Aon
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As federal courts and the SEC take a more critical view of the vehicles, D&O underwriters are approaching coverage with caution.
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Aon will have 20 days to amend the complaint with detailed allegations against Marsh USA and sister company MMA.
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In its 2021 captives report, Aon found that both cyber captive premiums and environmental captive premiums have skyrocketed in tandem with emerging ESG and cybersecurity priorities.
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Pressure on Root cools following stock price dips, but persistent short interest in InsurTechs suggests that prices haven’t bottomed out yet.
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The firm’s head of business intelligence Mike Van Slooten said strong capital levels contrasted with cat loss activity running above budgets.
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The brokers will have one year to reach private mediation or otherwise set for a jury trial that could last seven to ten days.
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The broker has partnered with the industrial Internet of Things firm to help construction companies “prevent incidents before they happen”.
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The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.
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UK CEO Nick Frankland moves to a chairman role of a new consultancy unit.
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The move comes after major defections to rivals from the firm’s retail broking and reinsurance operations earlier in the year.
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Berkshire Hathaway’s Aon holding rose 7.3% in Q2, with the Marsh McLennan stake down 21%.
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The emergence of Covid-19, combined with a surge in natural catastrophes, is changing the way society thinks about such events, the broker says.
