Aon
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Underwriters are broadly pricing on the basis of a $1.5bn Baltimore claim, but there is uncertainty. -
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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Aon estimated losses for the Czech Republic at EUR775mn, Austria EUR555mn, Poland EUR285mn and Slovakia EUR33mn.
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Padilla has also held senior regional roles at Cooper Gay and Swiss Re.
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Better performance data and clarity around entry are key, report says.
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The move follows the recent appointment of Aon’s Brad Melvin as US president and CEO.
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The brokers called on the industry to “catalyse” the country’ growth by removing blanket exclusions.
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Italy is seeking to address an insurance protection gap that is much higher than in other European countries.
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