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.
Increasing weather risks demand new strategies and approaches: Aon report
8th May 2024
Aon’s 2024 Client Trends Report outlines four megatrends impacting global business, with one of them being weather, driven by the escalating frequency and severity of extreme events, compelling organisations to manage climate risk in an increasingly holistic way. With climate change escalating the occurrence and intensity of natural disasters and extreme ... Read the full article
US SCS and tornado activity may drive billions in losses, says Aon
3rd May 2024
Severe convective storms, tornadoes, strong winds, hail and flooding struck central United States throughout the last week, which could potentially result in a loss that runs into the billions of dollars, on both an economic and insured basis, Aon has said. In the broker's weekly cat report, it reveals that the ... Read the full article
Aon introduces new cyber solutions product to support mid-market clients
2nd May 2024
Aon, a global insurance and reinsurance broker, has introduced Cedar, a new cyber solutions product aimed at providing long-term stability and support for mid-market clients globally. Cedar is underwritten by Aon Underwriting Managers and a team of cyber underwriters, backed by A+ rated Lloyd’s carriers. Developed through collaborative planning and execution across ... Read the full article
Q1’24 insured nat cat losses above average at $17bn at least: Aon
29th April 2024
Global losses from disaster events reached $45 billion in the first quarter of 2024, of which at least $17 billion was covered by insurance, with an estimated quarterly protection gap of 64%, according to insurance and reinsurance broker Aon. Insurance and reinsurance industry losses of at least $17 billion from disasters ... Read the full article
Aon & NFP combination a ‘tour de force revenue opportunity,’ says CEO Case
26th April 2024
Insurance and reinsurance broking group Aon feels great about its now completed acquisition of middle-market property and casualty (P&C) broker NFP, with Chief Executive Officer (CEO), Greg Case, describing it as "a tour de force revenue opportunity." After announcing the completion of its $13.4 billion takeover of NFP and a ... Read the full article
Aon’s Reinsurance Solutions delivers 7% organic revenue growth in Q1’24
26th April 2024
Global insurance and reinsurance broker Aon has reported a 5% increase in total revenue in the first quarter of 2024 to $4.1 billion, reflecting 5% organic growth and a strong performance its Reinsurance Solutions arm. Aon attributes the $199 million increase in total revenue to ongoing strong retention, net new business ... Read the full article
Aon completes acquisition of broker NFP
26th April 2024
Global insurance and reinsurance brokerage Aon has completed the previously announced acquisition of NFP, a middle-market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor. This acquisition expands Aon's presence in the middle-market segment, along with adding capabilities across property and casualty brokerage, benefits consulting, wealth management ... Read the full article
Chubb acquiring pet insurance MGA from Aon
24th April 2024
Global insurer Chubb has announced its acquisition of Healthy Paws, a managing general agent (MGA) specialising in pet insurance, from insurance and reinsurance broker Aon. Chubb has been the exclusive underwriter of the Healthy Paws pet insurance program for Aon since 2013, establishing a longstanding relationship between the two companies. This ... Read the full article
Aon names Hogg Regional MD, EMEA for Captive and Insurance Management
22nd April 2024
Global insurance and reinsurance brokerage Aon has announced the appointment of David Hogg as the new Regional Managing Director, Europe, Middle East, and Africa (EMEA), for Captive and Insurance Management. Hogg, who has 32 years of experience in the captive industry, has been with Aon since 2008, when he joined as ... Read the full article
Southwest Asia, UAE storms & floods to drive hundreds of millions in losses: Aon
19th April 2024
Heavy rainfall, storms, and widespread flooding hit Southwestern Asia, notably the United Arab Emirates (UAE), between April 8-17, causing significant economic and insured losses estimated to potentially reach into the hundreds of millions of USD, according to Aon’s weekly cat report. The UAE’s National Center for Meteorology recorded a record-breaking 24-hour ... Read the full article
SCS April events to drive economic & insured losses into the hundreds of millions or higher: Aon
12th April 2024
The recent strong winds and severe convective storms that struck the central and southern United States between April 6-11, are estimated to drive economic and insured losses into the hundreds of millions or higher, USD, according to Aon's weekly cat report. Between April 6-7, a deep surface low-pressure system initiated severe ... Read the full article
Aon names Mike Pedel as Head of Global Benefits
11th April 2024
Global insurance and reinsurance brokerage Aon has appointed Mike Pedel as its new Head of Global Benefits, effective immediately, based out of London. Pedel will report to Lambros Lambrou, Human Capital Chief Executive Officer, and will join the Human Capital Executive Committee. Lambrou commented, "Mike is well positioned to further advance collaboration ... Read the full article
Aon partners with ReliaQuest on cyber risk management
10th April 2024
Aon, the global insurance and reinsurance brokerage, has partnered with ReliaQuest to help organizations rapidly mature their security programs globally. This collaboration "represents a unique approach to helping companies assess and mitigate cyber risk." With ReliaQuest’s expertise and technology in detection, investigation, and response, and Aon’s cyber resilience capabilities, the pair aims ... Read the full article
April 1 renewal in India sees resurgence in property cat capacity: Aon
8th April 2024
In contrast to last year’s renewal, April 1 in India reportedly saw a resurgence in property catastrophe capacity, with reinsurers demonstrating an increased appetite to grow their books, according to a new report from Aon. Despite this excess capacity in property catastrophe, Aon's report explained that reinsurers remained disciplined. Meanwhile, being one ... Read the full article
US faces hundreds of millions in economic losses from severe multi-hazard weather
5th April 2024
Aon's latest weekly catastrophe report predicts that the recent multi-hazard weather system, which affected the continental United States from March 29th to April 5th, may result in economic and insured losses totaling hundreds of millions of USD. This prolonged event brought heavy rain and snowfall, strong wind gusts, hailstorms, flooding, and ... Read the full article
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