Aon
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WTW has appointed Pieter Van Ede as global head of trade credit, in a move the broker said demonstrated its commitment to growth in the class of business. -
It is understood that Axis and Canopius lead the facility, which considers clients from any industry sector in providing excess capacity.
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Before the move, the executive spent 12 years at Aon working as a reinsurance broker based in London.
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The broker found that the insured-loss figure for 2022 was nearly 60% higher than the annual average over the 21st century.
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The broker’s head of wholesale and specialty said London faces a great opportunity in 2023.
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The broker also predicted elevated demand for all forms of ILS capital throughout 2023.
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Under the terms of the renewal, the brokers made several concessions to underwriters, including making PV and SRCC risks prior submit, rather than automatic delegation.
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Agostino Fulciniti will help deliver Aon’s EMEA commercial risk solutions strategy across broking, claims, specialties and risk consulting.
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The senior broker joined the firm in 2018 after a long career at Willis Re.
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The broker said that the event was unlikely to produce losses on a similar scale to the 2021 Texas freeze.
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Progress around placements undercuts the case for an unravelling of the facilities that dominate the market.
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Aon Reinsurance Solutions has appointed fac strategic growth leader Muñoz to take over Tassarotti’s position as deputy CEO of global fac.
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