Aon

The go-live has started with more than 450 colleagues in Aon UK’s commercial risk teams covering marine financial and professional services, natural resources and construction.

Risk capital comprises commercial risk and reinsurance, with human capital covering health, wealth and talent.

The scale of reductions is increasing as the class of business experiences its fourth consecutive quarter of rate falls.

The broker also said it grew in fac, as well as in its strategy and technology group.

Aon’s results continue a trend of accelerated organic growth among brokers in the first quarter.

The broker has spent around 15 years working for Aon’s reinsurance unit.

The new unit includes hires from Aon and BMS.

The appointment comes after a slew of cyber reinsurance brokers left Aon to join Howden.

Aon expects depleted shareholder equity to be restored over time via higher retained earnings and the ‘pull-to-par’ effect of bonds approaching maturity.

Total economic losses came in well above average, driven by the earthquake in Turkey.

The latest round of hires marks a continuation of the broker’s expansive and rapid talent acquisition.

Based in London, Artunduaga has served as Aon’s LatAm network leader. In addition, Chile-based Jose Necochea, Victor Padilla and Andres Claro will move to WTW.