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Modeling wildfires is particularly challenging compared to primary perils like hurricanes. -
The exec will lead key initiatives including Aon United, and work closely with NFP.
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Sources suggested that the multiple could be as low as the 13x range as valuations reset.
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The CEO said Ascot would deploy capital where it sees opportunities.
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New CEO Eckert said Conduit had taken “decisive action” after the LA wildfires.
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The former leader, Kirby Hill, will assume the role of chairman, captives and specialty programs.
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State Farm will need to provide its CA subsidiary with a $400mn surplus note.
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This in turn gives carriers on a tower a little more liberty and less risk to optimize claim outcomes.
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The executive joins forces with executive chairman and co-founder Erik Matson.
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Hussey will take over the role left vacant when Luis Sonville moved to AJ Gallagher late last year.
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The reforms limit liability for some small businesses in the state.
