Aon

According to the latest cyber and E&O report from Aon, premium rates in 2023 are expected to be more competitive than the last 24 months.

Sean McGovern said the appointment was part of an “important strategic initiative” for the company.

The broker said there is a significant protection gap for flood coverage in the affected areas.

The broker said it intends to vigorously defend itself against Aon’s allegations concerning the departure of fac re employees.

Aon claims that Alliant has poached around 32% of Aon’s facultative reinsurance group, including 18 of the 25 Aon employees in the casualty fac team at all levels.

Securities filings show the conglomerate’s ownership of Markel holdings was valued at over $600mn at the end of March.

Thomas Uzzo brings more than a decade of industry experience to his new role.

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.