Aon

Prior to his promotion, the executive served as project solutions national practice leader

The executive brings more than 15 years of industry experience, having worked for Neon and Validus Reinsurance.

The new deadlines set last week after a hearing suggest that recent settlement negotiations between the brokers to end the case via private mediation did not come to fruition.

CFO Christa Davies will also take responsibility for Aon Business Services as Simon transitions to the industry.

Inside P&C’s news team runs you through the key highlights of the week.

While still too early to assess the damage fully, Aon believes the impact on property, infrastructure and agriculture will be significant.

Public companies’ primary prices renewed with the same limit and deductible were down 0.5% year on year in Q2 2022, marking the first decline in 17 quarters.

The discovery process will run through August and September, and the court will hold a hearing on Aon’s motion for a preliminary injunction on October 12.

The broker said inflation should positively impact its ability to navigate another recession.

Initial loss estimates from convective storms and flash flooding place the economic impact in the hundreds of millions, although Aon warned losses may rise further.

The broker reported organic expansion slightly below rivals Marsh McLennan and AJ Gallagher.

Gartner accuses the broker of breaching its fiduciary duty and negligent misrepresentation for selling policies that didn’t cover its losses from pandemic-canceled events.