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.
Climate change is front and centre for reinsurers, say Aon execs
8th September 2021
As industry losses from so-called secondary perils such as wildfires, winter storms and floods continue to rise, coupled with the expectation of more frequent and severe events in general, climate change is "front and centre in most people's thinking," according to Andy Marcell, Chief Executive Officer (CEO) of Aon's Reinsurance ... Read the full article
Ida Northeast floods will add double-digit billions to economic cost: Aon
3rd September 2021
Analysts at Aon believe that flood damage in the Mid-Atlantic and Northeast regions caused by the tail-end of Hurricane Ida will result in an additional double-digit billion dollar economic loss. Ida made landfall in Louisiana on Sunday as a Category 4 hurricane, battering the state with sustained wind speeds of up ... Read the full article
Marsh names new Head of Specific Risks for UK Private Equity and M&A Practice
27th August 2021
Insurance broker and risk advisor, Marsh has appointed Stefan Farahani as Head of Specific Risks in the UK Private Equity and Mergers & Acquisitions Practice. In this newly created role, Farahani will be based in London, reporting to Alastair Lowry and Leo Flindall, Co-Heads, UK Transactional Risk, Marsh Specialty. He joins Marsh ... Read the full article
Aon announces regional senior leadership changes
26th August 2021
Aon plc has announced new regional leadership roles within its Reinsurance Solutions to further strengthen the team and enhance its local reach. Tim Ronda, Global Geographic Leader, will oversee Reinsurance Solutions’ regional capabilities worldwide to drive scale while focusing on unique regional trends and client needs. George Attard has been appointed Chief ... Read the full article
Insurance renewals demand ESG transparency: Aon
24th August 2021
With environmental, social and governance (ESG) playing an increasingly important role in the re/insurance market, analysts at Aon have argued that setting clear and transparent ESG targets will be critical for companies during their renewals. Aon cited research that shows ESG based assets could exceed US$53 trillion by 2025, representing more ... Read the full article
Aon announces global leadership appointments within Reinsurance Solutions
23rd August 2021
Global insurance and reinsurance broker Aon has announced it has made new global leadership appointments within its Reinsurance Solutions division. Joe Monaghan has been appointed as Global Growth Leader and will have full responsibility for overall growth strategy, whilst continuing as Chief Executive Officer (CEO) of Aon’s Public Sector Partnership. His new ... Read the full article
Property market still challenging, but conditions moderating: Aon
23rd August 2021
Re/insurance broker Aon has observed that the North American property market remains challenging, but notes that conditions are moderating as rate increases decelerate and the sector begins to approach equilibrium. Against this backdrop, analysts believe that insurers will be looking to increasingly regain share of classes of business deemed profitable, and ... Read the full article
Casualty market proves value as diversifier for reinsurers: Aon
18th August 2021
Re/insurance broker Aon has released a new report for the first half of 2021, giving insight into the Property & Casualty insurance market. The broker's report underlined how the casualty market is proving its value as a good diversifier for reinsurers' challenged property experience in recent years, along with robust primary ... Read the full article
CEO Case says Aon has emerged stronger from failed WTW merger: report
16th August 2021
As global insurance and reinsurance broker Aon looks forward after its failed merger with rival Willis Towers Watson (WTW), Chief Executive Officer (CEO) Greg Case has told the Financial Times that the firm has emerged stronger. Aon and WTW decided to terminate their proposed $30 billion combination last month after ... Read the full article
Aon to provide Kraft Heinz’ captive insurer with investment services
13th August 2021
Re/insurance broker Aon has been hired to provide its new investment service for captive insurers to the captive insurer of global food and beverage company Kraft Heinz. Aon works with Goldman Sachs to deliver the service, which seeks to make it easier for captive insurers to identify and access appropriate, high-quality ... Read the full article
Aon re-hires Sergio Jackson to serve as Reinsurance Solutions Senior MD
12th August 2021
Global re/insurance broker Aon has hired Joe Sergio Jackson back from TigerRisk to the US team of its Reinsurance Solutions unit as a Senior Managing Director. Jackson will be based in New York with a focus on key property accounts both regionally and globally. He’ll adopt additional responsibilities across segments of ... Read the full article
Aon cat report highlights extreme nature of German, Chinese events in 2021
12th August 2021
Extreme precipitation in mid-July resulted in the costliest European flooding event on record, and the deadliest in nearly three decades, according to re/insurance broker Aon. Catastrophic damage occurred in Western Germany, predominantly in Nordrhein-Westfalen and Rheinland-Pfalz federal states, with the official death toll listed at 197. The worst affected area was the ... Read the full article
Aon hires Joe Peiser to lead North American Commercial Risk
12th August 2021
Insurance and reinsurance broker Aon has appointed Joe Peiser as Commercial Risk Leader for its North American division. In this newly created position, Peiser will be responsible for driving Aon’s Commercial Risk strategies and growth agenda, while delivering innovative solutions that address the unmet needs of clients across North America. Peiser brings ... Read the full article
Aon bolsters M&A, transaction solutions group with 3 directors
6th August 2021
Re/insurance broker Aon has announced the addition Christophe Bonneville, Cristina Chaparro and Joyce Koch to its tax insurance team, part of the firm's M&A and transaction solutions group. Based in Paris, Bonneville joins as a Director from PWC France where he was a Director in financial services tax. He previously was a Tax ... Read the full article
D&O pricing up through Q2, finds Aon
6th August 2021
A new report by Aon Commercial Risk Solutions (US) has found that public Directors’ and Officers’ (D&O) liability pricing continued to increase through the second quarter of 2021. The pricing index of D&O insurance increased to 1.84 from 1.43 in the previous quarter, while the average cost of $1 million in ... Read the full article