Aon
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The market has quickly moved away from dramatic hardening in 2020 and 2021 following an influx of capacity. -
The firm’s results and guidance show resilience in the face of economic headwinds.
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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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The broker’s president also noted a stabilization in primary pricing outside of property.
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Commercial risk solutions’ Q4 organic growth dropped 8 points year on year to 4%.
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WTW has appointed Pieter Van Ede as global head of trade credit, in a move the broker said demonstrated its commitment to growth in the class of business.
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Before the move, the executive spent 12 years at Aon working as a reinsurance broker based in London.
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The broker found that the insured-loss figure for 2022 was nearly 60% higher than the annual average over the 21st century.
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The non-profit initiative will broaden to include cyber and casualty after successful tests on property reinsurance placements.
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Moore is Aon’s global excess casualty practice leader in New York, a role he has held since July 2022.
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The broker also predicted elevated demand for all forms of ILS capital throughout 2023.
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Increased interest rates and unfavorable market conditions led to reduction in capital issuance activity in the P&C insurance industry in 2022.
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