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Chief of markets Patrick Tiernan said there has been "minimal improvement" in rate adequacy across political violence, terrorism and strikes, riots and civil commotion business.
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Plus the latest executive moves and all the top news of the week.
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The underwriter will be reunited with former colleague and current head of terrorism, political violence and war, Andy Bauckham.
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He will be responsible for supporting the Bermudian’s expansion in the Middle East and North Africa region.
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Warne joins from Inigo where she was head of political violence, terrorism and aviation war for nearly two years.
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SRCC losses have now also surpassed other classes of political violence insurance claims, with more than $10bn since 2015, compared with $1bn for terrorism.
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The specialty MGA cited the recent contraction in the reinsurance treaty market as a reason for its loss of capacity but said it was in advanced discussions with other providers.
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The cost of living, government distrust, polarisation, activism and climate all pose heightened risk.
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Two of the most-exposed segments to the war have experienced very different years, with sweeping PV changes contrasting to more stable conditions in parts of the aviation sector.
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Tony Day and Julia Dickinson, who both joined Aon in 2013, have previously held a number of senior roles within the political violence and terror team.
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Misalignment in T&Cs means the London market is now running far more PV risk net.
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The Lloyd’s carrier’s CEO said the market must now ‘climb out of the rehabilitation phase’.