Aon

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.

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.