Are fixed annuities always better than variable annuities for retirement?

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Aon has announced an expansion of Pietro Toffanello’s role, with him continuing to lead Aon Reinsurance in Italy while taking on broader responsibility for Iberia, sub-Saharan Africa and Israel.

Are fixed annuities always better than variable annuities for retirement?Toffanello has served as Chief Executive Officer of Aon Reinsurance Solutions – Italy since 2022.

His expanded responsibilities recognise the experience and expertise he has developed in Italy and further strengthens collaboration between markets, encouraging greater integration of Aon’s expertise and capabilities across the EMEA region.

Toffanello brings more than 30 years of industry experience. Prior to joining Aon, he served as Head of Japan at Guy Carpenter.

Previously, he was CEO of Faraday Underwriting Limited and spent two decades at Gen Re in various senior roles, most recently as Managing Director Property & Casualty – UK, Ireland, Italy, Sub-Saharan Africa.

Willis Re

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