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.
Re/insurers can help accelerate net zero by facilitating capital: Aon’s Dudley
30th January 2023
As the re/insurance industry is feeling the emerging impacts of climate change, it also has the opportunity to help solve the climate crisis by matching capital to risk where it’s needed - such as via clean tech solutions, by de-risking projects and technology development -, Richard Dudley suggests. Aon’s Global Head ... Read the full article
Freddie Mac’s CRT programs acquire credit protection of over $800m
27th January 2023
Freddie Mac has announced that its Single-Family and Multifamily Credit Risk Transfer (CRT) programs acquired credit protection of approximately $833m on more than $50 billion unpaid principal balance (UPB) of mortgage loans. The deal was brokered by Aon plc, a leading global professional services firm, and sub-brokered by certified minority-business enterprise ... Read the full article
Natural disasters caused over $130bn global insured losses in 2022: Aon
25th January 2023
A new Aon report has estimated that global insured losses caused by natural disasters exceeded $130 billion in 2022, mainly driven by Hurricane Ian, which is the second-costliest event on record from an insurance perspective. The 2023 Weather, Climate and Catastrophe Insight report, revealed that natural disasters caused a $313 billion ... Read the full article
ILS demand to be elevated throughout 2023: Aon
25th January 2023
Analysts at Aon have said they expect demand for all forms of alternative capital to remain elevated throughout 2023 as insurers and reinsurers look to mitigate both macro-economic and reinsurance market challenges. In a new report on January reinsurance market dynamics, the broker noted that ILS capital has become an “essential ... Read the full article
Aon names McKnight Managing Director for Structured Reinsurance
24th January 2023
Insurance and reinsurance broker, Aon has appointed Michael McKnight to the role of Managing Director, Structured Reinsurance. As an insurance executive with over three decades of industry experience, McKnight specialises in the areas of actuarial, risk management, claims and underwriting. He has spent most of his career in the Bermuda marketplace, and ... Read the full article
Casualty market stable despite complications at renewals: Aon
24th January 2023
Relative to other reinsurance markets, the casualty market remains generally stable following the January renewals period, according to a recent report by re/insurance broker Aon. This is despite renewals being complicated by the demand-supply mismatch in property catastrophe. The quotation process was delayed and more involved than recent renewals, as reinsurers ... Read the full article
Aon’s Reinsurance Aggregate reports net combined ratio of 98.2% for 2022
23rd January 2023
Aon’s Reinsurance Aggregate (ARA), which analyses the financial results of 22 companies that underwrite more than 50% of the world’s life/non-life reinsurance premiums, has reported a net combined ratio across the companies of 98.2%. The ARA notes that most reinsurers continued to report strong property and casualty (P&C) premium growth in ... Read the full article
Global reinsurance capital down by $115bn to end of September 2022: Aon
18th January 2023
New data from insurance and reinsurance broker, Aon, finds that global reinsurance capital fell by 17%, or $115 billion, to $560 billion in the first nine months of 2022, as some of the world's largest re/insurance groups reported some significant declines in the period. According to Aon's January 1st, 2023, Reinsurance ... Read the full article
Apex Group, Mosaic & Aon launch fund-insurance platform
11th January 2023
Global financial services provider Apex Group has announced the launch of fund-insurance platform, Apex Protect, in partnership with specialty insurer Mosaic Insurance and Aon. Apex Protect offers enhanced directors and officers (D&O) coverage for funds, factoring ESG credentials, provided by Apex ESG Invest Check, into the insurance risk assessment. The initiative ... Read the full article
Aon appoints EMEA strategy leader for Commercial Risk Solutions
6th January 2023
Re/insurance broker Aon has announced the appointment of Agostino Fulciniti as Head of Strategy Execution for Commercial Risk Solutions in EMEA, effective January 1, 2023. Fulciniti has been working for Aon for 20 years, having joined the firm in 2009 as CFO for Aon Italy and eventually the Middle East, supporting ... Read the full article
Aon names Tassarotti Head of Commercial Risk Solutions EMEA
4th January 2023
Luca Tassarotti has been appointed to the position of Head of Commercial Risk Solutions EMEA at Aon. An industry veteran, Tassarotti began his career working as a Managing Director at the broking group Willis in the late 1990s. He joined Aon in 2006 as a Managing Director in the broker's Financial Services ... Read the full article
Aon promotes Natalia Char Mutis to Head of Commercial Risk Latam
3rd January 2023
Aon has announced that it has promoted Natalia Char Mutis to the role of Head of Commercial Risk Latam. Based in Miami, Florida, Natalia joined Aon in 2021 as Strategy and Broking Leader Commercial Risk Latam. Prior to Aon, she spent over seven years working at WTW, where she held the roles ... Read the full article
Challenges & opportunities ahead for Florida market: Aon’s Dittman
20th December 2022
According to Chris Dittman, Head of Florida Strategy for Aon’s Reinsurance Solutions, the state's reinsurance market is in a period of uncertainty as macroeconomic volatility and changing loss trends alter the supply and demand dynamic, however, he suggests there are still opportunities to achieve favourable outcomes at the upcoming renewals. In ... Read the full article
Aon names new Head of Articulating Value, Reinsurance Solutions
20th December 2022
Professional services firm Aon has appointed Paloma Quiroga Arias as Head of Articulating Value, Reinsurance Solutions. In this role, she will support Aon's long term global growth strategy, developing and tailoring value propositions that maximises the value that the firm delivers to its clients. Paloma has worked for Aon since 2013. In ... Read the full article
Barclays closes £7 billion UK longevity transaction with Aon as lead advisor
16th December 2022
The Trustee of the Barclays Bank UK Retirement Fund has insured £7 billion of liability against longevity risk, with reinsurance provided by an insurance subsidiary of Prudential Financial Inc. Global professional services firm Aon acted as lead advisor on the transaction, while Allen & Overy provided legal counsel and Willkie Farr ... Read the full article