Aon
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“We're certainly much more optimistic than we've been at any point probably over the last five years,” he told this publication in an exclusive interview. -
The broker’s report also hailed the best risk-adjusted margins for ILS investors in a decade.
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Separately, sources said Swiss Re Miami-based head of auto overseeing the motor portfolio for the LatAm region Carlos Ricci has also left the reinsurer.
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NFP will need to be brought close enough to realize the benefits, but not so close its talent feels smothered.
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The CEO also disclosed that the break fee on the takeover is $250mn.
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Sources suggest that Aon has been proactive in weighing acquisitions since Q4, with a US mid-market platform the obvious gap.
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The deal is expected to close in mid-2024 and will be funded by $7bn of cash and $6.4bn of Aon stock.
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Nancy Woode and Erinn Pearson most recently worked at McGill and Partners and will be based in Aon’s Atlanta office.
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The lawsuit, filed Thursday on behalf of Clear Blue and its subsidiaries, alleges that Aon conducted insufficient due diligence on the ILS InsurTech.
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The CEO anticipates reinsurers to continue focusing on attachment levels and that appetite for specialty classes will be higher.
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The appointment follows Aon's recent hiring of Jeff Alpaugh, formerly Marsh McLennan’s US chief country officer, as president for North America.
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As part of the changes, former Andean CEO Alejandro Gregory will take over as LatAm chief commercial officer.
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