Aon
-
Aon made a shock move on Monday to cut staff salaries for most of its staff. -
Aon’s Phillip Mallon joins the North American team and Neon’s Freya Foxall moves to the international P&C team.
-
The available funds will be distributed into the wider incentives pool.
-
Aon’s call on the order in which stakeholder sacrifices must be taken will test staff commitment to the cause.
-
Measures to retrench on cost due to Covid-19 were disclosed as the broker reaffirmed its Willis deal.
-
Attritional losses hit a 14-year high due to worsening casualty trends and man-made losses.
-
The move comes as Lockton continues an expansion into new areas of the reinsurance market.
-
The start-up has filed a countersuit against the brokerage giant after it accused founders of trade secrets misappropriation.
-
Twisters included those that struck Nashville and Jonesboro last month.
-
Stocks of major brokers surged, outpacing the broader market.
-
He was previously a treaty reinsurance managing director at Aon.
-
The move is meant to maintain a “stable corporate structure and capital flexibility” after Brexit.
