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 expands capabilities in India with Global Insurance Brokers acquisition
3rd April 2024
Global insurance and reinsurance broker Aon has completed the acquisition of Global Insurance Brokers (GIB) in India, a move that significantly expands the firm's existing capabilities in the country. GIB, a composite re/insurance brokerage offering services across 17 offices, is now wholly owned by Aon and will formally integrate with Aon ... Read the full article
Global reinsurer capital up 17% to $670bn in 2023: Aon
3rd April 2024
Global reinsurer capital rose by approximately 17% to $670 billion in 2023, with growth of 17% in traditional reinsurance capital and 16% growth in alternative capital to a new all-time high, according to insurance and reinsurance broker Aon. The broker's April 2024 Reinsurance Market Dynamics report shows that the rebound in ... Read the full article
Nat cats cause $65bn economic loss across Asia Pacific in 2023, says Aon
2nd April 2024
Natural catastrophes caused US $65 billion economic losses in the Asia Pacific region in 2023, according to global professional services firm, Aon. In their recently published 2024 Climate and Catastrophe Report, Aon highlighted how there were 398 natural disaster events that took place globally in 2023, ultimately resulting in a $380 ... Read the full article
April 1 reinsurance renewals more favourable to buyers: Aon
28th March 2024
The April 1st, 2024, reinsurance renewals were "more predictable and generally favorable to reinsurance buyers," with pricing broadly flat for property catastrophe reinsurance, according to insurance and reinsurance broker Aon. Aon's latest Reinsurance Market Dynamics report, scheduled to be released on April 2nd, reveals that market conditions since 1/1 2024 have ... Read the full article
Aon launches Climate Risk Monitor to drive improved risk management & renewals decision making
22nd March 2024
Global re/insurance broker Aon has launched its Climate Risk Monitor, a tool to help clients visualize and understand their exposures to physical climate risk for better business decisions. Aon’s Climate Hub in Singapore developed the Climate Risk Monitor in collaboration with the firm’s global reinsurance analytics experts. This tool launches as the ... Read the full article
2024 severe convective storm season picking up where last year left off: CoreLogic
20th March 2024
Analysis by CoreLogic estimates that 1-inch or greater hail fell on over 660,000 homes between March 13th and 14th in the central United States, causing material and destructive property damage. Dozens of severe convective storms (SCS) formed across the central U.S. over March 13th and 14th, and according to CoreLogic, ensured ... Read the full article
Aon promotes Erich Lowe to Property Leader, Greater New York
19th March 2024
Global re/insurance broker Aon has promoted Erich Lowe to the role of Property Leader for Greater New York, effective immediately. Lowe will report to Brian Simons, Eastern & Southern Region Property Leader and Managing Director for Aon. Simons commented on the promotion, "Erich's embrace of Aon’s analytics strategy is helping a diverse ... Read the full article
Cyber attack/data breaches hailed as top business risk for firms in India: Aon
14th March 2024
Cyber attack/data breaches have been identified as the top business risk for organisations across India, according to data from re/insurance broker Aon. The broker recently announced the results of its 2023 Global Risk Management Survey, which gathered data from almost 3,000 risk managers, c-suite leaders, treasurers, talent professionals and other executives ... Read the full article
Inflation continues to pressure pricing, uncertainty remains key topic, EMEA: Aon
12th March 2024
In their Q423 Market Insights Outlook for Europe, the Middle East and Africa (EMEA), Aon has highlighted how inflation continued to pressure pricing amidst generally moderate market conditions, although natural catastrophe exposed property and otherwise challenging risk types, including life science, chemicals, automotive parts, and mining risks, experienced a more ... Read the full article
Aon acquires AI-powered platform to strengthen commercial fleet proposition
7th March 2024
Global re/insurance broker Aon, has acquired Humn.ai's technology assets and intellectual property, in a move that is set to strengthen the firm's commercial fleet proposition. According to Aon, this new capability will provide the company's clients with a real-time view into commercial fleet performance to make better decisions in order to ... Read the full article
Aon bolsters Risk Capital unit with senior appointments
7th March 2024
Insurance and reinsurance broker Aon has named Arshi Ahmed as the Global Head of Analytics for financial, professional and cyber products, and Ben Von Obstfelder as Head of U.S. Casualty Analytics, both for Commercial Risk. The broker stated that these two appointments are to strengthen the advanced risk analytics capabilities within ... Read the full article
Aon appoints Darren Oliver Head of Philippines, Thailand and Vietnam
6th March 2024
Insurance and reinsurance broker Aon has announced the appointment of Darren T. Oliver as Head of Philippines, Thailand and Vietnam, with immediate effect. In his new role, based in Manila, Philippines, Oliver will be responsible for leading the new sub-region to better reflect the clients and industries the broker serves. He will ... Read the full article
Aon hires Suzanne Hughes as Head of Credit Solutions, Ireland
5th March 2024
Re/insurance broker Aon has announced that Suzanne Hughes has joined the company as Head of Credit Solutions, Ireland. In the role, she will hold responsibility for leading Aon's Credit Solutions business and client strategy in Ireland, in close cooperation with the firm's central and international teams. She joins the broker with over ... Read the full article
Aon names Roman Romeo as CEO of Bermuda Reinsurance
4th March 2024
Aon, a global professional services firm, has named Roman Romeo as Chief Executive Officer (CEO) of its Reinsurance Solutions Bermuda unit, effective April 1, 2024. The company has also confirmed that Tony Fox, CEO and Chairman of Reinsurance Solutions Bermuda, will remain serving as Chairman. In his new role, Romeo will be ... Read the full article
Aon appoints Rishi Mehra as Head of India
4th March 2024
Insurance and reinsurance broker Aon has named Rishi Mehra as the Head of India, reporting to Anne Corona, Chief Executive Officer of Asia Pacific. Mehra will begin transitioning to his new role immediately and will be based in Mumbai by mid-2024. The appointment sees Mehra join Aon’s Asia Pacific Executive Committee ... Read the full article