Aon
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Insured losses were the second highest on record for the first quarter. -
Sykes has spent over 31 years with Aon, with the last 15 of those in Guernsey.
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The broker has also hired fellow Aon broker Barry Gordon in a role trading ILWs.
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Rachel Barnes Binnie joins as portfolio manager.
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The cat bond market surpassed $50bn by the end of Q1 2025.
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The broker has promoted Oriol Gaspa Rebull to global head of analytics strategy.
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Earlier today, Aon confirmed president Eric Andersen had stepped down from his role.
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The executive will remain with the firm as a senior adviser to the CEO until mid-2026.
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Eric Paire was head of capital advisory at Aon for nearly seven years.
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Shreeve’s role will encompass the Aon Captive & Insurance Managers’ ILS business.
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Total economic losses were $368bn, 14% above the 21st century average.
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The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
