-
Richard Pennay will become CEO of Aon Securities. -
The broker will take a charge of $1.6bn-$2.1bn relating to the sale.
-
The smart-follow unit was launched as part of Howden’s HX in 2020.
-
The broker has also worked in underwriting roles at XL Re and TransRe.
-
The transaction will be one of the largest involving two strategics in broking history.
-
The executive joined the firm through its acquisition of RFIB.
-
The executive also worked at JLT Re as head of LatAm and Caribbean analytics.
-
The Big Four warned of an uncertain, complex outlook for 2025 and the 1 January renewals.
-
The two parties are targeting a launch by the end of the year, with scope for WTW to buy the start-up at maturity.
-
Renewals will depend on clients’ ability to differentiate themselves from broad-brush trends.
-
This publication reported Melvin’s hire on Wednesday.
-
Most Recent
-
Volante looking for capital partners as OTPP scales back
04 October 2024 -
Daily Digest: Top news from 4 October
04 October 2024 -
TIH’s Starwind confirms $270mn raise for Fractal Re sidecar
03 October 2024