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The portfolio encompasses $5bn+ of subject premium across ~75 programs. -
The Insurance Insider US news team runs you through this week’s key agency M&A.
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The broker will report to Howden US CEO Mike Parrish.
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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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The selloff may hint at headwinds for equity investors.
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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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An average of 81% of property accounts renewed flat or down.
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Nine-month insured losses still exceeded $100bn due to California wildfires.
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The facility provides coverage for property, terrorism, energy, construction and utilities risks.
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Private capital–backed buyers accounted for 73% of the 513 transactions this year.
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The broker’s new business and client services division is targeting $400mn of savings.
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Earlier this week, the broking house announced a rebrand to Marsh.
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