Aon
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Aon, Willis and MMC calls reveal clients’ hard market tactics, staff retention strategies and Covid-19 headwinds.
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The appointment of an additional board member satisfies a condition of the Aon-Willis merger agreement.
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The CEO says a large proportion of the broker’s discretionary business occurs in the final quarter. -
Organic expansion of 13% in reinsurance was offset by declines in retirement solutions and data and analytics.
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The move marks a return to broking for the executive who, prior to Axa XL, worked at Willis Towers Watson.
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CEO Case says the solution creates a new type of financing for IP-rich companies.
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The executive’s departure from the Willis Towers Watson merger partner follows that of other casualty reinsurance colleagues.
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Aon’s former head of international catastrophe management will take up the position next September.
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Firms will not cover their cost of capital this year, though capital positions remain robust.
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The broker joins from Carpenter Marsh Fac and will work over property, power, energy and marine lines.
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The team is led by Julian Pratt and Michael Lambert, and includes Simon Arden and Giuliano Montano.
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The commercial risk, health and affinity chief commercial officer says a wholesale return to the City is not “safe or sensible” at this time.
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