Aon
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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
Risk capital comprises commercial risk and reinsurance, with human capital covering health, wealth and talent.
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Though strong growth continues, the future is less clear as driving forces potentially run out of steam.
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The scale of reductions is increasing as the class of business experiences its fourth consecutive quarter of rate falls.
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The broker also said it grew in fac, as well as in its strategy and technology group.
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Aon’s results continue a trend of accelerated organic growth among brokers in the first quarter.
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The appointment comes after a slew of cyber reinsurance brokers left Aon to join Howden.
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Aon expects depleted shareholder equity to be restored over time via higher retained earnings and the ‘pull-to-par’ effect of bonds approaching maturity.
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Based in New York, the executive will lead over 500 employees worldwide to boost Aon’s insurance consulting capabilities.
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Total economic losses came in well above average, driven by the earthquake in Turkey.
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Smith served as chief accounting officer, chief compliance officer and senior advisor at Goldman Sachs before retiring in 2021.
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Based in London, Artunduaga has served as Aon’s LatAm network leader. In addition, Chile-based Jose Necochea, Victor Padilla and Andres Claro will move to WTW.
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