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The business is majority-owned by Castik Capital. -
The firm said supply and demand was becoming more in balance than at 1 January renewals.
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Managing director Nick Bacon will also exit this summer.
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The only major product line to see rate increases was casualty.
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The board of directors was unanimous in its decision.
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In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
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Marsh alleges Aon also went after its clients as well as its employees.
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The executive will define strategic priorities and guide global growth.
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The Kelso and Arch-backed run-off player has retained Evercore to advise.
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The business will divide into US wholesale and specialty, and programmes and solutions.
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California wildfires had ‘little or no impact’ on property cat pricing at April 1, Dean Klisura said.
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Giles Hussey is set to join from Guy Carpenter.
