Aon
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While rates have “definitely come down,” they were coming off a high base, Rachel Turk said. -
Nine-month insured losses still exceeded $100bn due to California wildfires.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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The executive has worked at Aon for almost two decades.
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Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
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Nick Fallon is the latest in a string of retro-broker moves in the market.
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The volume of property cat aggregates placed grew 50% in 2025.
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A trend towards higher-risk ILW bonds helped keep yields in double-digits despite softer rates.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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The broker has noted that double-digit reductions are increasingly available in property.
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The bond will provide protection on an industry-loss basis, as reported by PCS.
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Cat bond broking growth contributed to 6% organic growth in reinsurance.
