Aon

The lawsuit, filed Thursday on behalf of Clear Blue and its subsidiaries, alleges that Aon conducted insufficient due diligence on the ILS InsurTech.

The CEO anticipates reinsurers to continue focusing on attachment levels and that appetite for specialty classes will be higher.

The appointment follows Aon's recent hiring of Jeff Alpaugh, formerly Marsh McLennan’s US chief country officer, as president for North America.

As part of the changes, former Andean CEO Alejandro Gregory will take over as LatAm chief commercial officer.

In tandem, the firm elevated Cynthia Beveridge as global chief broking officer for commercial risk.

Broker and commercial carrier trends separate as inflation slows but rates stay elevated.

The five-person underwriting team will be led by Ian Lewis, who has been named head of intangible assets.

Aon’s Global Risk Management Survey also places failure to attract or retain top talent in the fourth spot.

Aon’s three-year plan will allow the firm to go “further faster” in serving clients with increasingly complicated needs, as well as creating additional operating leverage that will create the opportunity for Aon to deploy capital more broadly, CEO Greg Case told this publication.

Inside P&C runs you through the highlights and exclusive news broken by our team this week.

The decline marked the sixth consecutive quarter of double-digit pricing declines.

Current EMEA CEO Eduardo Dávila is to leave the firm to “pursue the next chapter” of his career.