Aon
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The platform aims to “bend the loss curve”. -
Supply for property outstrips demand, but the casualty market is “bifurcated”.
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Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
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The broker has filed a motion to dismiss the lawsuit by Marsh.
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After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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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.
