Aon
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation. -
The executive was formerly EVP and central regional leader at Aon.
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The executive has been at the broker for over 20 years.
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The executive has worked for Aon for almost two decades.
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Cyberattack/data breach remains in the top slot.
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Home buyers looking to close on a mortgage could find the private market an attractive alternative.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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The executive will join Howden’s new US retail broking operation.
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Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
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The platform aims to “bend the loss curve”.
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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.
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The broker’s EPS beat consensus at $3.49 for the quarter.
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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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The former Lloyd’s CEO will not make his planned move to Aon.
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US events accounted for more than 90% of global insured losses.
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The broker has expanded the number of global industry verticals to seven from four.
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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 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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The executive was formerly head of cyber solutions, North America.
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The ongoing demonstrations could have law enforcement liability implications.
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Above-market organic growth, mid-market M&A and talent infusions were all heralded.
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The documents figure in a potential criminal case against a CCB employee.
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Case added that recently acquired broker NFP has “exceeded” expectations.
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The executive has 15 years of experience in meteorology and cat analytics.
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Muñoz was also Aon Re chairman for the Latin American region.
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The executive will remain CEO of reinsurance until September 1.
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Most of the losses are attributable to a supercell storm in Texas.
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The executive will also continue as MD overseeing Caribbean fac.
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Two large storms hit the Midwest and Ohio Valley regions on May 14-17 and May 18-20.
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The exec will lead key initiatives including Aon United, and work closely with NFP.
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Hussey will take over the role left vacant when Luis Sonville moved to AJ Gallagher late last year.
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Growth in construction projects is increasing the need for coverage.
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The industry is seen as “resilient” amid a volatile risk environment.
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He was appointed executive chairman for international in 2021.
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New broker vehicles are setting up amid accelerated softening in D&F.
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During first quarter earnings calls, insurers argued that they can mitigate volatility.
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The executive was previously a top US casualty broker.
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In an economic downturn, the kneejerk reaction is to treat insurance and risk management as a cost.
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The executive had previously been at Aon for over 15 years.
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He takes over from Amanda Lyons, who was promoted to global product leader last year.
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It will be tough to pull off prior goals despite management assurances.
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The broker's share price dipped 11% in morning trading after its Q1 earnings missed expectations.
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The commercial risk and reinsurance units delivered mid-single-digit growth.
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Marsh alleges Aon also went after its clients as well as its employees.
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Insurance Insider US explores the economics of the lift-out growth strategy.
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Insured losses were the second highest on record for the first quarter.
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Total reinsurer capital grew by $45bn in 2024 to $715bn.
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Keogh worked at Aon for nearly 30 years before retiring in 2022.
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A new report warns that underwriters must consider political uncertainty and macroeconomic trends.
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The broker has promoted Oriol Gaspa Rebull to global head of analytics strategy.
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Cue a feeding frenzy from suitors and a frenzy of speculation from the market.
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The executive will join the firm effective May 1.
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Earlier today, Aon confirmed president Eric Andersen had stepped down from his role.
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The executive will remain with the firm as a senior adviser to the CEO until mid-2026.
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Perlman has been at MMA for over six years, most recently as president of national business insurance.
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The executives will join the company in the coming weeks.
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The big brokers are lining up London capacity to write follow lines on US risks.
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The broker has over 30 years’ experience and will be based in Dallas.
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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium.
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Company-specific strategies will play a vital role in sustaining growth in the current market.
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The average change for primary policies with the same limit and deductible was a 3.5% decrease.
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Aon saw lower rates in reinsurance as capacity outstripped demand.
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President Andersen said he was optimistic about the 2025 reinsurance market.
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The broker introduced 2025 guidance for mid-single-digit or greater organic growth.
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The figure was 54% above the 21st century average.
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The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
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Total economic and insured losses are “virtually certain” to reach into the billions.
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The Corporation’s CEO will run Aon Reinsurance Solutions.
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The move means Lloyd’s will have a new chairman and a new CEO in the same year.
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But forecasts of slowing growth in recent years have been too pessimistic – and uncertainty remains.
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Many cedants secured aggregate and subsequent coverage at 1 January.
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The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
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In property, Canada, Central and Eastern Europe and UAE renewals were impacted by losses.
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Some will play “pretend and extend”, but others will sell to strategics or take the steep climb to an IPO.
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The firm’s trajectory could, however, make it harder to meet guidance going forward.
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The former CEO will also serve as executive managing director within Aon’s reinsurance solutions business.
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The executive is currently Asia Pacific CEO.
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The executive spent over 15 years at Aon in various M&A-related positions.
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Total insured losses are expected to range from $34bn to $54bn.
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Underwriting remains disciplined as insurers target profitable growth.
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The global broker has beaten off competition from AJ Gallagher, and a number of other strategics.
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The price for policies with the same limit and deductible decreased 6.0%.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
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Ball will succeed Jeff Poliseno, who is set to retire.
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The broker said Europeans are pushing hard for rate or attachment point relief.
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The broker expanded margins and grew earnings per share by 17% during the quarter.
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He replaces Kevin Madden who will assume the role of chairman for North American real estate.
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An estimated $6bn to $9bn will be ceded to the FHCF, and $6bn to $10bn to traditional reinsurance markets.
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She most recently led the broker’s UK insurance vertical.
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The “exceptionally large and powerful” Category 4 storm made landfall in Florida last month.
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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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Clients are taking advantage of market conditions to restore coverage limits.
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Sources said LSM head of third party in Miami Humberto Pozo will serve as interim head of distribution.
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The executive will end her career at Aon Bermuda effective October 1.
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Manufacturing now accounts for 41.7% of all claims, from 15.2% previously.
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Nick Nudo joins as senior managing director of reinsurance.
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The execs joined Chad Karasaki and Michael Grossi, who are heading up the new practice.
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However, the market is still struggling with excess capacity and low demand.
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Walsh is currently co-president of the northeast region.
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He will focus on the London and US markets, including the placement of consortia and binders.
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Q2 was the ninth consecutive quarter of year-over-year price decreases.
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The carrier recognized a goodwill of $256mn and intangible assets of $39mn from the transaction.
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The Hartford and Aon also posted notable, though more muted, stock bumps.
