Aon
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White Rock claims CCB was responsible for the “lion’s share” of fraudulent letters of credit. -
Clients are taking advantage of market conditions to restore coverage limits.
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Sources said LSM head of third party in Miami Humberto Pozo will serve as interim head of distribution.
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The executive will end her career at Aon Bermuda effective October 1.
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Manufacturing now accounts for 41.7% of all claims, from 15.2% previously.
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Nick Nudo joins as senior managing director of reinsurance.
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The execs joined Chad Karasaki and Michael Grossi, who are heading up the new practice.
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However, the market is still struggling with excess capacity and low demand.
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Walsh is currently co-president of the northeast region.
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He will focus on the London and US markets, including the placement of consortia and binders.
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Q2 was the ninth consecutive quarter of year-over-year price decreases.
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The carrier recognized a goodwill of $256mn and intangible assets of $39mn from the transaction.
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