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The broker’s president also noted a stabilisation in primary pricing outside of property. -
In her new position, the executive will oversee the South American region, excluding Brazil.
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The CEO also heralded the group’s “best full-year brokerage segment organic performance in decades”, with a figure of 9.7%.
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The charges spanned workforce actions, rationalizing technology and reducing the overall real estate footprint.
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The executive said the 1 January renewal was the “most challenging” in almost two decades.
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Organic growth has been slowing after a period of bumper double-digit expansion.
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Before the move, the executive spent 12 years at Aon working as a reinsurance broker based in London.
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The broker’s head of wholesale and specialty said London faces a great opportunity in 2023.
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Sources said the company obtained the license from local authorities to operate as a reinsurance broker and is running a similar process in Colombia.
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While BMS has achieved a solid price and a favourable investor structure, there are signs of a cooler M&A market ahead.
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Major M&A this year has settled the future of a number of players – while the hard market presents an opportunity for challengers.
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Aon Reinsurance Solutions has appointed fac strategic growth leader Muñoz to take over Tassarotti’s position as deputy CEO of global fac.
