Brokers

It is understood that the executive joined THB Peru in a managing director position.

The broker said clients can move fast in a harder market but need time to review quotes.

The Envest transaction includes the acquisition of Aviso Group, a network of broking offices across five states and 10 MGAs.

In addition, the executive will be eligible to participate in the company's long-term incentive program with a target grant date value of $11.1mn.

James Bannister has spent 12 years in total at Aon, with his time at the broker split in half by a two-year stint as a PV underwriter at Sompo Canopius.

The transaction will add Latin American hurricane and earthquake modelling capabilities to Aon’s product suite.

Moves to push down London broker commissions highlights the options open to write reinsurance platforms in other markets.

The company, valued at $23bn in May, intends to use the facility to fund future acquisitions and related fees and expenses.

New owner AUB expects the acquisition to deliver A$25mn in synergies.

CEO Greg Case said dislocation in the reinsurance market created “tremendous opportunities” for the firm.

Staff are following their former leaders Mike Godfrey and David Long to the General Atlantic, CDPQ and Hg-backed broker.

Anthony Siggers previously held a number of senior positions at WTW, including global head of broking operations, technology and analytics.

Guy Carpenter is lining up for a challenging 1 January renewal, but hard conditions may ultimately prove a tailwind.

Heath joined Piiq in 2020 as one of its earliest employees.

Lockton said the new program provides full access to London market capacity, estimated to be in excess of $850mn for custody coverage.

The broker is looking to solve the severe capacity crunch for its clients as rising demand meets falling supply.

Paul Shedden joins from Sompo International, where he was head of portfolio design, pricing and analytics – global insurance.

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.

Based in Argentina, the executive has also worked for QBE, AIG and local insurance agency Meridional Seguros.

The incoming CEO said growth areas would include the middle market, Asia, LatAm and MGAs.

The practice will be led by Jose Antonio Osterling as chairman and Luis Felipe Ganoza as commercial director.

The business has retained Evercore to advise on future funding options. 

Prior to joining Aon, O’Gorman previously advised central governments and private sector companies in the UK and EU on their ESG strategies.