Aon

Preliminary total economic losses this year through Q3, including an initial view of Hurricane Ian based on publicly available estimates, were $227bn.

The conflict has prompted a potential mismatch between insurer and client transition speeds.

A ballot date of 9 December has been set to replace Dominic Christian on the Council of Lloyd’s, as his term of office is set to expire on 31 January 2023.

Lloyd’s CEO John Neal said the challenges thrown up by the conflict could lead to difficult decisions in the short term.

The broker is working to drive retail and wholesale alignment to deliver better results for clients accessing the London market.

Paul Shedden joins from Sompo International, where he was head of portfolio design, pricing and analytics – global insurance.

Doreen Tan will be based in Singapore and have responsibility for helping to service Howden Re’s treaty clients across Asia.

The executive joins Aon after three years at IT security company vArmour, where she served as SVP and adviser to the CEO.

Some reinsurers are in “business as usual” mode after Hurricane Ian, while others are pausing to assess the event, as it is too early to tell how cat risk appetite will change, the broker said.

The scheme aims to fill the gap left when private sector carriers exited the market following the Grenfell disaster.

The brokers are working on finalizing the terms in a written settlement agreement, which could be filed within two weeks.

Prior to joining Aon, O’Gorman previously advised central governments and private sector companies in the UK and EU on their ESG strategies.