Aon
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The broker’s latest report finds stability but continued price discipline in most lines and regions. -
The broker has published research identifying transformative trends in the insurance industry.
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The broker said the risk from wildfire is also set to increase substantially.
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Mayer will manage a global centre of excellence for parametric products and report to Paul Schultz, CEO of Aon Securities.
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After more than a decade at ILS platforms, Brooks has returned to a broking role.
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The broker has spent around 15 years working for Aon’s reinsurance unit.
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Aon expects depleted shareholder equity to be restored over time via higher retained earnings and the ‘pull-to-par’ effect of bonds approaching maturity.
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Total economic losses came in well above average, driven by the earthquake in Turkey.
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Cat bond pricing has fallen by about 12% since year-end but margins are still strong enough that the market could be set for meaningful growth, the broker forecast.
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The broker found that the insured-loss figure for 2022 was nearly 60% higher than the annual average over the 21st century.
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The broker said cedants will return for extra property cover after a tough 1.1.
