Aon

The 2023 Global Risk Management Survey showed that the UK is the only region to put climate change in its top 10 risks.

Head of Lloyd’s relationships James Mackay joined Aon in 2019 after a 25-year stint at Argenta.

Last year, the B2B credit InsurTech raised $15mn in Series A fundraising as it looks to continue building its team and expand globally.

The lawsuit, filed Thursday on behalf of Clear Blue and its subsidiaries, alleges that Aon conducted insufficient due diligence on the ILS InsurTech.

The CEO anticipates reinsurers to continue focusing on attachment levels and that appetite for specialty classes will be higher.

The executive left Ardonagh Specialty earlier this year.

As part of the changes, former Andean CEO Alejandro Gregory will take over as LatAm chief commercial officer.

Sources voiced some disappointment in the rate reduction but acknowledged the improved loss record of the contract.

There is an increasing focus in the casualty reinsurance space on social inflation and litigation funding trends.

Aon’s Global Risk Management Survey also places failure to attract or retain top talent in the fourth spot.

Aon’s three-year plan will allow the firm to go “further faster” in serving clients with increasingly complicated needs, as well as creating additional operating leverage that will create the opportunity for Aon to deploy capital more broadly, CEO Greg Case told this publication.

The decline marked the sixth consecutive quarter of double-digit pricing declines.