Aon

Only one-third of survey participants said they felt prepared for a possible recession.

Preliminary total economic losses this year through Q3, including an initial view of Hurricane Ian based on publicly available estimates, were $227bn.

The executive joins Aon after three years at IT security company vArmour, where she served as SVP and adviser to the CEO.

Some reinsurers are in “business as usual” mode after Hurricane Ian, while others are pausing to assess the event, as it is too early to tell how cat risk appetite will change, the broker said.

The brokers are working on finalizing the terms in a written settlement agreement, which could be filed within two weeks.

Steve Bowen will work closely with the Gallagher Research Centre, which was launched just yesterday.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Aon’s reinsurance solutions CEO, Andy Marcell, said the loss ratios of treaties managed by the brokerage firm performed “pretty well” in the past 10 years.

The team will offer strategic consulting and technology solutions, starting with clients in property, casualty, life and reinsurance.

The board expects to appoint Karaboutis to the audit committee.

The executive joins Aon after 16 years at European reinsurer Scor, where he served as Caribbean market manager.

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