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The programme was developed in collaboration with Allianz Commercial. -
This publication revealed on Friday that Reith was joining the firm, having departed from Helios in June.
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A recent drive for additional brokerage underscores the shift towards a softer market.
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High deductibles, tighter underwriting and lack of flood cover meant lower claims figures.
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The storms struck Victoria, New South Wales and Queensland.
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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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Most of the industry losses occurred in Austria, the Czech Republic and Poland.
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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 company has been buying out Omers’ shares since 2015.
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Rates are turning negative, and the balance of power is shifting towards the brokers.
