Aon
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The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn. -
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.
