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 launches IP-backed lending fund with $300m commitment from M&G
2nd March 2023
Aon Advantage Funds, an affiliated registered investment adviser of Aon, has launched a vehicle to provide corporations new ways to access capital based on the value of their intellectual property (IP), with a $300m commitment from M&G Investments. The global asset manager will do this through its Catalyst private assets strategy ... Read the full article
New reinsurance capital will enter once dust settles: Aon execs
27th February 2023
Alfonso Valera and Tomas Novotny, CO-CEOs for EMEA at Aon Reinsurance Solutions, have said they are optimistic that capital will begin to enter the reinsurance space over the course of 2023 after “the dust settles” on the turbulent January renewals. The two executives believe that new capital would help to stabilize ... Read the full article
Casualty market a silver lining to “turbulent” 1/1: Aon’s Amanda Lyons
24th February 2023
Amanda Lyons, Senior Managing Director, US Casualty at Aon, has contended that the relatively more stable market for casualty reinsurance represented a “silver lining” to an other wise “turbulent” January 1 renewal. Despite wider reinsurance market and macro-economic headwinds, Lyons argues that casualty remains an attractive market for reinsurers, especially as ... Read the full article
Aon advises Wiltshire pension scheme on £15mn full buy-in
24th February 2023
Re/insurance broker Aon has advised the trustees of The Wiltshire (Bristol) Limited Retirement Benefits Scheme on a £15 million full pension scheme buy-in with Just Group, covering the pension liabilities of over 150 pensioner and deferred members. The transaction was completed in 2022 using Pathway – Aon and Eversheds Sutherland’s solution ... Read the full article
Aon launches earthquake model for Canada through collaboration with GEM
23rd February 2023
Global professional services firm Aon, has announced the launch of a new probabilistic catastrophe model to quantify loss potential for earthquake risk in Canada. Developed by the broker’s Impact Forecasting team, the model represents the outcome of a collaboration with the Global Earthquake Model (GEM) Foundation, of which Aon recently became ... Read the full article
Aon strengthens political violence & terrorism team
23rd February 2023
Aon, a global professional services firm, has announced two senior appointments to strengthen its political violence & terrorism team. Tony Day has been named Head of Crisis Management and Julia Dickson has been appointed as Head of War and Terrorism. Within his role, Day will report to Bernhard Steves, Global Specialty Products ... Read the full article
Eduardo Dávila appointed as President of Aon Spain
15th February 2023
Insurance and reinsurance broker Aon, has appointed Eduardo Dávila as President of Aon Spain. Dávila takes on this role while also still holding his current responsibilities as Chief Executive Officer (CEO) in Aon EMEA, and also serving as a member of the Aon Executive Committee Global. Dávila joined Aon over 21 years ... Read the full article
Casualty remains an attractive market for reinsurers, suggests Aon’s Light
14th February 2023
Despite wider reinsurance market headwinds, casualty remains an attractive market for reinsurers, especially as they look for opportunities to diversify away from property catastrophe, says Nigel Light, Global Casualty Leader, Aon Reinsurance Solutions. Light's comments stem from Aon Reinsurance Solutions' international casualty report, which suggests that the market remains largely stable ... Read the full article
APAC region continues to present re/insurers with growth opportunities: Aon’s Attard
13th February 2023
The Asia-Pacific (APAC) region continues to present insures with diversification and growth opportunities, states George Attard, CEO, Reinsurance Solutions, Asia Pacific, Aon. Attard explains that the 1/1 renewal marks a “turning point” for the global reinsurance sector, and one that should put the market on a more “sustainable footing going forward.” “We ... Read the full article
Aon hires Gallagher’s Rudman as Head of Marine, Asia
10th February 2023
Aon plc has announced that it has appointed Gallagher’s Stephen Rudman as head of Marine for Asia. Within the role, Rudman will be based in Singapore, where he will be part of Aon’s global marine executive team. He will also report to Paul Young - Head of Commercial Risk Solutions for Asia ... Read the full article
High portion of Turkey’s earthquake losses to be covered by insurance
9th February 2023
A relatively high portion of losses caused by the earthquake that shook Turkey on February 6 are expected to be covered by insurance, according to Aon. This is given penetration rates resulting from compulsory earthquake insurance - offered to the public via the Turkish Natural Catastrophe Insurance Pool (TCIP), which is ... Read the full article
Aon appoints Pedro Penalva as Head of Enterprise Clients in EMEA
7th February 2023
Leading global professional services firm, Aon plc has appointed Pedro Penalva as Head of Enterprise clients in Europe, Middle East & Africa (EMEA), effective immediately. Within this role, Penalva will be part of the Enterprise Client Group (ECG) Leadership Team. Penalva joined Aon in 2010. In his most recent role at the ... Read the full article
Growth opportunity for agriculture reinsurers in 2023: Aon
6th February 2023
Despite difficult January 1st renewals, the outlook for agriculture business looks very promising for 2023, with growth opportunities for reinsurers, according to Aon's January Reinsurance Market Dynamics report. Historically profitable markets saw only minor changes, but territories with recent losses experienced hardening terms, Aon analysts observed. These changes were driven by the ... Read the full article
Matthew Alcott named Aon’s new UK CCO
6th February 2023
Insurance and reinsurance broker, Aon has announced the appointment of Matthew Alcott to the role of UK Chief Commercial Officer (CCO). Alcott will join the UK Leadership Team (LT), reporting into Julie Page, as well as the global CCO team, led by Michael Moran. He will be taking over the role from ... Read the full article
Aviation market had “most challenging renewal” in over two decades: Aon
6th February 2023
Analysts at Aon have said that the aviation market experienced its most challenging renewal in over two decades at 1/1, with significant rate increases and coverage restrictions. In a new report on January reinsurance market dynamics, the broker noted that insurers with reinsurance renewals in 2023 face an “uncertain market”, with ... Read the full article
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