Aon
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The most common breach type was law compliance, followed by financial statements. -
He will report to Cynthia Beveridge, global chief broking officer for commercial risk.
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She will retire as CEO of North America at the end of 2024.
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The executive will report to Aon fac head in south Florida Eduardo Hussey.
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The executive succeeds Rick Miller, who passed away last month at age 62.
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Tailwinds from a profitable 2023 sent insurers into strong markets in Q1 2024.
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Prices for programs that renewed in both Q1 2023 and Q1 2024 decreased 15%.
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Overall economic losses hit $45bn in the first quarter of 2024.
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Avoiding an antitrust fight aids execution, but creates uncomfortable optics around the multiple paid.
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The broker’s opening price on Friday was $272.10 per share, versus Thursday’s closing price of $306.
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Aon’s CEO said the business was formerly “very underweight” in the middle market.
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The broker announced yesterday it had completed its $13bn acquisition of NFP.
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