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 launches D&O Risk Analyzer for US brokers
19th August 2024
Global re/insurance broker Aon has unveiled its Directors and Officers (D&O) Risk Analyzer, a new digital offering designed to enable risk managers and brokers to better assess executive risks and tailor more impactful insurance programs. Part of a growing suite of new offerings, the new application will allow risk managers of ... Read the full article
Aon forecasts 9% rise in US employer health care costs for the coming year
16th August 2024
The cost of employer-sponsored health care in the US is expected to increase by 9.0 percent in 2025, bringing the average expense per employee to over $16,000, according to Aon, a global professional services firm. This expected rise assumes that employers won't introduce additional cost-sharing or other savings measures. It marks a ... Read the full article
Funded Re can support greater new business volumes in bulk annuity market: Aon
16th August 2024
According to a recent report from Aon, with appropriate risk controls in place, Funded Reinsurance (Funded Re) transactions can support greater new business volumes in the bulk annuity market over time. This statement from Aon follows the Prudential Regulation Authority (PRA) Supervisory Statement on 26 July 2024, which was issued with ... Read the full article
Aon expands EMEA Transportation and Logistics team with key appointments
16th August 2024
Global insurance and reinsurance broking group Aon has announced three senior appointments to strengthen its EMEA Transportation and Logistics team. Jan Steven Kelder has been named Industry Specialty Leader, Transportation and Logistics, EMEA. In this role, he will report to Luca Tassarotti, Head of Commercial Risk for EMEA, and Lee Meyrick, ... Read the full article
Insurance market remains growth-oriented, creating opportunities for buyers: Aon
15th August 2024
Many global insurers reported healthy profits in 2023, and with reinsurance market conditions improving for buyers, the insurance sector was once again growth-oriented in the second quarter of 2024, according to re/insurance broking group Aon. According to Aon's Q2 2024 overview of the global insurance marketplace, during the quarter, carriers remained ... Read the full article
Fathom & Aon’s Impact Forecasting to support Canada’s understanding of flood hazard
13th August 2024
Fathom, the flood risk intelligence organisation, part of reinsurance giant Swiss Re, and catastrophe model developer Aon's Impact Forecasting, have been granted a contract by Public Safety Canada, to enhance its understanding of flood hazard across Canada. This comes just a month after Toronto suffered significant damage and disruption from ... Read the full article
Aon names Nick Nudo Senior MD of Reinsurance for Chicago
13th August 2024
Global re/insurance broking group Aon has announced the appointment of Nick Nudo as Senior Managing Director of Reinsurance for Chicago, effective immediately. Nudo joins Aon from SCOR, where he worked for over 14 years most recently as chief underwriting officer of reinsurance North America. During his time at SCOR he held a ... Read the full article
Aon report reveals cyber insurance shortage as AI risks intensify for EMEA companies
12th August 2024
Aon, a global professional services firm, has released its 2024 Intangible versus Tangible Risks Comparison Report, underscoring the need for businesses across Europe, the Middle East, and Africa (EMEA) to reassess their cyber insurance and intellectual property (IP) protection strategies. This addresses the growing risks linked to generative artificial intelligence (Gen ... Read the full article
Aon reports dip in US P&C companies upgraded to ‘A’ by AM Best in 2023
12th August 2024
In 2023, Aon observed that only 6 out of 175 US Property and Casualty (P&C) companies were upgraded by AM Best from an “A-” to an “A” rating based on their own merit, which is below the 5-year average of 9 upgrades per year. In the first half of 2024, only ... Read the full article
Aon appoints former U.S. naval officer Admiral Stavridis to Board of Directors
9th August 2024
Global insurance and reinsurance broking group Aon has announced the appointment of Admiral James Stavridis to its Board of Directors, who will be joining August 15, 2024. Lester B. Knight, chair of Aon's board, commented: "We are pleased to welcome Admiral Stavridis to Aon's Board of Directors. Admiral Stavridis' experience as ... Read the full article
Aon promotes Ollie Barcock to lead Aviation Reinsurance, Global ReSpecialty
7th August 2024
Global insurance and reinsurance broking group Aon has appointed Ollie Barcock as the new Leader of Aviation Reinsurance for Global ReSpecialty, effective immediately. Barcock will be based in London and report to Richard Wheeler, co-leader of Global ReSpecialty. His remit in the role will include supporting the delivery of capital, customised data ... Read the full article
Aon renews climate risk research partnership with Columbia University
7th August 2024
Aon has renewed its academic partnership with Columbia University until 2027 to include research on the correlation of climate risk across various perils and regions. This renewal follows a successful first phase, where Columbia's latest peer-reviewed climate science was integrated into Aon’s Impact Forecasting tropical cyclone catastrophe model suite. Consequently, this ... Read the full article
US & Canada wildfire insured losses rising amid increased activity: Aon
2nd August 2024
Insured losses from wildfires are mounting due to increased activity in Canada and the US, with 574 active fires in Canada and 95 in the US as of August 1, according to Aon’s weekly catastrophe report. In Canada, the wildfire in Jasper National Park, Alberta, has had the most significant impact. ... Read the full article
New listing rules can help boost the UK economic growth agenda, says Aon
29th July 2024
Global insurance and reinsurance broking group Aon has said that new changes to the UK’s listing regime could "help boost economic growth and innovation on the UK stock market." The Financial Conduct Authority (FCA) recently unveiled the biggest changes to the UK listing regime in decades, which are aimed to support ... Read the full article
Aon’s Reinsurance Solutions delivers 7% organic revenue growth in Q2’24
26th July 2024
Global insurance and reinsurance broking group Aon has reported an 18% year-on-year rise in total revenue to $3.8 billion for the second quarter of 2024, with solid organic revenue growth across the business, including 7% to $635 million in its Reinsurance Solutions arm. The increase in total revenue reflects acquired revenues ... Read the full article
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