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 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
Competitive reinsurance marketplace observed at mid-year renewals, landscape remains dynamic, Aon
27th June 2024
Global re/insurance broker Aon has reported that insurers generally achieved positive mid-year renewal outcomes, which included rate reductions for property catastrophe risk and improvements in terms and coverage. However, the broker notes, that while a "more competitive reinsurance marketplace was observed", the landscape remains "somewhat dynamic" due to volatility in secondary peril ... Read the full article
Allianz develops parametric solution to support Colombian farmers battling climate change
26th June 2024
Allianz Colombia has developed a new product, based on a parametric insurance policy, that would help protect the country’s farmers livelihood as well as access to credit to strengthen their financial resilience. The parametric insurance policy would be triggered by predetermined parameters, in this case rainfall levels that endanger crops, either ... Read the full article
Southern New Mexico wildfires bring potential for hundreds of millions in losses: Aon
21st June 2024
Aon, a professional services firm specialising in risk management and insurance solutions, has underscored in their weekly catastrophe report the significant economic impact of the ongoing wildfires in southern New Mexico, where potential losses could soar into the hundreds of millions of dollars. Recent wildfires have devastated southern New Mexico, particularly ... Read the full article
Aon sells intellectual property platform assets to Moat Metrics
20th June 2024
Global re/insurance broker Aon has sold technology and intellectual property (IP) assets to Moat Metrics Inc., a Washington-based company that delivers AI driven business and research intelligence. Lee, founder and CEO of Moat Metrics, said: “We are grateful for our time at Aon as IP Solutions became a leading provider of ... Read the full article
Aon names Tracy-Lee Kus Head of its London-based Global Broking Centre
20th June 2024
Global professional services firm Aon has appointed Tracy-Lee Kus as Head of its London-based Global Broking Centre (GBC), effective from the 1st of September 2024. Kus holds more than 30 years of experience in the insurance industry, having previously worked in South Africa, Singapore and the United Kingdom. After time elsewhere, Kus ... Read the full article
Strong solvency levels to boost UK risk settlement market in H2 2024: Aon
19th June 2024
Strong solvency levels will boost the UK pension scheme risk settlement market in the second half of 2024, according to global insurance and reinsurance broker Aon. According to analysts, the publication of insurers’ latest annual returns confirmed that solvency levels remain strong and with ample headroom to support significant new business ... Read the full article
Insurers continue to face capital challenges: Aon
18th June 2024
Aon, a global insurance and reinsurance broking group, has released its latest capital poll, highlighting the capital challenges and growth prospects for insurers. The challenges faced in 2023 significantly reduced the financial buffers that many insurers previously benefitted, leading to a heightened focus on capital management and diverse funding sources. Despite robust ... Read the full article
Aon unveils new platform for motor fleet operators
18th June 2024
Global insurance and reinsurance broker Aon, has launched a new platform to help motor fleet operators understand where risk is within their fleet. The new platform, which is called Fleet Risk Intelligence, aims to reduce accidents, improve operations and reduce costs. According to the broker, the platform provides actionable insights to fleet operators ... Read the full article
June US SCS flooding spurs anticipation of hundreds of millions in insured losses: Aon
17th June 2024
Aon, a professional services firm providing risk, retirement, and health solutions, has released a weekly catastrophe report showing that since June 11, Southern Florida has faced substantial financial losses due to prolonged and excessive rainfall and severe convective storms (SCS). This has led to significant flash flooding and expected economic and ... Read the full article
June Central Europe SCS & flooding drive hundreds of millions in insured losses: Aon
14th June 2024
The recent severe convective storms and flooding that have affected multiple countries in Central Europe since June 6 are expected to result in economic and insured losses amounting to hundreds of millions of EUR, according to Aon’s weekly catastrophe report. Aon highlighted a multi-hazard event occurring from June 7-9 in eastern ... Read the full article
Aon, US DFC launch re/insurance program to unlock and accelerate investment in Ukraine
12th June 2024
Global insurance and reinsurance broker Aon has collaborated with the U.S. International Development Finance Corporation (US DFC) on a new $350 million insurance program designed to accelerate new capital investments and economic recovery in Ukraine. As the war in Ukraine persists more than two years after Russia's invasion, this first-of-its kind ... Read the full article
German Insurance Association expects recent flooding to cost insurers around €2bn
10th June 2024
The German Insurance Association (GDV) reported last week that torrential rains and flooding in Bavaria and Baden-Württemberg, between May 31st and June 4th, is expected to result in insured losses of around €2 billion (USD 2.15bn). The floods damaged homes, businesses, infrastructure, and farmland across parts of southern Germany, prompting the ... Read the full article
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