Aon

The report also noted that global reinsurer capital totalled $660bn as of June 30 2021, a $10bn rise from the end of 2020.

The broker said that weather-related losses had become more severe in the past decade because of climate change.

Based in London, Graham Bristow, Barrie Watson and Ian Leslie all held senior roles at Aon's credit solutions.

Amanda Lyons will lead growth for US casualty, with Paul Anderson taking the same role in property.

The Texas Windstorm Insurance Association (Twia) has recommend hiring Willis Re as broker and Aon to provide catastrophe modelling services, following a review of its arrangements which were previously with Guy Carpenter.

The broker has reported successive slowdowns since rate increases hit a high in Q1 o 2020.

The appointments come after the shock departure by former president of North America for reinsurance Tim Ronda, who left late last month to become president of rival intermediary TigerRisk.

Brokers have reported strong earnings in Q3, with Aon growing by 12% and Marsh McLennan 13%.

Aon is the latest of the major brokers to report rising growth levels this quarter.

The appointment comes soon after the collapse of the merger agreement between the two brokers.

The broking giant has spent the past eight weeks executing on the strategy it developed for the combined firm.

Through the plan, employees of all levels will get stock options or cash-settled units based on the company’s performance.