Aon
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Hundreds from the insurance business were among those killed on 9/11, making it one of the hardest-hit industries. -
The firm’s head of business intelligence Mike Van Slooten said strong capital levels contrasted with cat loss activity running above budgets.
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The CEO said large US retailers and wholesalers may look to enter reinsurance.
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Plus a look at reinsurers’ cat budgets and all the top news from the week.
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New chiefs announced for Asia-Pac, Emea, Canada and the Caribbean.
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Arsonists attacked a chemical warehouse owned by Indian manufacturer UPL last month, amid social unrest in the country.
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UK CEO Nick Frankland moves to a chairman role of a new consultancy unit.
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The move comes after major defections to rivals from the firm’s retail broking and reinsurance operations earlier in the year.
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Willis’s sale of its reinsurance arm was the best option it had left – but the loss will have implications for the wider business.
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The executive is leaving his role as global head of broking at Willis to take on a major role at Aon, in the aftermath of the mega-merger collapse.
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Christophe Bonneville, Cristina Chaparro and Joyce Koch join in Paris, Madrid and Amsterdam.
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The number two broker must now refocus on rebuilding internal divisions.
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