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Aon saw lower rates in reinsurance as capacity outstripped demand.
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The company’s reinsurance business also has some exposure, the executive said.
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A quick roundup of today’s need-to-know news, including Howden, Arcadian and Nationwide.
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The MGA and 49% owner SiriusPoint could bring in a new investor.
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Jason Hart, head of proactive cyber, was also promoted to managing director.
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The Insurance Insider US news team runs you through this week’s key agency M&A.
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The carrier strengthened its GL reserves by $130mn in Q4.
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Included are tweaks to state premises liability law and reforms to trial procedure.
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President Andersen said he was optimistic about the 2025 reinsurance market.
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The move will expand Nationwide’s stop loss insurance sales to SMEs.
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The broker introduced 2025 guidance for mid-single-digit or greater organic growth.
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Earlier this month this publication revealed Howden’s $2bn+ fundraising talks with Mubadala to fund a US deal.