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Increased multiples of 16x-17x in the independent agencies sector and uncontemplated perpetuation plans are some of the factors driving the survey’s results. -
The executive joins the San Francisco-headquartered broker after over six years at Marsh, where she served as vice president based in Atlanta.
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The practice will be led by Jose Antonio Osterling as chairman and Luis Felipe Ganoza as commercial director.
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The executive will oversee the Boston-based brokerage’s high-net-worth operation in the New England region.
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According to court documents, eight of the broker’s former employees departed for the InsurTech’s new Boston office over a two-week period.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The executive will succeed Carlos Luna, who moved to head Swiss Re CorSo’s business in Colombia in late May.
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The CEO noted that retailers seeking to enter the wholesale segment through M&A risk losing staff amidst a talent shortage in the insurance industry.
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Cyber continued to register the largest increase in the period, while D&O saw a small price drop compared to a moderate increase in the previous quarter.
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In his new role, Ryan will report to WTW North American leader for CRB Mike Liss.
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The broker said the fallout from the Russia-Ukraine conflict was increasing competition for business.
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The team will offer strategic consulting and technology solutions, starting with clients in property, casualty, life and reinsurance.
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