Aon

Jeff Alpaugh spent 34 years at Marsh McLennan, last serving as its US chief country officer.

The 3x3 plan takes the things about the firm over the last decade that have been distinctive and intensifies them.

The plan is projected to deliver savings of $100mn in 2024, $250mn in 2025 and $350mn in 2026.

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.

The broker’s share price fell by around 4% after the announcement of its Q3 results and extended restructuring program.

The group will look to deliver more integrated solutions to clients through increased tech spend, and will look to scale back headcount.

Creditors already have authorisation to access Vesttoo’s data as part of their investigation.

The executive remains based in New York and will report to Jennifer Bell, Aon’s CEO of North America, and to Joe Peiser, CEO of CRS.

The motion seeks discovery of information and documents about the structure and operation of White Rock’s cells.

Broker consolidation, angst about loss trends in long-tail lines and the confidence of the E&S market were key themes in Colorado Springs.

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The business has engaged with the AssuredPartners process, and has also met with a range of other private brokers including Galway and NFP.