Aon

Inside P&C dissects the biggest deals of the year across broking, commercial lines and InsurTech.

A judge for the Miami-Dade County Court has ordered Aon and individual defendants in the Miami facultative team poaching case to avoid doing reinsurance brokerage business with the defendants’ former Willis Towers Watson clients.

Although Aon views the market as “favorable” relative to this time a year ago, pressures related to claims capacity and coverage rates continue, albeit to a lesser extent.

Carriers are planning for inflationary threats and have been responding to major catastrophes, while the InsurTech and broking markets have driven M&A drama.

Casualty rate hikes moderate, though areas like wildfire liability remain difficult amid an ever-more litigious environment.

Willis president Carl Hess said that hiring rates have dramatically increased in his firm's corporate risk and broking business.

Willis is accusing its blue-chip rival of conspiring with its former employees to pilfer some of its reinsurance brokerage clients in Florida, causing “irreparable harm".

Insurance carriers tend to favor a negative outlook during their earnings calls, even when its unwarranted.

Jillian Slyfield will assume the responsibilities of current chief innovation officer, Tony Goland, who will retire at the end of 2021.

Berkshire Hathaway reduced its shareholding in Marsh McLennan by 35% during the third quarter, as the Warren Buffet-led business continued to sell down across its portfolio, an analyst note from Morgan Stanley shows.

Insured losses from severe weather events in the US are on course to exceed $20bn, following the second highest October tornado tally on record, according to a report from Aon.

Cyber has surpassed D&O and natural catastrophe risk to become the most strained class of business for insurers, according to Aon’s Global Market Insights report for Q3 2021.