Aon
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation. -
The executive was formerly EVP and central regional leader at Aon.
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The executive has been at the broker for over 20 years.
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The executive has worked for Aon for almost two decades.
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Cyberattack/data breach remains in the top slot.
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Home buyers looking to close on a mortgage could find the private market an attractive alternative.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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The executive will join Howden’s new US retail broking operation.
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Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
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The platform aims to “bend the loss curve”.
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Supply for property outstrips demand, but the casualty market is “bifurcated”.
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Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
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The broker has filed a motion to dismiss the lawsuit by Marsh.
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After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
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Not everyone will emerge unscathed as brokers navigate the slow-growth environment.
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Brown & Brown fell 10% and Ryan Specialty 8% as investors digest the deteriorating outlook.
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The broker has noted that double-digit reductions are increasingly available in property.
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As the US recovers from a major flood event, the vast majority of Americans remain uninsured.
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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.
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The broker’s EPS beat consensus at $3.49 for the quarter.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
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The executive briefly exited the firm last month for a role at Marsh.
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John Neal was due to start at Aon as global reinsurance CEO in September.
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The former Lloyd’s CEO will not make his planned move to Aon.
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US events accounted for more than 90% of global insured losses.
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The broker has expanded the number of global industry verticals to seven from four.
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He was most recently Marsh’s US manufacturing and automotive practice head.
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The executive brings more than 25 years of insurance experience.
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The broker noted a “significant variation” in renewal outcomes.
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The executive will report to US construction practice leader Jim Dunn.
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In North America, the median W&I claim payment in 2024 was $5.5mn, the highest on record.
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The platform will capture and standardise data from all submissions, the broker said.
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Coverage has broadened while limits have increased, the broker said.
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The executive was formerly head of cyber solutions, North America.
