Aon
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The recruitment continues a period of expansive hiring for the intermediary. -
Aon’s report found that ransomware attacks on average have a 12% lower impact than data breaches.
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The carrier will provide cover to a wind farm and a solar farm as part of the Aon-brokered deal.
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The executive left Ardonagh in March as the group restructured its specialty broking operations.
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Aon report marks the fifth consecutive quarter of year-over-year pricing decreases in the D&O space.
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The broker said it believes it has meritorious defenses and intends to vigorously fight the claims and seek recourse against third parties where appropriate.
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Depressed M&A activity is a headwind likely to impact Aon for the remainder of the year.
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The growth figure represented a 1-point deceleration from the previous quarter.
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The scale of the coverage offered by the firm means buyers in the emerging line of business face a challenge to swap out their capacity.
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Areas of focus should include hiring external talent, securing capital for M&A, speeding up US growth, and answering the reinsurance question.
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The firm said it had identified two specific transactions in which “collateral inconsistencies” were in question.
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This follows the appointment of Aon's Foord-Kelcey, who is set to head Howden Tiger's cyber re team.
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