Aon
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Insured losses for 9M 2024 have hit $102bn, according to a report. -
Ball will succeed Jeff Poliseno, who is set to retire.
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The broker said Europeans are pushing hard for rate or attachment point relief.
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The broker expanded margins and grew earnings per share by 17% during the quarter.
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The broker is discussing the potential for "smart frequency solutions" with reinsurers.
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Continental cedants are looking for support for third and fourth events.
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Underwriters are broadly pricing on the basis of a $1.5bn Baltimore claim, but there is uncertainty.
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An estimated $6bn to $9bn will be ceded to the FHCF, and $6bn to $10bn to traditional reinsurance markets.
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She most recently led the broker’s UK insurance vertical.
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The “exceptionally large and powerful” Category 4 storm made landfall in Florida last month.
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Richard Pennay will become CEO of Aon Securities.
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Third-party litigation funding has been linked to rising casualty insurance prices.
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