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.
A costly week of severe weather & SCS losses across US and Europe: Aon
19th July 2024
Severe convective storms (SCS) that struck parts of the US and Canada from July 13-17, as well as several countries in Europe between July 11-17, are each expected to result in economic and insured losses totaling hundreds of millions of USD, according to Aon’s weekly catastrophe report. In the US, severe ... Read the full article
Aon estimates H1’24 insured catastrophe losses of at least $58bn
19th July 2024
Total economic losses from natural catastrophe events reached $117 billion in the first half of 2024, of which at least $58 billion, or approximately 50% was covered by insurance, resulting in one of the lowest H1 protection gaps on record, according to insurance and reinsurance broking group Aon. The broker's first ... Read the full article
Organisations not moving fast enough to address global mega trends, Aon
18th July 2024
Almost three quarters (72%) of business leaders believe that their businesses are not moving fast enough to address risks associated with global megatrends across trade, technology, weather and workforce, according to a recent survey by re/insurance broker, Aon. Aon's survey, which gathered insights from C-suite and business executives in North America, ... Read the full article
Ed Thomas joins Aon as Head of Lloyd’s Capital within Reinsurance Solutions Capital Advisory unit
16th July 2024
Global insurance and reinsurance broking group Aon has named Lloyd's of London's Ed Thomas as head of Lloyd’s Capital within its Reinsurance Solutions Capital Advisory team, based in London. In his new role, Thomas takes on responsibility for leading the broker's Lloyd’s-focused Capital Advisory services. He will have a focus on capital-raising ... Read the full article
Tim Banks to lead sales for Aon’s Investment practice
10th July 2024
Global insurance and reinsurance broker Aon has announced Tim Banks has joined its UK Wealth practice as partner at a time when the company enters its next phase of growth across DB pensions, insurance and not-for-profit organisations. In his new role, Banks will lead sales for Aon’s Investment practice across various ... Read the full article
Aon names Marguerita Silitonga as President Director, Reinsurance Solutions, Indonesia
10th July 2024
Global insurance and reinsurance broker Aon has appointed Marguerita Silitonga as President Director of Reinsurance Solutions in Indonesia, effective immediately, based in Jakarta. Silitonga will have a reporting line to Musa Adlan, Executive Director and Head of Reinsurance Solutions in South East Asia at the broker. In her new role, Silitonga ... Read the full article
June/July Europe SCS may result in hundreds of millions in insured losses: Aon
5th July 2024
The recent severe convective storms that hit Western, Central, and Southeastern Europe between June 27 and July 2 are expected to result in economic and insured losses reaching hundreds of millions of EUR, according to Aon’s weekly catastrophe report. Insurance and reinsurance broking group Aon reported that large hail likely caused ... Read the full article
Alternative reinsurance capital hits record $110bn: Aon
5th July 2024
So far in 2024, the insurance-linked securities (ILS) market has seen significant growth, with the volume of alternative capital in the global reinsurance industry increasing to a record high of $110 billion through the second quarter, as reported by insurance and reinsurance broker Aon. Aon’s mid-year 2024 report reveals that each ... Read the full article
DWF strengthens insurance claims management & adjusting team with senior hires
5th July 2024
DWF, a provider of combined legal and business services, has enhanced its global Claims Management & Adjusting (CMA) division by appointing Darren Goldman as Head of North America and Antonio Herrera Sancho as Claims Director in Spain. Goldman said: "I am excited to lead the talented CMA team as the regional ... Read the full article
Increased competition and capacity at mid-year cyber renewals: Aon
4th July 2024
Mid-year cyber renewals have signalled further improvements for buyers, with plenty of capacity and increased competition leading to positive outcomes for most insurers, according to insurance and reinsurance broker Aon. After a period of rapid price increases in 2021 and 2022, the cyber insurance market continues to see new capacity, resulting ... Read the full article
Mid-year renewals reveal $5bn additional capacity for US reinsurance buyers: Aon
3rd July 2024
The June 1 and July 1, 2024, reinsurance renewals revealed sufficient capacity to meet increased demand, with an additional $5 billion available for US insurers covering catastrophe-exposed properties compared to last year, according to insurance and reinsurance broker Aon. Aon's mid-year 2024 report highlights that this extra capacity brought the total ... Read the full article
Aon strengthens analytics leadership with key appointments
3rd July 2024
Global insurance and reinsurance broker Aon has announced the appointments of Luis Acevedo as Head of Analytics for Commercial Risk in Latin America and Peter Cheesman as Head of Analytics for Risk Capital in Asia Pacific (APAC), in addition to his current role. Paul Shedden, Global Head of Advanced Risk Analytics ... Read the full article
Aon appoints Lisa Stevens as Chief Administrative Officer
2nd July 2024
Global insurance and reinsurance broker Aon has announced the appointment of Lisa Stevens to the newly established role of Chief Administrative Officer. In her new role, Stevens will continue to oversee the firm’s People Organisation, with expanded responsibilities including Marketing and Communications, and Public Affairs. Greg Case, CEO of Aon, expressed his ... Read the full article
Global reinsurer capital up 4% to new high of $695bn, reports Aon
1st July 2024
Analysis by insurance and reinsurance broking group Aon finds that global reinsurer capital increased by 4% during the first quarter of 2024 to a new high of $695 billion, with growth in both traditional and alternative capital. From the end of 2023 to the end of March 2024, global reinsurer capital ... Read the full article
Zurich & Aon reveal new clean hydrogen insurance facility
1st July 2024
Zurich Insurance Group and Aon have launched a clean energy insurance facility, providing comprehensive coverage globally for blue and green hydrogen projects with capital expenditures of up to USD 250 million. With Zurich as the lead insurer and Aon as the exclusive broker, this initiative aims to accelerate the development of ... Read the full article
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