Brokers

Aon’s plan to launch an auction platform in time for 1 January 2020 suggests a struggle is underway in the reinsurance space for the position of auction technology market leader.

Some 15 percent of cat bonds on risk will mature in Q2 next year.

The CEO was speaking as Aon launched a new auction platform in Monte Carlo.

David Priebe has been promoted from the role of vice chairman.

The executive left Aeolus last year having been with the fund manager since 2009.

The former JLT Re analytics head will be running Hyperion X Analytics, a joint venture between Hyperion X and Hyperion group.

Chris Beazley’s role has been expanded to include head of reinsurance for MS Amlin after his departure.

The organisation’s latest data showed a further acceleration in rate rises as the line strengthened for the eighth consecutive quarter.

The law creating the $21bn fund to be administered by the California Earthquake Authority was passed in July.

CAC Specialty aims to bring structured finance solutions with insurance broking capabilities.

Conan Ward was chairman of the broker’s US and Bermuda specialty business.

CEO John Carolin described the introduction of the system as a “pivotal moment” for B3i.