Aon
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Howden Tiger, which has been hiring aggressively from rivals, currently has only limited involvement in marine reinsurance. -
The broker has published research identifying transformative trends in the insurance industry.
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The initiative aims to fast-track (re)insurance capacity to Ukraine to support reconstruction.
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The broker said the risk from wildfire is also set to increase substantially.
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The broker will report directly to Greg Case and move away from day-to-day client responsibilities.
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Other appointments in the team include Nick Ayres as chairman of global credit and Doug Espenson named as head of US mortgage.
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The Big Three reinsurance brokers face a number of factors that could challenge their supremacy.
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Mayer will manage a global centre of excellence for parametric products and report to Paul Schultz, CEO of Aon Securities.
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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.
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Sean McGovern said the appointment was part of an “important strategic initiative” for the company.
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The broker said there is a significant protection gap for flood coverage in the affected areas.
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The broker said it intends to vigorously defend itself against Aon’s allegations concerning the departure of fac re employees.
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