Aon
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The executive spent over 15 years at Aon in various M&A-related positions. -
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Total insured losses are expected to range from $34bn to $54bn.
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Underwriting remains disciplined as insurers target profitable growth.
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The global broker has beaten off competition from AJ Gallagher, and a number of other strategics.
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The price for policies with the same limit and deductible decreased 6.0%.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
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Ball will succeed Jeff Poliseno, who is set to retire.
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The broker said Europeans are pushing hard for rate or attachment point relief.
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The broker expanded margins and grew earnings per share by 17% during the quarter.
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He replaces Kevin Madden who will assume the role of chairman for North American real estate.
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An estimated $6bn to $9bn will be ceded to the FHCF, and $6bn to $10bn to traditional reinsurance markets.
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