Aon
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Paul Shedden joins from Sompo International, where he was head of portfolio design, pricing and analytics – global insurance. -
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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The parties will develop climate-conditioned wildfire event catalogs to support cat modelling.
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While still too early to assess the damage fully, Aon believes the impact on property, infrastructure and agriculture will be significant.
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Total issuance of $4.86bn was transacted in the primary market.
