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 predicts growth in member options and IFA access in UK bulk annuity market in 2025
11th December 2024
Aon plc, a global professional services firm, has announced that the trend of UK bulk annuity insurers expanding member options and offering access to independent financial advisers (IFAs) at retirement will continue to grow throughout 2025. In recent years, it has become increasingly common for pension schemes to offer options within ... Read the full article
Aon names Ciaran Healy as Global Captive Leader for Commercial Risk Solutions
10th December 2024
Global insurance and reinsurance broker Aon has promoted Ciaran Healy to Global Captive Leader for Commercial Risk Solutions, effective January 1st, 2025, based in Dublin. The promotion of Healy sees John English take on the role of Chairman of Aon Global Risk Consulting (AGRC). In the new role, Healy will focus on ... Read the full article
Aon accelerates cyber product development & capital sourcing with O’Connell hire
3rd December 2024
Global insurance and reinsurance broker Aon has announced the appointment of Robert O’Connell as global cyber strategy and growth leader, executive managing director, within its Reinsurance Solutions business. Based in New York, O'Connell will lead the firm's initiatives to provide transformative value to Reinsurance Solutions' cyber clients and trading partners. This will ... Read the full article
Aon appoints Anne Corona as CEO of Enterprise Clients & Global Chief Commercial Officer
3rd December 2024
Aon, the global insurance and reinsurance broker, has named Anne Corona as the Chief Executive Officer (CEO) of Enterprise Clients and Global Chief Commercial Officer, effective January 1st, 2025. This appointment aligns with the firm's strategy to advance its commercial capabilities by deepening commercial alignment, integrating data and analytics, and service ... Read the full article
Aon Client Treaty expands line size to record 28.5% for 2025
2nd December 2024
Aon, the global insurance and reinsurance broker, has announced the successful renewal and expansion of the Aon Client Treaty (ACT), the firm's flagship London Market placement facility that helps clients respond to complexity with new sources of capital. According to the announcement, in 2025, ACT will offer 28.5% co-insurance across core lines ... Read the full article
Aviva completes £1.7bn buy-in with National Grid pension scheme
27th November 2024
Aviva has completed a £1.7 billion pensioner buy-in with the National Grid Electricity Group (the Group) of the Electricity Supply Pension Scheme (the Scheme). Aviva stated that the transaction, completed in October 2024, involved transferring the Group's existing longevity swap with Zurich Assurance Ltd and provides insurance for the benefits of ... Read the full article
Aon to acquire Mitsubishi Chemical Group’s insurance agency in Japan
27th November 2024
Aon, a global professional services firm, has announced the signing of a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG), further strengthening the re/insurance broker's risk and health offerings in Japan. The insurance agency, currently operating as part of Dia Rix, MCG’s internal business services ... Read the full article
Reinsurers can differentiate themselves beyond price competition: Aon’s Attard
25th November 2024
Reinsurers are poised to leverage a disciplined market and differentiate themselves by actively assisting insurers in managing risks and pursuing growth, moving beyond price competition, Aon’s George Attard shared in his comments following the Singapore International Reinsurance Conference (SIRC). He stated: “This year’s SIRC was an exciting time for us to ... Read the full article
Aon appoints Magnus Roe as Global Chief Data and Analytics Officer
21st November 2024
Global professional services firm Aon has appointed Magnus Roe as its Global Chief Data and Analytics officer, supporting the firm’s strategy to enhance commercial solutions through advanced analytical capabilities. Based in Singapore, Aon’s global analytics hub, Roe will lead Aon's global data and analytics team to innovate and leverage the firm’s ... Read the full article
Aon unveils new application to drive tech-driven cyber risk management
18th November 2024
Global professional services firm Aon has launched its Cyber Risk Analyzer, a digital application allowing risk managers to make technology-enabled decisions to mitigate cyber risk. According to the firm, the Cyber Risk Analyzer provides clients and brokers with unique capabilities such as loss forecasting, exposure assessment, and total cost of risk ... Read the full article
Aon and Fathom launch new Florida Flood Model for state insurers to assess exposures
15th November 2024
Aon, a global professional services firm, has been certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) to launch its new Florida Flood v3.0 model statewide to assess flood exposures in the state and inform re/insurers' rate filings. Florida Flood v3.0 was developed by Impact Forecasting, Aon’s catastrophe model, ... Read the full article
Notable insured losses expected from California mountain fire: Aon
15th November 2024
The recent mountain fire which broke out on November 6 in Ventura County of Southern California is expected to drive notable insured losses, according to global insurance and reinsurance broking group Aon. The start of the wildfire in southern California on November 6, 2024, was preceded by extreme wind gusts exceeding 75 ... Read the full article
Aon, DFC to provide $50m in war insurance for Ukrainian businesses
15th November 2024
The U.S. International Development Finance Corporation (DFC) will provide $50 million, in coordination with Aon, in political risk insurance (PRI) for a new reinsurance facility to ARX, an Ukrainian subsidiary of Fairfax Financial Holdings Limited, to support companies in Ukraine. This initiative aims to establish a range of war risk insurance ... Read the full article
Just Group completes £1.8bn buy-in with Trustee of G4S Pension Scheme
15th November 2024
Just Group, a specialist UK financial services company, has completed a £1.8 billion full buy-in with the Trustee of the G4S Pension Scheme, covering the benefits of around 22,500 members. This has become Just’s largest insurance de-risking transaction to date, as well as the largest publicly announced deal in the Bulk ... Read the full article
UK bulk annuity market in 2024 sees 83% of deals under £100m, Aon reports
14th November 2024
Aon, a professional services firm providing a range of risk, retirement, and health solutions, recently released a report on the UK risk settlement market, shedding light on significant trends and strategic shifts affecting the bulk annuity sector, especially in transactions under £100 million. The report indicates a surge in smaller transactions, ... Read the full article
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