Aon News

People Moves: Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines; Aon Promotions in Financial Services Group; Thomas-Ferrand to Lead Marsh Captive Business

Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines Zurich North America hired Nora Hattauer as head of financial lines for Zurich’s U.S. national accounts and middle market businesses. Hattauer officially starts her role at Zurich on Oct. 21. Based …

Howden Alleged to Have Poached Insurance Rival’s Team in UK Suit

One of the UK’s top insurers is accused of using a team of “recruiting sergeants” to poach talent from a rival that led to mass resignations in Brazil and London. Aon UK Ltd. sued Howden Group Holdings Ltd. in the …

People Moves: Arch Insurance Int’l Promotes Brooks to Lead Fine Art & Specie; Aon Names Schultz Vice Chair of Reinsurance, Pennay Becomes CEO of Aon Securities

This edition of International People Moves details appointments at Arch International Insurance and Aon. A summary of these new hires follows here. Arch Insurance International Promotes Brooks to Head of Fine Art & Specie Arch Insurance International announced the promotion …

US Property Insurance Rates Fall for First Time Since 2017

US property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average US property insurance rate decreased 0.94% in the second quarter from a year …

Brokerage Giants Aon, Marsh Unite In Call for Industry Aid to Ukraine

Highlighting the existence of blanket exclusions in reinsurance contracts for risks originating in the region impacted by the ongoing Russia Ukraine conflict, Aon and Marsh McLennan are jointly calling for their removal. In a joint statement issued on Sunday, the …

Risks Too Big for Insurers Just Fed a $200 Billion Market Boom in Captives

As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. Captive insurance, where companies create their own coverage vehicles, …

People Moves: Accredited Taps SCOR’s McMurdo to Lead UK, European Operations; Aon Promotes Barcock to Lead Aviation Reins., Admiral Stavridis Appointed to Board

This edition of International People Moves details appointments at program manager Accredited UK & Europe and insurance broker Aon. A summary of these new hires follows here. Accredited Taps SCOR’s McMurdo to Lead Its UK and European Operations Accredited Insurance …

Labor Market Study: 14% of Carriers Plan to Reduce Headcounts

Fourteen percent of insurance companies plan to reduce employee headcounts in the next year, according to numbers from Aon and The Jacobson Group’s latest insurance labor market study. Jeff Rieder, partner at Aon and head of STG Performance Benchmarking, said …

Public D&O Price Decreased 5.2% in Second Quarter, Says Aon

The average price for directors & officers liability insurance decreased 5.2% per $1 million in limits in the second quarter, according to Aon Commercial Risk Solutions. Aon said the decrease compared to the same quarter in 2023 was the ninth …

People Moves: Aon Taps Thomas From Lloyd’s as Head of Lloyd’s Capital; McLarens Names 2 Leadership Appointments in Latin America

This edition of International People Moves details appointments at the broker Aon and claims services provider McLarens. A summary of these new hires follows here. Insurance broker Aon plc appointed Ed Thomas as head of Lloyd’s Capital within its Reinsurance …