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Sources said Baron is joining Price Forbes after nearly seven years at Aon, where he was managing director based in South Florida. -
Prior-year legacy deals and higher reinsurance costs are just some of the issues that brokers, MGAs and other cedants are confronting in clearing up after the debacle over allegations regarding faked letters of credit.
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Guy Carpenter has succeeded in bringing Ronda into the suit, while Baotic and Nicosia will not be added.
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The recruitment continues a period of expansive hiring for the intermediary.
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The Brown & Brown CEO will cycle 470 miles in seven days through the Alps, climbing 66,000 feet, with his brothers.
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Tysers’ pullback comes as other broking firms have expanded their LatAm operations via M&A or strategic hiring in recent years.
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The executive left Ardonagh in March as the group restructured its specialty broking operations.
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WTW exploring reinsurance exec recruitment comes at a time of competitive tension in the market.
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The broker said it believes it has meritorious defenses and intends to vigorously fight the claims and seek recourse against third parties where appropriate.
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Depressed M&A activity is a headwind likely to impact Aon for the remainder of the year.
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Gallagher Re posted 11% organic growth in Q2, down from 12% in Q1, while RPS recorded 10%, up from 8% the previous quarter.
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The broker said that key hires – including Lucy Clarke – would pay off in improved results.
