Aon

The broker said that the event was unlikely to produce losses on a similar scale to the 2021 Texas freeze.

Progress around placements undercuts the case for an unravelling of the facilities that dominate the market.

Aon Reinsurance Solutions has appointed fac strategic growth leader Muñoz to take over Tassarotti’s position as deputy CEO of global fac.

James Buchanan spent 28 years at Aon, serving most recently as CEO of the global reinsurance clients team.

The broker has been on Biba’s board since 2020, when she became chair of the standards committee.

Marshall Bailey replaces Simon Jeffreys, whose seven-year stint as chair is coming to an end.

John Carroll has been promoted to reinsurance solutions CEO for Australia and New Zealand.

The broker said clients can move fast in a harder market but need time to review quotes.

Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.

Richard Dudley, global head of climate strategy at Aon, says existing products such as IP coverage can help insurers take a leading role in opening up investment for new climate transition technology.

The transaction will add Latin American hurricane and earthquake modelling capabilities to Aon’s product suite.

Some expressed disappointment at the rate change, but it came off the back of a major correction last year.