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Gallagher expands Middle East operations with new strategic investment

Global insurance brokerage, risk management and advisory firm Gallagher has acquired a majority stake in ACE Re Gallagher Arabian Reinsurance Brokers, further strengthening its commitment to supporting customers and businesses in the Kingdom of Saudi Arabia. The management team of ACE Re Gallagher Arabian Reinsurance Brokers will reportedly make a seamless transition to the new…

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Simon Hawkins joins Aon as Executive Managing Director within the Global Legacy team

Aon plc, a global professional services firm providing risk, retirement and health solutions to clients around the world, has announced the appointment of Simon Hawkins as Executive Managing Director of Reinsurance within its Global Legacy team, who will join the company later this year. Hawkins will advise clients on complex legacy and run-off transactions, supporting…

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Gallagher Re appoints Eric Schwebach as EVP, North America Large Personal Property Product Leader

Gallagher Re, the global reinsurance brokerage and advisory arm of Arthur J. Gallagher & Co., announced the appointment of Eric Schwebach as executive vice president (EVP), head of North America large personal property products. Schwebach joins Gallagher Re with more than 20 years of reinsurance brokerage experience. Throughout his career, he has developed extensive expertise…

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Maximum Information launches PsiClone for live cyclone exposure monitoring

Maximum Information has announced the launch of PsiClone, a new real-time event monitoring platform designed to help insurers, reinsurers and underwriting teams monitor portfolio risk and respond early during active tropical cyclone events. Founded in 2020, Maximum Information is dedicated to improving society’s resilience through evolving natural disaster risk models. Designed for use before and…

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ICEYE targets global expansion as latest funding round surpasses €1bn

Space sovereignty intelligence provider ICEYE has raised €450 million ($520 million) in a major Series F funding round led by General Atlantic, valuing it at more than €10 billion ($12 billion). Including the secondary placement, the total financing in this round exceeds 1 billion euros ($1.2 billion). The company operates the world’s largest synthetic aperture…

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