Aon

The long-serving Aon broker specialises in the placement of cruise portfolios and Norwegian accounts.

The executive has worked for LSM and Brit.

The deal is expected to close in Q1 2025.

The global broker has beaten off competition from AJ Gallagher, and a number of other strategics.

Insured losses for 9M 2024 have hit $102bn, according to a report.

Ball will succeed Jeff Poliseno, who is set to retire.

The broker said Europeans are pushing hard for rate or attachment point relief.

The broker expanded margins and grew earnings per share by 17% during the quarter.

The broker is discussing the potential for "smart frequency solutions" with reinsurers.

European storm Boris could have taken a much worse toll on (re)insurers, but improvements to infrastructure and underwriting standards made it less impactful than it could have been, Daniele de Bosini, strategic growth leader for EMEA at Aon reinsurance solutions, told Insurance Insider in a live video interview at Baden-Baden.

Continental cedants are looking for support for third and fourth events.

European casualty business is not exposed to the challenges of the US market, with its social-inflation pressures, Aon co-CEO of reinsurance solutions EMEA Tomas Novotny reiterated during a video interview with Insurance Insider at this year’s Baden-Baden conference.