will be followed by two health unit sales as the parties seek regulatory sign-off.
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The personal lines giant announced a $300mn deal last night to buy non-standard auto writer SafeAuto.
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CPI surged to 4.2% in April, levels not seen since before the Global Financial Crisis.
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Harbert has called on the company to return $250mn of excess capital to shareholders.