Aon
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Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
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Not everyone will emerge unscathed as brokers navigate the slow-growth environment.
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Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
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The broker has noted that double-digit reductions are increasingly available in property.
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As the US recovers from a major flood event, the vast majority of Americans remain uninsured.
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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
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The executive briefly exited the firm last month for a role at Marsh.
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John Neal was due to start at Aon as global reinsurance CEO in September.
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US events accounted for more than 90% of global insured losses.
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