Aon
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The broker introduced 2025 guidance for mid-single-digit or greater organic growth. -
Secondary perils accounted for 65% of global insured losses in 2024.
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The Moss Landing facility has previously faced major claims.
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The associate director is exiting the broker’s product recall team after 10 years.
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Aon is in hiring mode following the departure of several senior brokers to Howden Re.
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The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
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Total economic and insured losses are “virtually certain” to reach into the billions.
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The Corporation’s CEO will run Aon Reinsurance Solutions.
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The move means Lloyd’s will have a new chairman and a new CEO in the same year.
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The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
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In property, Canada, Central and Eastern Europe and UAE renewals were impacted by losses.
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The executive said the market would soften during 2025 but would not drop through the floor.
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