Aon
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The executive briefly exited the firm last month for a role at Marsh. -
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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He was most recently Marsh’s US manufacturing and automotive practice head.
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The executive brings more than 25 years of insurance experience.
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The broker has expanded the number of global industry verticals to seven from four.
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The broker noted a “significant variation” in renewal outcomes.
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The executive will report to US construction practice leader Jim Dunn.
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In North America, the median W&I claim payment in 2024 was $5.5mn, the highest on record.
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The platform will capture and standardise data from all submissions, the broker said.
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Coverage has broadened while limits have increased, the broker said.
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