Aon
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The CEO downplayed the threat that market reform could pose for intermediaries. -
The broker reports double-digit growth globally on facultative placements and on US commercial risks.
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Dean Jenner and Richard Evans will report to Peter Stubbings, who heads the Global ReSpecialty component of Aon’s reinsurance arm.
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The role for Michael Moran provides a boost to the group-wide programme.
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Around two thirds of the possible half-million affected structures sustained windstorm damage, the broker estimates.
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Executives John Zern and Cary Grace are leaving the broker to pursue other opportunities.
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Reinsurance Solutions’ Bill Fearnley-Whittingstall will chair the new group.
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Aramco does not buy standalone political violence cover, but some energy policies may have contingent business interruption losses.
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A key architect of Flood Re will reunite with other Aon alumni at the start-up.
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More broadly, carriers are curtailing facility participation as the market firms.
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Benign major loss experience and investment gains contribute to a near-5-point improvement, even as the combined ratio deteriorates.
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The Insurance Insider lays bare the dynamics in the $4.5bn market in the wake of the MMC-JLT deal.
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