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.
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The broker has nearly 20 years of experience in the reinsurance and retro markets.
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Matthew Towsey has spent 14 years at Aon.
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US events accounted for more than 90% of global insured losses.
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The sidecars will provide capacity for reinsurers and large insurance carriers.
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The awards celebration took place at the Hilton Bankside on 25 June.
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The documents figure in a potential criminal case against a CCB employee.
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The executive has 15 years of experience in meteorology and cat analytics.
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Most of the losses are attributable to a supercell storm in Texas.
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The carrier previously raised a Finca Re cat bond in 2022.
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Two large storms hit the Midwest and Ohio Valley regions on 14-17 May and 18-20 May.
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Sources believe the market will grow gradually over years after its initial cluster of dealmaking.
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Commutations need to be optimal for the sponsor and the investor to avoid sponsors taking back chunky risks.
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Insured losses were the second highest on record for the first quarter.
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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.
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Total economic and insured losses are “virtually certain” to reach into the billions.
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The move means Lloyd’s will have a new chairman and a new CEO in the same year.
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The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
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Increased reinsurance capacity was more than sufficient to meet continued growth in global demand.
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Magnani has served for more than 14 years in ILS broking roles.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
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A client presentation from the broker put total insured losses at $25bn-$40bn, leaving the Citizens and the National Flood Insurance Programs clear of reinsurance impacts.
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The “exceptionally large and powerful” Category 4 storm made landfall in Florida last month.
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Richard Pennay will become CEO of Aon Securities.
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Aon estimated losses for the Czech Republic at EUR775mn, Austria EUR555mn, Poland EUR285mn and Slovakia EUR33mn.
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Better performance data and clarity around entry are key, report says.
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Severe convective storms accounted for 60% of H1 global cat losses.
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The expanded team aims to increase capability across global specialty lines and property specialty retrocession.
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The US carrier abandoned the project due to high price expectations.
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Yen Chu Choo has been appointed Asia Pacific capital advisory head.
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Growth was driven by strong returns and new investors entering the market.
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Portfolios of clients of varying size in the same region aggregate more risk.
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White Rock claims CCB was responsible for the “lion’s share” of fraudulent letters of credit.
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The peril can no longer be considered secondary, according to Gallagher Re.
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The figure is well above the historical average of $39bn for this century.
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Hurricane Beryl is expected to strengthen again after hitting the Yucatan Peninsula.
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The broker said the mid-year reinsurance renewals benefitted from “more than ample” capacity.
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Evercore is leading the capital raise process and Aon is assisting with the Lloyd’s application process.
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He will report to Kelly Superczynski, Aon’s global head of capital advisory.
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The index-based coverage will be for the benefit of Lloyd’s Syndicate 1910.
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The most extensive damage was caused by rainfall in Texas, Louisiana, Mississippi and Florida.
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Juniper Re Bermuda received preliminary approval from the BMA last month.
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The broker said 1 April Japanese renewals reinforced positive trends in the US at 1 January.
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He was executive managing director in Aon’s wholesale treaty team.
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Sponsors still secured terms that were favourable relative to traditional cover.
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The conflict between US and Bermuda legal systems offers no easy route for counterparties to fraud-impacted transactions.
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The client lacked options in the conventional insurance market.
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Growth driven by 14% expansion in reinsurance solutions division.
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The committee claims Chaucer waited until it had ‘maximum leverage’ over other debtors.
