Aon
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Market dislocation and macroeconomic disruption were listed as the second and third most prominent risks, with the economic environment as a key concern. -
Sentiment scores are down across the industry, indicating pessimism regarding inflation and the economy.
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The Warren Buffett-led conglomerate also remained firm in its position in rival broker Aon.
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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 promoted Eduardo Hussey to succeed Gregory as part of the leadership changes in Miami.
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Rate rises in the commercial lines market have decelerated in most insurance markets, but executives expect increases to remain above loss costs for some time.
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The broker put ILS capital at $96bn by year end, $1bn lower than mid-2021 but ahead of its $94bn year-end 2020 estimate.
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The figure marks a slowdown from the last three quarters, when price increases registered at 3.7% in Q4, 7.3% in Q3 and 14.2% in Q2 2021.
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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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Inside P&C’s news team canters through the week’s key developments.
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The broker said it planned to ramp up investment for hiring talent, as well as developing employees with improved analytical and technological tools.
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The broker posted earnings per share ahead of analyst expectations and expanded margins.
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