Aon
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The broker said clients can move fast in a harder market but need time to review quotes. -
Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.
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Preliminary total economic losses this year through Q3, including an initial view of Hurricane Ian based on publicly available estimates, were $227bn.
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Paul Shedden joins from Sompo International, where he was head of portfolio design, pricing and analytics – global insurance.
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The ILS broking leader was speaking at the first in-person Munich Re ILS roundtable at the Monte Carlo Rendez-Vous since the pandemic.
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The CEO said the (re)insurance industry is not doing enough to meet the climate challenge ahead.
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Steve Bowen will work closely with the Gallagher Research Centre, which was launched just yesterday.
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The broker said 2022 cat bond issuance was likely to match the record levels of 2021.
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Aon’s reinsurance solutions CEO, Andy Marcell, said the loss ratios of treaties managed by the brokerage firm performed “pretty well” in the past 10 years.
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In its ILS annual report, the broker noted that demand for capacity now exceeded supply of capital.
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The executive brings more than 15 years of industry experience, having worked for Neon and Validus Reinsurance.
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The leadership restructure comes on the 25th anniversary of White Rock Group.
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