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.
Edmund Reese to serve as Aon’s next CFO
4th June 2024
Global professional services firm Aon has revealed that Edmund Reese will serve as its executive vice president and chief financial officer (CFO) from July 29, 2024. According to Aon, Reese will join the firm on July 1 to succeed Christa Davies, who will certify second-quarter 2024 results and then become ... Read the full article
$168bn in fees & commissions earned from insurance broking activity in 2023, Insuramore
4th June 2024
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around $168 billion in 2023, considerably up from around $151 billion in 2022, according to Insuramore a provider of marketing services focusing on the insurance sector. This increase is equivalent to a growth rate ... Read the full article
Climate change adaptation and transition to net zero present huge growth opportunities for insurers: Aon
24th May 2024
Aon’s Strategy and Technology Group (STG) has identified more than $20bn in potential premium growth by 2030 related to environmental megatrends, and has highlighted the importance of understanding the climate risks and opportunities to help clients through prevention and mitigation. Insurers have a crucial role to play in helping individuals, businesses ... Read the full article
May US SCS events to drive billions in insured losses: Aon
24th May 2024
The recent series of severe convective storm systems that hit the southern and eastern United States from May 16-22 are expected to cause economic and insured losses amounting to billions of USD, according to Aon’s weekly catastrophe report. Aon reported that on May 16-17, a derecho system formed over central Texas ... Read the full article
Wen Chen named Head of Agriculture for Aon’s Reinsurance Solutions APAC
23rd May 2024
Global insurance and reinsurance broking group, Aon, has named Wen Chen as the Head of Agriculture for the firm’s Reinsurance Solutions Asia Pacific (APAC) region, effective June 1st, 2024. Chen will be based in Singapore and will have a dual reporting line to Robert De Souza, President of Reinsurance Solutions in ... Read the full article
Aon names Marsh McLennan’s Ryan Barber as Global Head of Property, Commercial Risk
22nd May 2024
Global re/insurance broker Aon has appointed Ryan Barber as the Global Head of Property for Commercial Risk, effective June 24th, 2024, to further advance the firm’s Risk Capital strategy. In this new role, Barber's remit will include leading Aon’s global property practice, he will report to Cynthia Beveridge, Global Chief Broking ... Read the full article
Brazil floods: rising toll and mounting economic losses, says Aon
17th May 2024
Following recent floods in the Brazilian state of Rio Grande do Sul, the region grapples with escalating casualties and significant financial repercussions. According to insurance and reinsurance broker Aon's weekly cat report released on May 15, national authorities have confirmed that the total economic losses now surpass BRL9 billion ($1.75 billion). Meteorological ... Read the full article
Aon reveals cyber attack/data breach as top risk for financial institutions
17th May 2024
Aon, a global insurance and reinsurance broker, has revealed that cyber attack/data breach ranks first among the top business risks confronting the financial institutions industry. This insight is derived from Aon’s 2023 Global Risk Management Survey. The survey also identifies regulatory/legislative changes and economic slowdown/slow recovery as the next most critical ... Read the full article
Flood to lead Aon’s commercial risk property team in North America
15th May 2024
Global re/insurance broker Aon has announced the promotion of Vincent Flood as the firm’s new commercial risk property leader for North America. He succeeds Rick Miller, who was practice leader before his passing in April. Based in New York, Flood leads the design and implementation of complex global risk transfer programs, including ... Read the full article
Aon reports persisting protection gap for intangible assets
15th May 2024
Aon, a global insurance and reinsurance broker, highlights that a significant protection gap persists for intangible assets such as artificial intelligence (AI), cyber, and intellectual property (IP). According to findings from Aon’s recent report, only 19% of intangible assets are insured, whereas its 60% for tangible assets. However, the likelihood of ... Read the full article
Aon launches comprehensive carbon capture and storage insurance solution
14th May 2024
Aon has developed a new insurance product for international transport and storage companies engaging in storing carbon dioxide. According to the firm, this new product will provide cover for key risk exposures associated with Carbon Capture and Storage (CCS). It is also aimed at advancing the role of insurance in de-risking global ... Read the full article
Extreme weather sweeps across US, billions in losses predicted by Aon
13th May 2024
Aon's latest weekly cat report, ending May 10, highlights ongoing severe weather across the United States, with predictions of significant economic losses in the billions, particularly affecting the Southern Convective States (SCS). From May 2 to May 5, Texas experienced heavy rainfall, worsening existing flooding problems. Some areas received over 20 ... Read the full article
Aon unveils update to its Pricing Platform software
10th May 2024
Global insurance and reinsurance brokerage Aon has unveiled an update to its Pricing Platform, that is set to bring "enhanced visualisation and automation capabilities to re/insurance underwriters." It has also been confirmed, that the software update has also added new business lines including U.S. Financial lines and Cyber, as well as ... Read the full article
Aon launches suite of property risk tools for brokers in North America
10th May 2024
Global insurance and reinsurance broker Aon has launched a suite of risk analyser tools, allowing brokers in North America to receive exposure data, quantify loss potential and help risk managers make decisions based on the total cost of risk. The broker will showcase the new analytic capabilities at the Risk Management ... Read the full article
Will Allen named Executive MD of Capital Advisory, Aon’s Reinsurance Solutions
8th May 2024
Aon, a global insurance and reinsurance broker, has announced the appointment of Will Allen as Executive Managing Director of Capital Advisory within Aon’s Reinsurance Solutions. Allen has over two decades of capital management experience to his new role, having built longstanding relationships with global capital providers, and with a recent focus ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
