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Dealmaking took centerstage, but other discussed topics were growth, talent and capacity. -
There’s nothing medical about SAM claims.
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MGAs that are good operators will stick out compared to the rest.
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The mood in Orlando was sunny among cedants and reinsurers alike, but there are clouds on the horizon.
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E&S is most exposed to growth normalization, private credit is hunting P&C and fronting is deadlocked on exits.
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Insurers are pleased, brokers are looking for trade-offs, and everyone’s talking about Howden.
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Sexual abuse and molestation exclusions are starting to hold in higher layers of hospital towers this year.
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The as-yet unnamed platform will have to compete in a crowded market for M&A and lift-out opportunities.
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Winners and losers will emerge more clearly, with less opportunity to ride the market wave.
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The insurer has chosen a “take two” deal after buying Endurance, betting again on Bermuda.
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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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The company was right to drop its reinsurance unit and refocus on its specialty roots.
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Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
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It is slim pickings for quality mega deals and the brokerage has an in-built need for speed.
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Succession, heavyweight M&A and expanding beyond its core will all test the broker.
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The broker has emerged as the emphatic winner of the supercycle, but new tests are coming.
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A London wholesaler broker would be a compelling second move.
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Above-market organic growth, mid-market M&A and talent infusions were all heralded.
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The $10bn acquisition of Risk Strategies is the biggest broker deal relative to size we have seen.
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Rates and limits have done the heavy lifting to date – but there are other options.
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Large account and E&S property have gotten competitive faster than expected.
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Writing credit wraps for LitFin firms and steering third-party assets to them should stop.
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The company completed its upsized IPO last week and traded up to 1.3x book.
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The take-up rate will depend on the price discount and market segment.
