Reinsurance News
Aon Reinsurance Solutions
Shailendra Sapra named CEO of Aon Reinsurance Solutions in India
15th April 2024
Global insurance and reinsurance brokerage Aon has announced the appointment of Shailendra Sapra as CEO of the firm’s Reinsurance Solutions in India and a member of the APAC region’s Reinsurance Executive Committee. In his new role, based in Mumbai, Sapra will seek to identify and develop growth opportunities for insurers and ... Read the full article
Nat cats cause $65bn economic loss across Asia Pacific in 2023, says Aon
2nd April 2024
Natural catastrophes caused US $65 billion economic losses in the Asia Pacific region in 2023, according to global professional services firm, Aon. In their recently published 2024 Climate and Catastrophe Report, Aon highlighted how there were 398 natural disaster events that took place globally in 2023, ultimately resulting in a $380 ... Read the full article
Aon names Roman Romeo as CEO of Bermuda Reinsurance
4th March 2024
Aon, a global professional services firm, has named Roman Romeo as Chief Executive Officer (CEO) of its Reinsurance Solutions Bermuda unit, effective April 1, 2024. The company has also confirmed that Tony Fox, CEO and Chairman of Reinsurance Solutions Bermuda, will remain serving as Chairman. In his new role, Romeo will be ... Read the full article
Aon’s Reinsurance Solutions posts 14% organic revenue growth in Q4’23
2nd February 2024
Aon's Reinsurance Solutions arm delivered organic revenue growth of 14% in the fourth quarter of 2023 to $332 million, as total revenue across the insurance and reinsurance broking group rose $245 million to $3.4 billion. The broker attributes the growth in its reinsurance segment to strong growth in treaty as a ... Read the full article
Aon calls for sustained re/insurance symbiosis after ‘relatively smooth’ 1.1 renewal
3rd January 2024
After a challenging year for many cedents, insurance and reinsurance broker Aon has reported a "relatively smooth" January 1st, 2024, reinsurance renewal, characterised by a rebound in profitability, rebuilding capital positions, and increased availability of retrocession capacity. Aon's latest Reinsurance Market Dynamics report notes increased appetite from reinsurers at 1.1 2024 ... Read the full article
Aon launches Marine Client Advisory Board, Fogarty to lead global marine reinsurance
3rd August 2023
Aon has announced the appointment of James Fogarty as global head of marine for its Reinsurance Solutions business, as it launches advisory board. In this new role, based in New York, Fogarty will be responsible for the re/insurer’s global network of marine reinsurance colleagues and clients. He will further integrate Aon’s ... Read the full article
Lloyd’s performance & capital strong, market positioned to meet challenges: Aon
18th July 2023
"Lloyd’s performance and capital are strong, positioning the market to meet the challenges of an ever more complicated global risk environment... A healthy marketplace is critical to enabling innovation and meeting clients’ complex needs," suggests Rupert Moore, UK CEO, Reinsurance Solutions, Aon. Moore's comments stem from a new Aon report on ... Read the full article
Lorena Calvo-Demmon joins Aon’s Reinsurance Solutions
23rd May 2023
Lorena Calvo-Demmon has recently joined Aon’s Reinsurance Solutions team as Senior Broker for Latin America, Property. She joins the company after having served at Guy Carpenter for over a decade. Calvo-Demmon most recently held the role of Vice President for the broker’s Facultative Reinsurance business for Latin America. Prior to that, she ... Read the full article
Aon’s Reinsurance Solutions names head of Treaty in Australia, New Zealand
26th April 2023
Global insurance and reinsurance broker Aon appointed Paul Grasso as head of Treaty in Australia and New Zealand for Reinsurance Solutions. Grasso, who has demonstrated expertise in the field, will assist clients in maximizing their capital in a reinsurance market that is becoming more sustainable. Previously, Grasso served as Aon’s head of ... Read the full article
Insurers face challenge of defining their own view on nat cat risks: Aon’s Shedden
21st April 2023
Aon Reinsurance Solutions' Global Head of Analytics, Paul Shedden, stated that insurers are faced with the primary challenge of defining their own view on natural catastrophe risks amidst the escalating volatility of such events. "2022 was another big year for catastrophe losses. Insured losses totalled $132 billion in 2022, 57% above ... Read the full article
David Grigg to lead Aon’s Reinsurance Solutions US cyber team
20th April 2023
Aon’s Reinsurance Solutions has named AXA XL’s David Grigg as Executive Managing Director to lead its US Cyber Reinsurance team. Based in Aon’s New York office, Grigg is to start his new role immediately. He will be reporting to Randy Stanco, co-leader of the New York/New Jersey Reinsurance Treaty Office and ... Read the full article
Swiss Re hires Aon’s Paloma Quiroga Arias as Head Risk Consulting & Analytics
17th April 2023
Reinsurance giant Swiss Re has announced that it has appointed Paloma Quiroga Arias as Head Risk Consulting & Analytics, where she will report to Russell Higginbotham, CEO Reinsurance Solutions. Paloma’s appointment is effective immediately. In her new role, she will lead a team that contains proven risk expertise, as well as deep ... Read the full article
APAC April reinsurance renewals on sounder footing than turbulent 1/1: Aon
30th March 2023
APAC (Asia-Pacific) renewals are proceeding in an orderly fashion as the reinsurance market finds itself on a more sustainable footing following a turbulent 1/1, suggests Aon Reinsurance Solutions APAC CEO, George Attard. Attard states that April 1 is a significant renewal for the Asia Pacific region, which is an important catastrophe ... Read the full article
Latin America continues to present reinsurers with opportunities, says Aon
16th March 2023
According to a report from Aon's Reinsurance Solutions, Latin America continues to present reinsurers with a host of diversification and growth opportunities. Aon's report suggests the renewal outcomes in Latin America varied by territory at January 1, with many catastrophe and loss-exposed markets experiencing price increases and capacity constraints. Property catastrophe reinsurance ... Read the full article
Casualty remains an attractive market for reinsurers, suggests Aon’s Light
14th February 2023
Despite wider reinsurance market headwinds, casualty remains an attractive market for reinsurers, especially as they look for opportunities to diversify away from property catastrophe, says Nigel Light, Global Casualty Leader, Aon Reinsurance Solutions. Light's comments stem from Aon Reinsurance Solutions' international casualty report, which suggests that the market remains largely stable ... Read the full article