The disruption of the Aon-Willis deal breakdown could arguably create almost as much of a shake-up of the competitive landscape amongst the second-tier challenger brokers as it will for the two would-be merger partners themselves.
The committee will be responsible for seeing through the broker’s four-pronged Aon United Blueprint.
The carrier increased reserves for P&C Covid-19 losses by EUR109mn in the quarter after UK and France court decisions.
CEO Alex Maloney said the carrier was starting to ‘reap the benefit’ of three years of rate growth.
The start-up fell to a $12mn half-year loss as its new book of premium was relatively harder hit by a small Uri loss.
28 July 2021
Many market participants have managed to curtail their admin expense ratio over the last five years, although correlation between GWP and cost-efficiency remains weak.
Willis Towers Watson must act quickly and decisively to either salvage the sale of Willis Re or lock down staff.
Some observers questioned whether Hiscox would have benefitted from the bigger shake-up of an external hire.
Underwriters warned of a need to sustain profits and the risk of losses as plants are reactivated.
Huge disputes over aggregation of claims and ongoing coverage disputes point to uncertain overall exposures.
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