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The executive will play a key role in capital arrangements for Acrisure’s suite of underwriting units. -
A recent drive for additional brokerage underscores the shift towards a softer market.
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The executive said the market would soften during 2025 but would not drop through the floor.
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The reinsurance veteran joins from Artex Risk Solutions.
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The strong deal multiple underscores the view of London as a “gateway to the world” for brokers.
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Tony Simm will report to Garret Gaughan, global head of direct and facultative.
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Recent weeks have seen a string of facility launches and capacity increases.
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Insurance Insider revealed yesterday Stone Point will join Madison Dearborn and HPS as shareholders.
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The pair will lead crisis management and financial lines, respectively.
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The broking business will transfer along with four unknown assets owned by the PE backer.
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Insight into the insurance M&A market, powered by Insurance Insider’s deal database.
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Aon announced in early December that it had expanded ACT to offer 28.5% capacity for 2025.
