Reinsurance News

Aon Reinsurance Solutions

Aon’s Steve McGill steps down to pursue new opportunities

25th January 2017

Steve McGill the Group President of insurance and reinsurance brokerage Aon is stepping down from the company to pursue new opportunities, the firm said today. McGill, who also held the position of Chairman and CEO of Aon's Risk Solutions group, has been in the insurance and reinsurance industry for around 40 ... Read the full article

Aon appoints executives to risk and consulting divisions

19th January 2017

Aon today announced the appointment of two executives to its risk and consulting divisions; James Platt will take on the role of Chief Operating Officer (COO) of Aon Risk Solutions and Michael Moran as Chief Executive Officer (CEO) of Aon Inpoint.  Platt will work with Mike O’Connor, CEO of Aon ... Read the full article

A third of total catastrophe losses in 2016 from flooding: Aon Benfield

17th January 2017

Reinsurance broker Aon Benfield named flooding as 2016’s top risk in its 2016 Annual Global Climate and Catastrophe Report released today. 2016 was the fourth consecutive year where flooding was the costliest global peril -  at $62 billion it caused nearly one-third of the $210 billion global economic losses. After flooding, the reinsurance broker listed ... Read the full article

Rating agency & regulatory changes to increase reinsurance demand: Aon

11th January 2017

Recent developments with rating agency criteria, and regulatory changes across the world has resulted in a narrowing of the gap between differing capital requirements for reinsurers, which is expected to increase demand for reinsurance protection in the near future, according to Aon Benfield. Reinsurance brokerage Aon Benfield, in a recent Reinsurance Market ... Read the full article

Insurers take advantage of buyers market at 1 Jan renewals: Aon Benfield

9th January 2017

Some reinsurance buyers took advantage of favourable terms and conditions (T&C) and the efficient wealth of reinsurance capacity at the key January 1st 2017 renewals, resulting in an increased demand for protection in more developed regions, according to Aon Benfield. As expected, the softening reinsurance environment persisted into 2017 and industry players ... Read the full article

Global reinsurance capacity hits new record of $595bn: Aon Benfield

6th January 2017

Dedicated, global reinsurance capital increased by 5.3% to a record high of $595 billion over the nine months to September 30th, 2016 and, overall, demand for reinsurance protection increased during the period, according to reinsurance broker Aon Benfield. Traditional reinsurance capital increased by 4.7% over the nine months to September 30th, ... Read the full article

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