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 acquires UK insurance broker Henderson

30th October 2017

Insurance and reinsurance broking specialist Aon plc is acquiring Henderson Insurance Broking Group, an independent UK-based insurance brokerage. Henderson is one of the UK’s largest independent brokers, with a focus on general insurance, health and benefits and trade credit insurance. Its clients include large corporates, mid-market and SME businesses and the insurance ... Read the full article

Reinsurance growth drives Q3 results for Aon

27th October 2017

Aon plc, the insurance and reinsurance broking specialist, has reported strong organic growth in its reinsurance treaty placement business during the third-quarter of 2017, which has helped to drive a revenue increase. Aon reports that its reinsurance broking business, which sits under the Aon Benfield brand, saw strong growth, particularly in ... Read the full article

Firms’ intangible assets still vastly unprotected: Aon & Ponemon Institute

26th October 2017

Many enterprises lag behind the protocols for doing business in the tech-era; firms recognise the growing value of intangible assets but continue to disproportionately spend four times more budget on insurance for Property, Plant and Equipment (PP&E) risks, according to a report by Aon and the Ponemon Institute. As historical tangible ... Read the full article

Aon Benfield expands Siccardi’s role to EMEA & UK Head of Client Services

20th October 2017

Aon Benfield, the global reinsurance arm of international broker Aon, has announced the appointment of Leonora Siccardi as EMEA & UK Head of Client Services, based in London. Siccardi will report to Maggie Westdale, Chief Financial Officer (CFO) of Aon Benfield, Richard Posgate, Co-Chief Executive Officer (CEO) of EMEA, Aon Benfield, ... Read the full article

U.S. homeowners insurance remains growth engine, says Aon

18th October 2017

U.S. homeowners insurance has remained a growth engine within the otherwise highly saturated U.S. re/insurance markets, with premiums expected to reach $93 billion in 2017, according to Aon’s Homeowner’s ROE Outlook report. This represents a $2 billion growth in premiums from 2016, and shows rate of market growth has been stable ... Read the full article

Steve Bale joins Aon’s Risk Settlement team from L&G

22nd September 2017

International insurance and reinsurance broker, Aon, has appointed Steve Bale from Legal & General (L&G) as a principal consultant in its Risk Settlement division. Bale has 19 years of experience in the life and pension sector, and was most recently a prudential risk actuary covering large UK and U.S. pension risk ... Read the full article

Aon launches flood replacement cover for Harvey hit organisations

30th August 2017

Insurance and reinsurance broking giant Aon has launched a flood insurance replacement product for those organisations that have been hit by flooding related to hurricane Harvey and have impaired or exhausted their coverage limits on property policies. Aon Risk Solutions, Aon plc's global risk management business, has created a flood limit ... Read the full article

Aon Netherlands to acquire UMG from Aegon for €295 million

8th August 2017

Netherlands-based subsidiary of insurance and reinsurance brokerage Aon, Aon Groep Nederland, has announced that it will acquire Unirobe Meeùs Groep (UMG) from Aegon for €295 million (US$348.4 million). The deal is expected to close in the fourth-quarter of this year, and remains subject to council advice and approval from Dutch regulators. The ... Read the full article

Proportion of 2017 cat losses covered by re/insurance up 10%: Aon

20th July 2017

The first-half of 2017 brought catastrophe losses to the global economy of $53 billion, 42% of which, or $22 billion was covered by re/insurance protection, according to Aon Benfield unit, Impact Forecasting's latest catastrophe report. 76% of total global catastrophe losses were from U.S. events, making the U.S. the only region ... Read the full article

Longevity reinsurance market pricing back on track in H2 2017: Aon

7th July 2017

Reinsurers have adjusted pricing to match the recent changes in UK mortality rates, after the market experienced pricing dislocation last year, according to insurance and reinsurance broker, Aon. Longevity market pricing is now back on track after a period of dislocation when longevity reinsurers were slow to adjust pricing to reflect ... Read the full article

Jason Hogg named leader of Aon Cyber Solutions and CEO of Stroz Friedberg

11th May 2017

Global insurance and reinsurance broker Aon has named Jason Hogg as the new Leader of Aon Cyber Solutions, and Chief Executive Officer (CEO) of Stroz Friedberg. Aon has announced a number of hires within its cyber division in recent times, and the appointment of Hogg from private equity firm, Tritium Partners, ... Read the full article

Report finds disconnect between cyber & property risk management

4th May 2017

Global organisations are spending almost four times as much on property related risks than on cyber risks, despite a broad expectation of heightened cyber exposure over the next two years and the greater impact of business disruption to cyber assets than to property, plant and equipment (PP&E) assets, according to Aon ... Read the full article

Risk preparedness at lowest level since 2007: Aon

3rd May 2017

Reinsurance broker Aon Benfield has said firms are at their lowest levels for risk preparedness since 2007 - when it first began to assess the risk environment for businesses in its bi-annual global risk management survey. This is down to firms not yet having caught up with the speed of the ... Read the full article

Traditional reinsurance capital declined by $3 billion in Q4 2016: Aon

11th April 2017

The volume of traditional reinsurance capital declined in the final quarter of 2016 by $3 billion to a reported $514 billion as at December 31st, 2016, while alternative capital growth in the quarter ensured dedicated reinsurance capacity remained at $595 billion, according to Aon Benfield. Reinsurance brokerage and advisory firm, Aon Benfield, ... Read the full article

Emerging markets to be hit hardest by rising terrorism & populism: Aon

11th April 2017

Populism and terrorism have been converging, with both elements feeding into and propagating the other to compound global geopolitical risks, said Aon, noting a 14% increase in global terror attacks last year in its latest Risk Maps report. This terrorism increase has been compounded by rising waves ... Read the full article

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