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An 11th-hour softening has driven discounts into double-digit territory on some deals. -
After two payments, the transaction is expected to be complete in February 2025.
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In property, Canada, Central and Eastern Europe and UAE renewals were impacted by losses.
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The firm has commenced writing collateralized retro and reinsurance, but its rated launch is still pending.
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The new, publicly listed specialty program group will be led by Luke Ledbetter.
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The broker said demand grew more slowly than reinsurer appetite.
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The program was developed in collaboration with Allianz Commercial.
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The business will operate as a full-service MGU under Amynta Risk Solutions.
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Danielle Harrison will become SVP, division manager, and Laurel Rudnick will be SVP, CUO.
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Sonville’s hire was reported by Insurance Insider US last week.
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Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
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The broker’s state of the market report noted that property pricing has stabilized.
