Aon
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Hurricane Beryl is expected to strengthen again after hitting the Yucatan Peninsula. -
Paul Davies has been with the broker for more than 36 years.
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Reinsurers were more willing to support lower layers ahead of July 1, the broker said.
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He replaces Stephen Hackenburg, who was promoted to property and casualty leader for commercial risk NA.
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Randy Stanco, Sarah Freitag and Meredith Sachs-Swisha join Aon’s new talent committee.
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The broker said US insurers purchased around $5bn of additional cat limit.
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Interest is growing in third-party capital, captives and private debt.
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The $357mn program consists of four transactions, including a $50mn facility brokered by Aon.
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The executive joined Aon last year from Mitre Corporation.
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An EF-4 tornado devastated Greenfield Iowa, adding to the expected multi-billion-dollar toll.
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