Results
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Aon’s CEO said the business was formerly “very underweight” in the middle market.
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The broker announced yesterday it had completed its $13bn acquisition of NFP.
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The group expects that its full-year forecast can be "exceeded significantly”.
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The executive said expansion was driven by retention and new business.
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The carrier’s reinsurance segment doubled its net result to EUR67mn.
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CEO Carl Hess hailed a “solid” first quarter of results.
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There is a high likelihood the property claim will be subrogated.
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The carrier increased its top line by 35% to $1.1bn.
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The carrier’s Q1 P&C re combined ratio is around 75%.
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The US casualty market was “challenging”, the executive said.
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The Q1 figure represents a 2-point acceleration on the 7% reported in Q4 2023.
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The carrier reported a combined ratio of 89.6% for the year.
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