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 launches L&H reinsurance practice in India
23rd January 2025
Global professional services firm Aon has launched a life and health reinsurance practice in India to drive new capital into the sector, naming Renuka Nar and Neha Shah to key leadership roles. According to Aon, the new practice will help bring sustainable reinsurance capacity to India’s life and health insurance sector, ... Read the full article
Aon flags 60% protection gap as nat cat losses reach $368bn in 2024
22nd January 2025
According to Aon, global insurance losses in 2024 were 54% higher than the 21st-century average, covering $145 billion of the $368 billion in natural disaster damages, leaving a protection gap of $223 billion, or 60%. The $368 billion in economic losses caused by natural disasters in 2024, driven primarily by hurricanes ... Read the full article
John Neal to depart Lloyd’s in 2025 and join Aon as Global CEO of Reinsurance
8th January 2025
Lloyd’s, the world's oldest insurance and reinsurance marketplace, announced that its Chief Executive Officer (CEO), John Neal, will step down in 2025 to join broking group Aon as Global CEO of Reinsurance and Global Chairman of Climate Solutions. His departure marks a significant transition for both organisations, reflecting Neal’s influence and ... Read the full article
Reinsurers remain keen to grow property books despite easing of conditions at 1.1: Aon
8th January 2025
Even with the further easing of conditions at 1.1, the property catastrophe reinsurance market is priced to produce target expected returns for reinsurers, according to Aon's Reinsurance Market Dynamics January 2025 Renewal report. With strong capital levels and increased confidence in current pricing and terms, reinsurers are also reportedly eager to ... Read the full article
Aon appoints Renuka Nar as Head of Broking for L&H Reinsurance Solutions, India
8th January 2025
Global insurance and reinsurance broking group Aon has announced the appointment of Renuka Nar as Head of Broking for its Life and Health (L&H) reinsurance business in India. In her new role, Nar will report to Shailendra Sapra, CEO of Reinsurance Solutions, India, and Danny Alexander, Head of Life Reinsurance at ... Read the full article
Aon partners with Moody’s to enhance credit risk management solutions
8th January 2025
Aon, a global professional services firm, has formed a partnership with Moody’s to provide insurance and risk management solutions for clients. This collaboration allows Aon’s Credit Solutions teams to connect their clients with Moody’s, helping them unlock valuable credit risk insights using Moody’s credit data and analytics. By combining Aon’s client expertise ... Read the full article
Reinsurance market to remain largely attractive for buyers and sellers in 2025: Aon
7th January 2025
Global broking group Aon expects the reinsurance market to remain largely attractive for both buyers and sellers of protection in the months ahead, but has called on reinsurers to demonstrate their value as they target top line growth. In its latest Reinsurance Market Dynamics report, which explores the January 1st, 2025, ... Read the full article
Global reinsurer capital up 7% to $715bn at Sept. 30, says Aon
7th January 2025
Global reinsurer capital increased 7%, or $45 billion from $670 billion at the end of 2023 to a new high of $715 billion at September 30th, 2024, with growth in both traditional and alternative capital on the back of retained earnings, unrealised gains on bonds, and a busy period for ... Read the full article
Southeast US SCS and flooding may cause hundreds of millions in losses: Aon
6th January 2025
The severe convective storm (SCS), tornadoes, and flooding that struck the southeast US from December 26-29 may lead to combined economic and insured losses reaching hundreds of millions of USD, according to global insurance and reinsurance broker Aon. The multi-day severe weather outbreak brought heavy rainfall, wind gusts over 70 mph, ... Read the full article
Aon completes acquisition of Griffiths & Armour to strengthen UK and Ireland footprint
2nd January 2025
Aon, a large global insurance and reinsurance broking group, has announced the successful completion of its acquisition of Griffiths & Armour. The deal, finalised on January 1, 2025, enhances Aon’s strategy to broaden its regional footprint in the UK and Ireland. Moving forward, Griffiths & Armour, a well-established UK insurance broker, will ... Read the full article
Reinsurers’ desire to grow created opportunities for buyers at Jan 1 renewals, says Aon
30th December 2024
Ahead of the release of its Reinsurance Market Dynamics January 2025 Renewal report next week, re/insurance broking group Aon has noted the greater flexibility exhibited by reinsurers at the January 1st, 2025, renewals, following consecutive years of strong results in the hard market environment. According to Aon, the report will reveal ... Read the full article
CCR estimates €650-800m insured losses from Cyclone Chido in Southeast Africa
20th December 2024
Cyclone Chido, which struck several countries in Southeast Africa between December 13-16, is estimated to cause insured losses between €650 million and €800 million, according to French public reinsurer Caisse Centrale de Réassurance (CCR). The cyclone’s impact was devastating, resulting in significant loss of life and extensive property damage. The archipelago ... Read the full article
Majority of US insurers expect to exceed a growth rate of 5% in 2025: Aon
19th December 2024
Global insurance and reinsurance broking group Aon has released its latest capital poll, which showcases that most US insurers expect to exceed a growth rate of 5% in 2025. According to the firm, many survey respondents foresee a favorable environment conducive to direct premium growth, with roughly 44% expecting to grow ... Read the full article
Aon collaborates with Fathom to enhance Climate Risk Monitor solution
19th December 2024
Aon has expanded its Climate Risk Monitor solution, launched in March this year, to include enhanced flood risk capability through its most recent collaboration with flood expert, Fathom. This partnership looks to assist clients to better understand the influence of a changing climate on flood perils worldwide. The Climate Risk Monitor allows ... Read the full article
Aon & EBRD launch new Ukraine war risk insurance facility
12th December 2024
Aon and the European Bank for Reconstruction and Development (EBRD) have launched a facility supporting the revitalisation of the war risk insurance market in Ukraine, with global speciality reinsurer MS Amlin the first international reinsurance partner to join. Under this new €110 million Ukraine Recovery and Reconstruction Guarantee Facility, the EBRD ... Read the full article
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