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.
Aon’s ARA reports strong growth in P&C premiums in 2022 despite turbulent market
19th April 2023
The constituents of Aon’s Reinsurance Aggregate (ARA), who collectively underwrite more than 50% of the world’s life and non-life reinsurance premiums, reported strong growth in P&C premiums in 2022, driven by higher pricing and strong demand for risk transfer in a volatile operating environment. According to Aon Catastrophe Insight data, 2022 ... Read the full article
Aon appoints Zakhary as CEO of Strategy & Technology Group
17th April 2023
Global professional services firm Aon has appointed Sherif Zakhary as Chief Executive Officer of its Strategy and Technology Group within Reinsurance Solutions, effective immediately. Based in New York, Zakhary will lead over 500 colleagues worldwide to accelerate the evolution of Aon’s insurance consulting capabilities. The role will also see him enable ... 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
Aon estimates global insured catastrophe losses in Q1 2023 at $15 billion
14th April 2023
Analysts from Aon's Impact Forecasting division have estimated global losses to private and public insurance entities in Q1 of 2023 at $15 billion, while total economic losses are expected to reach at least $63 billion. According to the analysts, the $15 billion insured loss estimate is close to the average and ... Read the full article
Sarah Smith joins Aon Board of Directors
12th April 2023
Global professional services firm Aon has announced the appointment of Sarah E. Smith, a former member of the Management Committee of The Goldman Sachs Group, Inc., to its Board of Directors. Lester B. Knight, chair of Aon's board, has praised Smith’s experience and the skills she has gained through her career, ... Read the full article
India’s property cat pricing sees significant uplift at April renewal: Aon
12th April 2023
India's property catastrophe pricing increased by double digits at this April's renewal, a significant uplift for the market by historical standards, and higher than those seen in Japan, suggests Aon. Aon's analysts explain that April is the main renewal for India, as it sees a vast amount of the country’s P&C ... Read the full article
Aon names Daniel Rees Director of US Flood Model Development
11th April 2023
Global professional services firm Aon has announced the appointment of Daniel Rees as Director of US Flood Model Development. Rees joins from Verisk, where he has spent the previous five years serving as a Senior Scientist. In this role, he has helped to integrate AIR Worldwide’s US Hurricane and US Inland Flood ... Read the full article
Cat bond market reassumes growth trajectory in Q1’23: Aon
5th April 2023
The catastrophe bond market has reassumed its growth trajectory during the first-quarter of 2023, with a "markedly" increase in transaction sizes in the second half of 2022, Aon explained in its April Reinsurance Market Dynamics report. Aon said that the cat bond market has performed "relatively well" during the first-quarter of ... Read the full article
Aon Switzerland welcomes Manuel Pachalatko as Head of Cyber
5th April 2023
Aon, a leading broker, consulting and service provider, has announced the appointment of Manuel Pachlatko as Head of Cyber for Switzerland, to further strengthen the company’s cyber solutions in the country. In his new role, he will focus on the delivery of Aon’s holistic cyber solutions strategy and will continue to ... Read the full article
Global reinsurer capital declined $100bn YoY in 2022: Aon
4th April 2023
Aon has estimated that global reinsurer capital has declined by 15%, or $100 billion, to $575 billion as at the end of December 2022, driven by substantial unrealised losses on investment portfolios. According to Aon, most reinsurers reported significant premium growth in 2022 on the back of rate increases, robust demand ... Read the full article
Aon optimistic after orderly April 1st reinsurance renewals
4th April 2023
The supply / demand imbalance in the property catastrophe reinsurance market seen at January 1st showed signs of easing at the April 1st renewals, leading broker Aon to be optimistic that the market is "now on a more stable footing following a turbulent 1/1". Aon has released its April Reinsurance Market ... Read the full article
WTW names Aon’s Jackie Bolig as head of P&C CRB, North America
3rd April 2023
Global advisory, broking, and solutions company WTW has appointed Jackie Bolig as head of Property and Casualty (P&C), Corporate Risk and Broking (CRB), North America. In her new role, Bolig will focus on client retention, product development, talent strategy and driving successful carrier relationships across all twelve industry verticals, WTW said. Additionally, ... Read the full article
U.S. convective storm outbreak to drive hundreds of millions in losses: Aon
31st March 2023
The series of severe convective storms that broke out in the U.S. over the last week are estimated to cause total economic and insured losses in the hundreds of millions of dollars, suggests Aon. The devastating weather affected multiple states in the lower Mississippi River Valley and the Southeast of the ... Read the full article
Aon to boost emerging risk insights with Lifeguard collaboration
23rd March 2023
Re/insurance broker Aon, has announced a new collaboration with science crowdsourcing organisation Lifeguard to boost emerging risk insights in the property and casualty insurance sectors through engagement with the scientific community worldwide. According to the announcement, the Aon-Lifeguard collaboration will help to reduce traditional research and development time-cycles by utilising crowdsourcing ... Read the full article
UK bulk annuity market records total volume of £27.8bn in 2022: Aon
22nd March 2023
According to re/insurance broker Aon, the UK bulk annuity market recorded a total volume of £27.8 billion in 2022 and experienced its fourth successive year where more than £25 billion of business was written. In the firm’s latest UK Risk Settlement Market Update, it shows that rising market yields reduced the ... Read the full article