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 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
Aon names Alejandro Padilla new MD for reinsurance solutions in Latin America
7th October 2024
Broking group Aon has appointed Alejandro Padilla Mariscal as its new Managing Director, Consulting and Science Reinsurance Solutions for Latin America. In the new role, Padilla will lead the catastrophe modelling firm, ERN Evaluación de Riesgos Naturales, which Aon acquired two years ago, alongside its consulting practice. "In an environment impacted by ... Read the full article
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
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