Aon
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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium. -
The average change for primary policies with the same limit and deductible was a 3.5% decrease.
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Aon saw lower rates in reinsurance as capacity outstripped demand.
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President Andersen said he was optimistic about the 2025 reinsurance market.
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The broker introduced 2025 guidance for mid-single-digit or greater organic growth.
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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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