Aon
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Reserving has increased substantially, inflicting another major claim on the loss-hit class. -
M&G investments has committed the capital through its Catalyst private assets strategy.
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Tony Day and Julia Dickinson, who both joined Aon in 2013, have previously held a number of senior roles within the political violence and terror team.
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The market has quickly moved away from dramatic hardening in 2020 and 2021 following an influx of capacity.
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The executive will join Aon’s UK leadership team and takes over from Jane Kielty.
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Commercial risk solutions’ Q4 organic growth dropped 8 points year on year to 4%.
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WTW has appointed Pieter Van Ede as global head of trade credit, in a move the broker said demonstrated its commitment to growth in the class of business.
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It is understood that Axis and Canopius lead the facility, which considers clients from any industry sector in providing excess capacity.
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Before the move, the executive spent 12 years at Aon working as a reinsurance broker based in London.
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The broker found that the insured-loss figure for 2022 was nearly 60% higher than the annual average over the 21st century.
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The broker’s head of wholesale and specialty said London faces a great opportunity in 2023.
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The broker also predicted elevated demand for all forms of ILS capital throughout 2023.
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