Reinsurance News
Aon Reinsurance Solutions
This page contains news about Aon Reinsurance Solutions, the global reinsurance broking division of Aon, one of the leading risk capital and broking firms in the industry.
Aon’s Reinsurance Solutions division advises, structures and places business for a large client-base, across the full-range of reinsurance market solutions.
Aon’s reinsurance business announces new hire & series of UK leadership changes
7th September 2018
Global re/insurance broker Aon has announced a series of role changes within its London-based UK leadership team as well as the hiring of Peter Stubbings as a replacement for outgoing Chief Executive Officer of Global ReSpecialty, Bob Bisset. Bisset will become UK Growth Leader, overseeing Aon’s nine UK business divisions. He ... Read the full article
Aon promotes two to strengthen cyber reinsurance business
30th August 2018
Global re/insurance broker Aon has promoted Catherine Mulligan and Luke Foord-Kelcey within its Reinsurance Solutions (RS) unit to bolster its suite of cyber solutions for insurers. Mulligan has been appointed Global Head of Cyber and will be responsible for setting strategy, driving growth, building the team and working closely with Aon’s ... Read the full article
Global reinsurer capital up 1% in Q1: Aon
13th August 2018
Global, dedicated reinsurance capital increased by 1% during the first three months of 2018 from the end of 2017, to $610 billion, driven by the continued expansion of the alternative reinsurance capital space, according to Aon. Insurance and reinsurance broker, Aon, has revealed that during the first-quarter of 2018, traditional reinsurance ... Read the full article
Aon Reinsurance Solutions names head of new Global Portfolio Broking team
4th July 2018
Aon has named Andrew Matson as head of its newly formed Global Portfolio Broking team within its recently established Reinsurance Solutions business. Matson will be tasked with matching cedents seeking additional or specialist capacity with carriers looking to diversify their current risk profile and gain access to non-correlating risks. Most recently, Matson ... Read the full article
PPO propensity down 40%-50%, claims settling at higher discount rate: Aon
26th June 2018
Aon Reinsurance Solutions has released the key takeaways from its UK Motor Event, an annual seminar offering updates on trends in the UK motor re/insurance sector. Data shows that PPO propensity has dropped by 40-50% compared to historic levels. Following the new Ogden discount rates PPOs appear to have become larger, indicating ... Read the full article
International Group announces new reinsurance broking arrangements
13th June 2018
The International Group of Protection & Indemnity Clubs has restructured the broking arrangements for its General Excess Loss and Hydra reinsurance programmes following the completion of its previous tender process in June 2018. London-headquartered Miller Insurance Services has been appointed flag broker for both programmes with Aon Benfield set to serve ... Read the full article
Aon names Marcell CEO of new Reinsurance Solutions division
31st May 2018
Global broking powerhouse Aon has announced that Andrew Marcell has been appointed as the firms Chief Executive Officer of its new Reinsurance Solutions division, effective immediately. Aon recently announced a rebranding of its reinsurance broking unit Aon Benfield to just Aon and has split its operations into new Solutions divisions, one ... Read the full article
Aon establishes new Carrier Solutions groups, appoints Hennessy as CEO
30th May 2018
Re/insurance broker Aon plc has established a new Carrier Solutions group as part of its brand restructure, and has appointed Karl Hennessy as Chief Executive Officer (CEO). The newly formed group is designed to support Aon’s network of Managing General Agents (MGAs) and Managing General Underwriters (MGUs) by delivering innovative products, ... Read the full article
Misalignment of expectations entering Asia-Pacific renewals: Aon Benfield’s Attard
25th May 2018
Chief Executive Officer (CEO) of Aon Benfield Asia, George Attard, has said entering Asia-Pacific renewals at 1/1 sparked a divergence of expectations between reinsurers and insurers, in relation to what pricing the former were looking for and what buyers were looking to pay. Speaking with A.M. BestTV at the 29th EAIC ... Read the full article
Damage from Australia’s Hobart storm reaches $50mn: Impact Forecasting
21st May 2018
Overall economic damage from the storm that hit the Australian city of Hobart, Tasmania over May 10-11 is currently estimated by local officials to have reached around AUD $50 million (USD $38 million), according to Impact Forecasting, Aon Benfield’s catastrophe risk modeller. A complex low-pressure system brought rain, wind, hail and ... Read the full article
May U.S. weather event to cost at least hundreds of millions USD: Aon Benfield
18th May 2018
Private insurers and reinsurers are expected to face financial consequences after several clusters of severe thunderstorms in the United States brought widespread damage to residential and commercial property, vehicles, infrastructure, and agriculture between May 12-15. At least five people were killed and dozens more were injured during the multi-day outbreak, which inflicted ... Read the full article
Aon names Andersen and O’Connor Co-Presidents, retires business unit brands
15th May 2018
Aon has appointed Eric Andersen, current Chief Executive Officer (CEO) of Aon Benfield, and Michael O’Connor, current CEO of Aon Risk Solutions, as Co-Presidents of the firm. The appointments come alongside the announcement that Aon will be retiring its remaining business unit brands, Aon Risk Solutions and Aon Benfield, creating instead ... Read the full article
April storms drive $2.3 billion economic loss in the U.S.
10th May 2018
Impact Forecasting, the catastrophe risk modelling unit of reinsurance broker Aon Benfield, has reported that severe April storms resulted in combined economic losses of $2.3 billion in the U.S., with approximately $1.5 billion of this covered by re/insurance. According to the firm's April Global Catastrophe Recap, five separate storm systems caused ... Read the full article
Geoffrey Leathem to join Aon Benfield Africa’s executive team from Guy Carpenter
9th May 2018
Reinsurance broker Aon Benfield's Africa unit has revealed that Geoffrey Leathem will join its executive team with a focus on South African business, effective November 1st, 2018, reports BusinessTech. As well as having a focus on South African operations, Leathem's role will target strategic consulting on business development and broking ... Read the full article
Aon’s reinsurance broking revenues soar in Q1
4th May 2018
Reinsurance broking revenues at Aon plc soared in the first-quarter of 2018, with the firm reporting a 100% increase year-on-year, on a reported basis, as its Aon Benfield unit led a 3% organic revenue increase across the insurance and reinsurance broking group. Aon reported that its reinsurance business under the Aon ... Read the full article
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