Aon
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At this week's Bermuda Climate Summit, speakers heralded the Island's future as a centre of excellence for climate-related innovation and risk transfer.
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The broker estimated there was a 7% uplift in alternative capital and a 5% recovery in traditional equity.
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The broker’s latest report finds stability but continued price discipline in most lines and regions.
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The broker has also announced several internal promotions, including Jack Snowden’s to lead the GRC London team.
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The broker has published research identifying transformative trends in the insurance industry.
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The broker said the risk from wildfire is also set to increase substantially.
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The broker will report directly to Greg Case and move away from day-to-day client responsibilities.
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Other appointments in the team include Nick Ayres as chairman of global credit and Doug Espenson named as head of US mortgage.
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Mayer will manage a global centre of excellence for parametric products and report to Paul Schultz, CEO of Aon Securities.
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Everest Re’s $1.5bn capital raise could be part of a continued pivot, or an early indicator of a shifting marketplace.
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The broker said it intends to vigorously defend itself against Aon’s allegations concerning the departure of fac re employees.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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