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The Swiss business controls around $1.3bn in premium. -
The 3x3 plan takes the things about the firm over the last decade that have been distinctive and intensifies them.
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Aon’s three-year plan will allow the firm to go “further faster” in serving clients with increasingly complicated needs, as well as creating additional operating leverage that will create the opportunity for Aon to deploy capital more broadly, CEO Greg Case told this publication.
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The LPT comes less than a week after the legacy carrier agreed the sale of its program management business, Accredited.
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Sources said the PE heavyweight shelved the stake sale plans earlier this year as multiples in the adjusting segment remain under pressure.
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The bids received did not meet the seller’s reserve price, and it is likely to remarket the unit in two to three years.
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The Bermudian’s global property CUO and European chief says it is ready to expand if conditions remain favourable.
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Halfway through a complex restructuring is not the time for a CEO (and CFO) change.
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R&Q CEO William Spiegel will transfer to the Accredited program management business.
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The carrier was one of Certa’s original capacity providers at its 2019 launch.
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Plus, all the latest company results, executive moves and top news from the week.
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Intact and RSA will pay a £520mn cash consideration for the brokered commercial lines operation.
