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 to expand presence in UK & Ireland with Griffiths & Armour acquisition
1st November 2024
Global insurance and reinsurance broker Aon has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour, a move that aligns with its UK and Ireland expansion strategy. Upon completion of the transaction, Griffiths & Armour will become wholly-owned by Aon UK Limited and is proposed to go to ... Read the full article
Insurers brace for one of Spain’s costliest events following October floods: Aon
1st November 2024
The insurance sector is preparing for potentially one of Spain’s costliest events on record due to catastrophic flooding across eastern and southern regions that began on October 27, 2024, according to global insurance and reinsurance broking group Aon. The event began with intense rainfall and severe storms in Almería Province on ... Read the full article
Re/insurers well placed to absorb Helene & Milton losses of up to $54bn: Aon
30th October 2024
Global insurance and reinsurance broking group Aon feels that "healthy" and "well-capitalized" insurance and reinsurance markets are positioned to absorb industry losses of between $34 billion and $54 billion from hurricanes Helene and Milton. While the impacts of hurricanes Helene and Milton in Florida and beyond will likely be a challenge ... Read the full article
Buyer-friendly market opens opportunities for year-end renewals: Aon’s Peiser
30th October 2024
Buyer-friendly conditions in the global insurance market have persisted through much of the third quarter of 2024, and even accelerated in some segments, creating opportunities as the year-end renewals draw near, Joe Peiser, Chief Executive Officer Commercial Risk Solutions, Aon, has noted. Insurer confidence and growth appetite have been restored over ... Read the full article
9M’24 insured natural catastrophe losses above average at $102bn: Aon
28th October 2024
Global broking group Aon estimates insurance industry losses from natural catastrophe events in the first nine months of 2024 of at least $102 billion, with the impacts of hurricane Milton and additional events expected in the rest of the year poised to push annual insured losses above the $125 billion ... Read the full article
Ball to lead Aon’s space division as global practice leader, Poliseno to retire
28th October 2024
Global insurance and reinsurance broking group Aon has announced the retirement of Jeff Polisenof following a distinguished 30-year career in aerospace broking and risk management. As Poliseno steps down, Jared Ball will take on additional responsibility as global practice leader of space division. Poliseno’s retirement comes after a distinguished 30-year career in ... Read the full article
The reinsurance market is constructed to handle events like Helene & Milton, Aon’s Andersen
25th October 2024
The reinsurance market is constructed to handle major events like hurricane's Helene and Milton, according to Eric Andersen, President of global insurance and reinsurance brokerage, Aon. Hurricane Helene was the sixth named storm of the 2024 Atlantic hurricane season, and became the fourth of the season to make landfall in the ... Read the full article
Aon’s Reinsurance Solutions generates 7% organic revenue growth in Q3’24
25th October 2024
Global insurance and reinsurance broking group Aon has reported a 26% year-on-year rise in total revenue to $3.7 billion for the third quarter of 2024, with solid organic revenue growth across the business, including 7% to $503 million in its Reinsurance Solutions arm. Aon noted that this increase in total revenue ... Read the full article
Lloyd’s launches new parametric disaster resilience vehicle in partnership with UNCDF and Aon
24th October 2024
Lloyd's of London, the specialist insurance and reinsurance marketplace, in collaboration with the United Nations Capital Development Fund (UNCDF), has launched a new disaster resilience vehicle that will provide crucial disaster risk financing to Small Island Developing States (SIDS) in the Pacific region. Utilising the global reinsurance market as a source ... Read the full article
Adam Neverton to lead Aon’s strategic broking for professional services
22nd October 2024
Global insurance and reinsurance broker Aon has promoted Adam Neverton as Global Head of strategic broking for professions, effective immediately. In his new role, Neverton will be based in London, with a dual reporting line to John Brosnan, Head of Specialty Products, Financial and Professional services at the Global Broking Centre, ... Read the full article
Aon names Christopher Lovino as U.S. Growth Leader, Global Risk Consulting
18th October 2024
Global insurance and reinsurance broker Aon has announced the expansion of Christopher Lovino’s role to U.S. Growth Leader, Global Risk Consulting. Lovino brings nearly three decades of experience at Aon, where he has held various leadership positions. Prior to this expanded role, he served as Managing Director of Casualty Risk Consulting, overseeing ... Read the full article
Hofmann becomes US CEO of Aon Reinsurance Solutions, Traetow named US Vice Chairman
14th October 2024
Global insurance and reinsurance broking group Aon has announced that Stephen Hofmann will become U.S. CEO of Reinsurance Solutions for Aon, and Kevin Traetow will serve as U.S. vice chairman of Reinsurance Solutions. In their new respective roles, both Hofmann and Traetow will collaborate closely together to help formulate and boost ... Read the full article
Aon appoints Emma Crookes as Global Head of the insurance vertical
10th October 2024
Global insurance and reinsurance broker Aon has announced the appointment of Emma Crookes as Global Head of the insurance vertical. The insurance vertical delivers Aon’s full range of capabilities to re/insurance clients, offering relevant insights and solutions to help them achieve their strategic goals and make better business decisions. In her new ... Read the full article
Workforce dynamics & tech advancements supporting the growth of middle market businesses, Aon
10th October 2024
A new study conducted by insurance and reinsurance broking group Aon and the National Center for the Middle Market (NCMM), has revealed two key trends that are supporting the growth of middle market businesses: workforce dynamics and technology advancements. It's important to note that research was conducted through online surveys of ... Read the full article
Despite strong rates, profitability is a struggle for US homeowners insurers, says Aon
8th October 2024
Global insurance and reinsurance broker Aon has revealed that the prospective return on equity (RoE) for US diversified homeowners insurance carriers decreased by 100 basis points to 5% from last year, despite the significant rate increases achieved by carriers in 2023-24. Aon’s Homeowners Return on Equity Outlook - October 2024 report ... Read the full article
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