Aon
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The appointment comes soon after the collapse of the merger agreement between the two brokers.
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The broking giant has spent the past eight weeks executing on the strategy it developed for the combined firm.
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Through the plan, employees of all levels will get stock options or cash-settled units based on the company’s performance.
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GWP rose by 17% to $177bn for Aon’s peer group of reinsurers, while their average combined ratio stood at 94.0% – down from 104.4% for the prior-year period.
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Aon made internal announcements on a rebrand last week, as the broker forges a new path after ending plans to merge with Willis.
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Nine (re)insurance firms in London took part in the programme for career-break women, organised by diversity and inclusion firm Inclusivity and supported by the Insurance Families Network.
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Hundreds from the insurance business were among those killed on 9/11, making it one of the hardest-hit industries.
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The firm’s head of business intelligence Mike Van Slooten said strong capital levels contrasted with cat loss activity running above budgets.
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The CEO said large US retailers and wholesalers may look to enter reinsurance.
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Plus a look at reinsurers’ cat budgets and all the top news from the week.
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New chiefs announced for Asia-Pac, Emea, Canada and the Caribbean.
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Arsonists attacked a chemical warehouse owned by Indian manufacturer UPL last month, amid social unrest in the country.
