Aon
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The “exceptionally large and powerful” Category 4 storm made landfall in Florida last month. -
Richard Pennay will become CEO of Aon Securities.
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Anna Digel is now chief broking officer for Aon’s US financial services group.
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Third-party litigation funding has been linked to rising casualty insurance prices.
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Padilla has also held senior regional roles at Cooper Gay and Swiss Re.
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Criado will retire on October 31, after nearly five years with Aon.
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Bruce joined the Aon primary casualty team in Atlanta in 2016.
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The expanded team aims to increase capability across global specialty lines and property specialty retrocession.
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The broker reported that global reinsurer capital reached a record of $695bn as of June 30.
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The US carrier abandoned the project due to high price expectations.
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Portfolios of clients of varying size in the same region aggregate more risk.
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White Rock claims CCB was responsible for the “lion’s share” of fraudulent letters of credit.
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