Aon adds Marsh’s Bullock as MD of construction and infrastructure practiceAon has added senior casualty specialist Andy Bullock to its ranks as managing director of its construction and infrastructure practice, with the new hire joining from Marsh where he most recently served as managing director, deputy leader for US casualty.
Aon brings together UK and EMEA regions under Julie PageAon is bringing together its client-serving capabilities and operations in its existing UK and EMEA regions under the leadership of Julie Page as CEO of the combined region, in a move it says will help simplify its organisation and better respond to client need, The Insurer can reveal.
Aon: Advanced analytics are shaping better decisions in Asia PacificAon’s Peter Cheesman on the role analytics are playing in helping shape insurer decision-making in the region.
ILS in APAC: A growth story in the makingAon Securities’ Jordan Brown and Yusuke Kikuchi provide an update on the developments taking place around ILS in Asia Pacific.
Marsh’s real estate head Jeff Alpaugh resigns to join Aon as president of North AmericaMarsh’s longtime global real estate and hospitality leader Jeff Alpaugh has resigned from his post after spending his entire 34-year career with the firm to join Aon as its president of North America, The Insurer can reveal.
Aon: D&O pricing drops 20% in Q3, marking sixth consecutive quarterly fallD&O prices fell by 19.7 percent in the third quarter for the sixth consecutive quarter of decreases, although the drop was lower than that in the second quarter of this year, according to a new report from Aon.
View from the topAndy Marcell, CEO of Risk Capital and CEO of Reinsurance Solutions at Aon, talks about why he is excited by the progress being made in Asia Pacific.
Wells Fargo analysts downgrade Aon shares to “underweight”Wells Fargo analysts have said they think Aon shares will underperform the rest of the insurance broker sector until the firm sees improvement in organic growth.
Aon shares close down 4% as investors digest restructuring newsAon’s restructuring plan to deliver $350mn of annual run-rate savings by the end of 2026 will largely focus on technology costs and “workforce rationalisation”, with management emphasising that the move is aimed at driving greater value and margin, as well as generating “sustained double-digit free cash flow growth”.
Aon beats EPS consensus as total revenue tops $3bnAon has reported organic growth of 6 percent for the third quarter of 2023 with adjusted earnings per share of $2.32 beating analyst consensus of $2.21.
How is technology enhancing insurers’ strategic approach?Sherif Zakhary and Morena Dell’Aglio from Aon’s Strategy and Technology Group highlight how emerging technologies are transforming the industry.
Aon’s Marcell: Stable 1.1 cat market expected amid increasing competitionAbsent any major cat events between now and 1 January, Aon’s newly appointed CEO of Risk Capital Andy Marcell expects a significantly more orderly renewal as he suggested increased competition among reinsurers to deploy capacity could put downwards pressure on pricing for some buyers.
2023 on track to become another $100bn+ loss year as record SCS bill continues to growInsured losses from natural catastrophes are expected to again top $100bn during 2023, despite the lack of large losses from this year’s Atlantic hurricane season.
Standing apart from the crowdHaving rejoined Aon in 2023, Nick Fraccalvieri, Reinsurance Solutions’ leader of EMEA facultative, explains how the firm is enhancing its competitive advantage in the region to help shape better business decisions.
Vesttoo bankruptcy court grants motion allowing discovery against Aon and White RockThe US court overseeing Vesttoo’s Chapter 11 bankruptcy proceedings has granted a motion filed by the official committee of unsecured creditors for leave to conduct discovery against Aon and White Rock and extended the deadline for response to the end of the month.
Aon: Global nat cat insured losses hit $88bn in first nine monthsAon has estimated global insured losses from natural disaster events at $88bn for the first nine months of the year – 17 percent higher than the 21st century average.
Aon London-based PSP chief broking officer Adam Neverton steps down from postAdam Neverton, Aon’s chief broking officer for its Professional Services Practice (PSP) in London, has stepped down from his post, The Insurer can reveal.
Aon names Wanat as NA commercial risk solutions headAon has handed company veteran Brian Wanat the new role of head of commercial risk solutions for North America with immediate effect.
Aon: Indian flooding could cause “billions” in economic and insured lossesThe 4 October glacial lake outburst flood in India could result in economic and insured losses totalling in the billions of US dollars, according to Aon.
Creditors in Vesttoo bankruptcy case request legal discovery on AonThe committee of unsecured creditors in Vesttoo’s Chapter 11 bankruptcy case have filed a request to conduct legal discovery on Aon and a number of its units, including Bermuda-based segregated cell platform White Rock.