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The transaction covers GIG's full portfolio of subsidiaries: insurer UCS, surety placement platform BOSS Bonds and technology platform SuretyBonds.Market.
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The deal covers the Everest Colombia unit’s authorised operations, staff and existing insurance portfolio.
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The initial emphasis will be on the Middle East, Africa and India, with a broader rollout to other markets planned later.
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Christian Schaer has been named head of Howden Re Switzerland, overseeing the local business and its treaty operations.
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