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.

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

Aon sees equilibrium in property market as rate increases ease

3rd August 2021

Re/insurance broker Aon has pointed to a “new equilibrium” in the property reinsurance market, as pricing momentum continued to slow through the mid-year renewal period. As part of its latest Reinsurance Market Outlook report, Aon reflected on what it considered to be “orderly” June and July reinsurance renewals, in which trends ... Read the full article

Aon hires Tasha Barbour as Managing Director for Reinsurance Solutions

3rd August 2021

Aon plc has appointed Tasha Barbour to the Managed Care team of Aon’s Reinsurance Solutions in the United States. In her position as Managing Director, Barbour will oversee new business development, including bringing innovative reinsurance and stop-loss solutions to support a variety of Managed Care organisations nationally. She will be based in ... Read the full article

Aon finds political instability, unrest slowing economic rebound from Covid

2nd August 2021

The COVID-19 pandemic has been determined by Aon to have both suppressed and aggravated terrorism and political violence risks in 2020 and 2021. Aon’s Risk Maps are designed to help firms better understand and navigate evolving political risk and political violence exposures. Lockdowns and travel restrictions have had a containing effect on ... Read the full article

Aon could have closed WTW deal, but options unappealing: CEO Case

30th July 2021

Global insurance and reinsurance broker Aon could have completed its now terminated $30 billion combination with Willis Towers Watson (WTW), but the two options proposed to close the deal would have been damaging for the firm, according to its Chief Executive Officer (CEO), Greg Case. Aon released its second-quarter 2021 ... Read the full article

Aon’s revenue from Commercial Risk jumps 20% in Q2

30th July 2021

Broking giant Aon has benefited from a 20% jump in revenue within its commercial risk segment, citing strong new business generation, retention, and management of the renewal book portfolio. This improvement has also been attributed to the more discretionary portions of Aon’s business, primarily in transaction liability, project-related work, construction, and ... Read the full article

Gallagher views M&A a key growth engine despite Aon / WTW deal collapse

30th July 2021

Gallagher’s Chairman, President and Chief Executive Officer J. Patrick Gallagher, Jr. has underlined the broker’s commitment to mergers and acquisitions as a “proven strategic growth engine,” despite the breakdown of its deal with Aon to acquire chunks of rival Willis Towers Watson. His comments came alongside Gallagher’s quarterly results statement, ... Read the full article

Aon establishes executive committee in client-focused strategic push

28th July 2021

Global re/insurance broker Aon has established a new executive committee intended to help facilitate it in accomplishing the objectives laid out across its four-pronged United blueprint. The motivations driving Aon's United Blueprint include creating new sources of value for clients, delivering more effective client service, driving innovation at scale and ensuring ... Read the full article

DoJ hails ‘victory for competition’ as Aon CEO laments poor timing

27th July 2021

Attorney General Merrick B. Garland has hailed the breakdown of the proposed combination of Aon and Willis Towers Watson (WTW) as a "victory for competition and for American businesses", as Aon CEO Greg Case notes poor timing and factors outside of their control. After filing a civil antitrust lawsuit to block ... Read the full article

Willis Towers Watson looks to return Aon merger termination fee to shareholders

27th July 2021

It appears global re/insurance broker, Willis Towers Watson (WTW), has decided to return its Aon merger termination fee to shareholders, increasing its share repurchase program by $1 billion. After news broke yesterday that Aon and WTW decided to scrap their $30 billion mega-merger plans, Aon said that it would be ... Read the full article

Analysts see ‘more go-it-alone headwinds’ at WTW than Aon as merger collapses

26th July 2021

As news broke today that Aon's proposed combination with rival re/insurance brokerage Willis Towers Watson (WTW) has been terminated, analysts at Keefe, Bruyette & Woods (KBW) see greater headwinds for WTW moving forwards. The proposed $30 billion mega-merger of two of the world's largest brokers fell apart today as the ... Read the full article

Aon, WTW terminate attempted mega-merger

26th July 2021

Re/insurance broking giants Aon and Willis Towers Watson have terminated their much publicised mega-merger, 16 months after the deal was officially announced to the world. The decision appears to have been driven by what Aon Chief Executive Officer Greg Case describes as "an impasse with the US Department of Justice." Despite quickly ... Read the full article

Aon expecting $10bn economic hit from recent European floods

23rd July 2021

The catastrophic floods seen recently across parts of Western and Central Europe are expected to drive preliminary economic losses of over $10 billion, according to a new Aon report. Torrential rainfall caused by a slow-moving area of low pressure “Bernd” resulted in catastrophic flooding across parts of Western and Central Europe ... Read the full article

Aon pegs first-half insured catastrophe losses at $42bn

21st July 2021

Analysts at re/insurance broker Aon have estimated that insured catastrophe losses during the first half of 2021 amounted to $42 billion. This is roughly in line with the 10-year average of $41 billion, but 39% above the average for the 21st Century so far, which stands at roughly $30 billion. On the ... Read the full article

Aon – Willis and US DoJ may be able to settle early on three counts

21st July 2021

According to court documents, it appears that Aon, its acquisition target Willis Towers Watson (WTW) and the US Department of Justice (US DoJ) are hoping to reach a settlement quickly on counts related to three of the market segments where the mega-merger was deemed potentially anti-competitive. It's news that could signal ... Read the full article

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