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.
Helene insured losses will at least be in the higher single-digit billions: Aon
4th October 2024
Insurance industry losses from all perils associated with hurricane Helene, across all affected states, will likely at least be in the higher single-digit billions of USD, with economic losses forecast to be notably higher, according to insurance and reinsurance broking group Aon. Significant financial implications will be felt by much of ... Read the full article
Aon appoints Schultz Vice Chair of Reinsurance Solutions, Pennay named CEO of Aon Securities
3rd October 2024
Global insurance and reinsurance broking group Aon has appointed Paul Schultz as Vice Chair of its Reinsurance Solutions arm, with Richard Pennay taking over as Chief Executive Officer (CEO) of Aon Securities, the firm's capital markets and insurance-linked securities (ILS) specialist division. Over the past two decades, Schultz led the Aon ... Read the full article
Aon restructures senior leadership team for US Financial Services Group
3rd October 2024
Global insurance and reinsurance broker Aon has restructured its senior leadership team for US Financial Services Group (FSG), appointing Anna Digel as Chief Broking Officer. Collin Breeney and Joe Reynolds have also been promoted to co-leaders for the greater New York region, also for Aon’s US FSG. These promotions follow Kary Trocchia's ... Read the full article
Aon estimates €1.65bn market loss from September Central Europe flooding
27th September 2024
Broking group Aon has revealed a market loss estimate for the Central Europe Flooding in September 2024, caused by Storm Boris, of €1.65 billion. According to the firm's Event Response report, the deadly flooding resulted from an extreme amount of rain that fell over a large area of the region from ... Read the full article
2024 disaster relief demand triggers first IFRC-DREF insurance payout
26th September 2024
Demand for disaster relief has surpassed the ‘deductible’ threshold, triggering, for the first time, an insurance payout by the International Federation of Red Cross and Red Crescent Societies’ Disaster Response Emergency Fund (IFRC-DREF). The IFRC-DREF is a crucial source of rapid funding for National Red Cross and Red Crescent Societies during ... Read the full article
Aon launches new US severe convective storm catastrophe model
24th September 2024
Global insurance and reinsurance broker Aon has launched a new catastrophe model to analyse the impact of increasingly costly Severe Convective Storms (SCS) in the US, which the firm says reflects re/insurers "true exposures" to the peril. SCS have accounted for over 60% of global natural catastrophe losses in H124, and ... Read the full article
Aon names Jon Pipe as Head of Commercial Risk, Asia
23rd September 2024
Broking group Aon has selected Jon Pipe as Head of Commercial Risk, Asia with effect from November 2024. Pipe has 18+ years of experience with Aon, and has worked within the London, Hong Kong and Indonesia markets. In April 2019, he relocated to India to lead the growth agenda for a company ... Read the full article
Workforce protection strategies against rising wildfire risks: Aon
20th September 2024
As climate change intensifies wildfire risks, global re/insurance broker Aon highlights how organisations can protect their workforce before and after such events. In its recent report, Aon notes that North America has experienced at least one billion-dollar wildfire event in eight of the past 10 years. In contrast, such significant losses ... Read the full article
Central Europe floods expected to drive billions of EUR in total losses, says Aon
20th September 2024
The recent severe flooding that impacted Central Europe as a result of continuous rain from September 12-16 is expected to become one of the costliest events on record for the region, with billions of EUR in total losses, according to global re/insurance broking group Aon. Data disclosed by insurers and associations ... Read the full article
Aon appoints Chris Simmons as Head of Health UK
20th September 2024
Global insurance and reinsurance broking group Aon has announced the appointment of Chris Simmons as Head of Health UK. In a recent LinkedIn post, Aon stated, “Chris has spent almost three decades in the health industry, with his most recent role as Chief Broking Officer in our UK Health team. Chris ... Read the full article
Aon appoints Mona Barnes as Global Chief Claims Officer
17th September 2024
Aon, the global re/insurance broking group, has appointed Mona Barnes as Global Chief Claims Officer, effective immediately, reporting to Joe Peiser, Chief Executive Officer (CEO) of Commercial Risk. As Global Chief Claims Officer, Barnes will be expected to lead claims across Aon’s practice worldwide, working closely with the firm’s global leaders. In ... Read the full article
Aon & Intermap collaborate to enhance underwriting, risk management and portfolio modelling
11th September 2024
Intermap Technologies, a global firm specialising in 3D geospatial products and intelligence solutions, has formed a strategic collaboration with Aon’s Impact Forecasting to enhance underwriting, risk management and portfolio modelling. Intermap’s comprehensive solutions will now enable insurers to access IF’s hazard and risk maps, while improving solutions across the entire insurance ... Read the full article
Aon has been restructuring its risk business based on client need: President, Andersen
11th September 2024
Global insurance and reinsurance broking group Aon has been restructuring its risk business, based on what the firm has been seeing from client need, according to Eric Andersen, President of Aon. These comments stem from Andersen's speech at the Guernsey Finance reception held at the Monte Carlo Rendez-Vous event on Tuesday. During ... Read the full article
Aon launches Growth Decision Framework to enhance insurer performance
9th September 2024
Global insurance and reinsurance group Aon has introduced the Growth Decision Framework, a consulting service designed to help insurers enhance decision-making for optimal performance and market cycle resilience. As insurers approach the January 2025 renewal, the Growth Decision Framework from Aon’s Strategy and Technology Group aims to align capital and portfolio ... Read the full article
Aon & Marsh urge re/insurance industry to aid Ukraine’s resilience
8th September 2024
In a joint statement, Aon and Marsh McLennan have called on the re/insurance industry to aid Ukraine's resilience by facilitating economic growth, chiefly through the removal of blanket exclusions. According to the two firms, blanket exclusions ignore the diversity of risk throughout the country, preventing support for Ukraine's economy. "Additionally, since the ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
