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He rejoins Aon after 15 years at Guy Carpenter. -
Most of the broker’s clients have incurred losses below or about equal to ceded premiums and only one with losses exceeding ceded premiums.
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The executive will move to the (re)insurer after almost two years at Gallagher Re, a company he joined after the acquisition of Willis Re in late 2021.
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The executive will work within the retrocession and property specialty division, as well as supporting the London market and global production activity.
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Besides reinsurance broking, MGAs and MGUs, affinity is another segment where WTW can scale its operations, the executive noted.
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Mike Bruce was previously CEO for Global Risk Partners, acquired by Brown & Brown last year.
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The news comes two months after this publication revealed that UIB was exploring the acquisition of the Lima-based aviation-focused reinsurance intermediary.
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The company has narrowed the pool of potential US targets to acquire from six to two and expects to provide more details in coming weeks.
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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.
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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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