Reinsurance News
Aon Reinsurance Solutions
Re/insurance industry has a “generational opportunity” to make a difference: Aon’s Case
12th September 2022
Greg Case, the Chief Executive Officer (CEO) of brokerage Aon, believes that the insurance and reinsurance industry is faced with a "generational opportunity" to make a difference. Case addressed an audience this morning at the PwC breakfast briefing in Monte Carlo as part of the 2022 RVS event. "We’re about to continue ... Read the full article
Reinsurance market needs more navigating than in the past: Aon’s Andy Marcell
8th September 2022
The combination of the current inflationary trend and challenges in the property space is driving growth in values and total insurable values (TIVs), leading many buyers of reinsurance to seek more limit at the upcoming renewals. But as reinsurer appetite for property catastrophe business wanes, Aon sees a marketplace "that's ... Read the full article
Nick Pritchard joins Aon in Bermuda retro broking role
2nd September 2022
Nick Pritchard has joined Aon as managing director for property retrocession in Bermuda. The move was announced on LinkedIn, with Pritchard joining the firm after two years with Vantage Risk Companies as its SVP and head of property catastrophe. Prior to Vantage, Pritchard spent three-and-a-half years at Neon, as the head ... Read the full article
Aon hires Sarah Freitag from Gallagher Re
30th August 2022
Sarah Freitag has joined insurance and reinsurance broker Aon from Gallagher Re, taking on the role of Executive Managing Director, Head of E&S Specialty P&C. Based in New York, Freitag joins Aon after spending roughly 10 months with reinsurance broker Gallagher Re, initially as Executive Vice President, Specialty Property Segment Leader, ... Read the full article
Aon beefs up its ReSolutions structured finance team
25th August 2022
Aon has made three appointments to its ReSolutions structured finance team. The team, which sits within the Capital Advisory unit in the firm’s Reinsurance Solutions division, will be joined by Sherman Power, who becomes global head of innovation alongside his role as head of ReSolutions US; Barry Gale, who becomes global ... Read the full article
Aon’s Reinsurance Solutions names WTW’s Becky Allison as COO of STG
5th August 2022
Becky Allison has been announced as the new Chief Operating Officer (COO) of re/insurance broker Aon's Strategy and Technology Group (STG), Reinsurance Solutions, based in London. In her new role, Allison takes on responsibility for the day-to-day business operations of STG. This includes implementing the division's strategy to bring Aon's expertise ... Read the full article
Aon’s Reinsurance Solutions delivers organic revenue growth of 9% in Q2
29th July 2022
Insurance and reinsurance broker Aon has announced total organic revenue growth of 8% to $3 billion in the second-quarter of 2022, on the back of growth in all business segments including a notable 9% rise in organic revenue within its Reinsurance Solutions arm. Across the firm, Aon has revealed that net ... Read the full article
$5bn+ of additional reinsurance limit sought by carriers at mid-year renewals: Aon
5th July 2022
Buyers sought an estimated additional $5 billion+ in limit at the mid-year 2022 reinsurance renewals, driven mostly by elevated inflation expectations, and also heightened secondary peril losses, reports Aon. "Faced with inflation-driven exposure growth, as well as increased frequency of secondary perils, many insurers entered the renewals looking to purchase higher ... Read the full article
Global reinsurer capital falls $30bn: Aon
1st July 2022
Aon has estimated that global reinsurer capital fell by $30bn from the end of 2021 to the end of the first-quarter of 2022. The firm said in a statement that this was driven mainly by unrealised losses on bonds, linked to rising interest rates. In addition, the firm estimated that the equity ... Read the full article
Mid-year renewals a ‘near-perfect storm’ for buyers, ‘true hard’ property market to come: Aon
30th June 2022
Alongside a stable casualty reinsurance market, buyers experienced the most challenging specialty renewals in a generation and also capacity constraints in the property space, as reinsurer appetite for catastrophe risk fell materially at the mid-year renewals, reports insurance and reinsurance broker Aon. For buyers of protection, Aon describes a "near-perfect storm" ... Read the full article
Aon appoints Toffanello as Reinsurance Solutions’ Head of Italy
24th June 2022
Global professional services firm, Aon plc has named Pietro Toffanello as Reinsurance Solutions’ Head of Italy. The move will be effective in the second half of 2022, and subject to regulatory approvals, Toffanello will replace the current long-standing Italy Chief Executive Officer (CEO) for Reinsurance Solutions - Gianluca Venturini, who will ... Read the full article
Aon makes senior UK Capital Advisory hire within Reinsurance Solutions
8th June 2022
Leading global professional services firm, Aon Plc, has appointed Joanna Parsons as strategic growth leader of UK Capital Advisory within the firm’s Reinsurance Solutions. She will be based in London, and will report to Ben Love, UK strategic growth leader for Reinsurance Solutions. Within her new role, Parsons will use her experience ... Read the full article
Aon’s Reinsurance Aggregate achieved ROE of 10.9% in 2021
27th May 2022
A new report reveals that the Aon Reinsurance Aggregate achieved a return on equity (ROE) of 10.9% in 2021, which is the best result since 2014. The firm said that investment returns provided much of the impetus, with equities and other alternative assets performing strongly during the year. On the underwriting side, ... Read the full article
Aon reports strong Q1 as Reinsurance Solutions delivers 7% organic growth
29th April 2022
Aon's Reinsurance Solutions unit witnessed a 6% rise in revenue in the first-quarter of 2022 to $976 million, as the broker reports organic revenue growth of 8% across the business in the period. At $3.7 billion, insurance and reinsurance broker Aon's total revenue increased by 4% in Q1 2022 when compared ... Read the full article
Aon’s Reinsurance Solutions contributes to robust revenue growth in 2021
4th February 2022
Global broker Aon has reported an increase in total revenue of 4% to $3.1 billion for the fourth quarter of 2021 and growth of 10% to $12.2 billion for the full year, driven in part by an improved performance in its Commercial Risk Solutions and Reinsurance Solutions segments. For the quarter, ... Read the full article