The platform offers pre-agreed underwriting and claims frameworks and a 10% premium discount, and is open only to Aon clients in the US, Canada, the UK, Europe and Asia.
The deal, expected to close in the coming days, will see Japanese insurer leverage Aspen’s Lloyd’s syndicate and capital markets platform to boost its international growth strategy.
The moves extend coverage across four distinct catastrophe perils and transfer a defined share of its global casualty book to alternative capital partners via segregated Bermuda reinsurance cells.
