Aon

Magnani has served for more than 14 years in ILS broking roles.

Insured losses for 9M 2024 have hit $102bn, according to a report.

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.

The “exceptionally large and powerful” Category 4 storm made landfall in Florida last month.

Richard Pennay will become CEO of Aon Securities.

Aon estimated losses for the Czech Republic at EUR775mn, Austria EUR555mn, Poland EUR285mn and Slovakia EUR33mn.

Better performance data and clarity around entry are key, report says.

Severe convective storms accounted for 60% of H1 global cat losses.

The expanded team aims to increase capability across global specialty lines and property specialty retrocession.

The US carrier abandoned the project due to high price expectations.

Yen Chu Choo has been appointed Asia Pacific capital advisory head.

Growth was driven by strong returns and new investors entering the market.