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As part of this transaction, WTW will also buy ProfitGuard, a credit risk management service.
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The investment will help Icen expand its presence in Europe and North America.
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The practice, the result of financial lines integration, specialises in insurance broking, risk advisory and claims for financial and professional insurance lines.
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The new MGA is expected to launch in late 2025, contingent on regulatory approvals.
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This authorisation enables the company to manage accident and health claims for Lloyd's syndicates.
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Soeren Soltysiak, based in Singapore, will report directly to George Attard, APAC CEO of Reinsurance Solutions.
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