Reinsurance News
Aon news
Aon news, related to the insurance and reinsurance broking operations of the global consultancy and intermediary business.
Aon is one of the world’s largest brokers of both insurance and reinsurance business.
Prescriptive analytics to drive over $100 billion growth in insurance industry by 2030: Aon
22nd June 2023
Aon plc, the global professional services firm, has released its Transformative Trends report, identifying prescriptive analytics as the leading megatrend with the potential to exceed $100 billion in gross written premium (GWP) by 2030 by applying machine learning and data influx to generate actionable insights for the re/insurance industry. However, its ... Read the full article
U.S. hurricane losses to increase by 10% over 20 years due to changes in climatic activity: Aon
21st June 2023
Aon plc, the global professional services firm, has revealed how its academic collaborations are progressing climate science, enhancing catastrophe model development and helping organizations to fulfil Environmental, Social and Governance mandates. Aon’s work with Columbia University has revealed that under selected scenarios, U.S. hurricane losses would increase by at least 10% ... Read the full article
Aon & Lloyd’s collaborate with VIG to support Ukraine’s reconstruction
21st June 2023
Global professional services firm Aon and Lloyd’s have announced a collaboration with Vienna Insurance Group (VIG) to bolster Ukraine’s economic resilience and support the country’s recovery and reconstruction. As part of the UK-Ukraine Private Finance Partnership, both Lloyd’s and Aon have committed to deliver fast-track access to supplementary foreign re/insurance capacity, ... Read the full article
Aon & Zurich-backed renewal data platform Big Ticket announces launch
20th June 2023
After four years in development, Big Ticket, an industry-backed renewal data platform, was launched at the annual Airmic conference in the UK. According to the announcement, this shared corporate data platform aims to transform the $1tn global commercial insurance industry by revolutionising the ‘broken’ renewal experience for risk managers, brokers and ... Read the full article
Groupama secures €100m of reinsurance via Aon’s Randolph Re private cat bond platform
20th June 2023
Aon's Randolph Re has structured and placed a cat bond on an indemnity basis on behalf of Paris-based Groupama, which protects against adverse deviation of climatic losses in France. The Groupama Group is one of the leading mutual insurers in France and carries out its insurance and service business activities in ... Read the full article
Paul Davies named Vice Chair of Aon
16th June 2023
Global professional services firm Aon has announced the appointment of Paul Davies to the role of Vice Chair. Reporting to Aon CEO Greg Case, Davies will step away from his day-to-day client responsibilities and take on a new strategic role advising on the evolving risk management landscape and the development of ... Read the full article
Aon Bermuda names Natalie Rose its new Chief Commercial Officer
16th June 2023
Natalie Rose has been named as the Chief Commercial Officer for insurance and reinsurance broker Aon in Bermuda. Rose's remit will include catalyzing the growth of Aon's broking, insurance-linked securities (ILS) and captive management business in Bermuda and centring the Aon United strategy. Rose is a market veteran with a dynamic re/insurance ... Read the full article
Aon names head of global credit, unveils new global credit team
13th June 2023
Leading global professional services firm Aon plc appointed Ben Walker as the head of global credit, spearheading a united team that combines various credit reinsurance classes to enhance client experience and offer comprehensive solutions. It has also unveiled a new global credit team structure within its Reinsurance Solutions division. The global credit ... Read the full article
Aon launches data-driven insurer Pricing Platform
8th June 2023
Aon has announced the launch of its Pricing Platform, a software solution that aims to provide insurers with a competitive advantage through better risk selection and meaningful analytics to help drive company performance. The platform was launched by Aon’s Strategy and Technology Group. The Pricing Platform allows insurers’ in-house teams to rapidly ... Read the full article
Aon hires Marc Fakkel as Chief Technology Officer of its STG group
7th June 2023
Leading global professional services firm Aon plc has appointed Marc Fakkel as Chief Technology Officer of its Strategy and Technology Group (STG). In the role, Fakkel will report to Sherif Zakhary, Chief Executive Officer of STG. Moreover, the role will also see Fakkel play a significant role in helping to drive the ... Read the full article
Aon names Cole Mayer Head of Parametric
6th June 2023
Professional services firm Aon has announced the appointment of Cole Mayer as Head of Parametric to accelerate the adoption of index-based solutions. He joins Aon from Swiss Re, where he has held a number of senior underwriting roles throughout his time at the company. Most recently, he served as Senior Vice President ... Read the full article
Aon expands collaboration with Praedicat for liability risks
5th June 2023
Aon has expanded its strategic collaboration with Praedicat to assist it in advising clients on the transfer and mitigation of complex and evolving liability risks, including those associated with climate, microplastics, and nanotechnology. Aon first formed a partnership with Praedicat, a liability emerging risk analytics and modelling company, in 2022, focused ... Read the full article
McGill and Partners hires former Aon GRS CEO Stubbings as Partner in Bermuda
31st May 2023
Specialist re/insurance broker McGill and Partners has appointed Peter Stubbings as Partner in Bermuda. Stubbings was most recently Aon Reinsurance Solutions’ Chief Executive Officer of Global ReSpecialty. Global ReSpecialty is the division of Aon that is focused on specialty property, other reinsurance and retrocession broking. Stubbings previously worked at Guy Carpenter, where ... Read the full article
Reinsurer relationships gain heightened importance as June & July renewals approach: Aon’s Andy Marcell
30th May 2023
Professional services firm Aon's Andy Marcell emphasises that as the industry approaches the June and July renewals, the significance of reinsurer relationships are "more important than ever". Reinsurers have become increasingly discerning in their risk selection due to notable losses from catastrophes, modest investment returns, and the impact of inflationary pressures. This ... Read the full article
Drought in Spain spurs largest-ever claim for agricultural insurance: Aon
26th May 2023
The drought in Spain would be the largest claim ever paid by the Spanish agricultural insurance, according to professional services firm Aon. Agroseguro, the leading agricultural insurance provider in Spain, is bracing for an unprecedented payout of over €300 million ($325 million) in compensations due to the widespread damage inflicted by ... Read the full article