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...Marsh was the supply chain finance group’s commercial insurance broker, responsible for finding cover against non-payment by its borrowers....
...However, retention rates fell in business insurance, though that was consistent with the company’s strategy....
...Travelers said it achieved a 6 per cent rise in insurance rates in the commercial unit, the fastest pace of gain since 2003....
...They were replaced by Travelers, the insurance company formerly owned by Citigroup, and Cisco Systems, the maker of networking equipment....
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