Aon
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Manufacturing now accounts for 41.7% of all claims, from 15.2% previously. -
Nick Nudo joins as senior managing director of reinsurance.
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The execs joined Chad Karasaki and Michael Grossi, who are heading up the new practice.
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However, the market is still struggling with excess capacity and low demand.
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Walsh is currently co-president of the northeast region.
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He will focus on the London and US markets, including the placement of consortia and binders.
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Q2 was the ninth consecutive quarter of year-over-year price decreases.
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The carrier recognized a goodwill of $256mn and intangible assets of $39mn from the transaction.
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The Hartford and Aon also posted notable, though more muted, stock bumps.
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President Eric Andersen said that non-malicious cyber risk was “front of mind” for clients.
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A roundup of today’s need-to-know news, including Commissioner Lara’s FAIR plan reforms.
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Organic growth was in line with WTW and Marsh McLennan, which both posted 6% underlying expansion.
Related
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Vantage’s Patel joins Aon as FI industry lead
July 01, 2025 -
Marsh recruits Aon’s Spiridis as US project risk leader
June 25, 2025