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The executive joins Aon after three years at IT security company vArmour, where she served as SVP and adviser to the CEO. -
Some reinsurers are in “business as usual” mode after Hurricane Ian, while others are pausing to assess the event, as it is too early to tell how cat risk appetite will change, the broker said.
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Based in Argentina, the executive has also worked for QBE, AIG and local insurance agency Meridional Seguros.
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The incoming CEO said growth areas would include the middle market, Asia, LatAm and MGAs.
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The practice will be led by Jose Antonio Osterling as chairman and Luis Felipe Ganoza as commercial director.
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The business has retained Evercore to advise on future funding options.
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Prior to joining Aon, O’Gorman previously advised central governments and private sector companies in the UK and EU on their ESG strategies.
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The firm said it did not expect “carnage” despite expectations around incoming demand.
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The CEO said the (re)insurance industry is not doing enough to meet the climate challenge ahead.
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Negotiations may focus on attachment points and the extent of double-loading for inflation.
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The broker said it would help clients to think creatively and act quickly in accessing capital.
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The broker said the fallout from the Russia-Ukraine conflict was increasing competition for business.
