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.
Windstorm Zoltan/Pia expected insured losses in the hundreds of millions of EUR: Aon
2nd January 2024
In the wake of Windstorm Zoltan (internationally named Pia), which battered Western, Northern, and Central Europe with ferocious winds and heavy precipitation between December 21-22, authorities are now grappling with the aftermath as insured losses are projected to soar into the hundreds of millions of euros, according to Aon’s latest ... Read the full article
Global survey reveals heightened business challenges amid unprecedented risks: Aon
29th December 2023
The ninth edition of Aon's Global Risk Management Survey highlights that conducting business has not become any easier since 2021; rather, it has become more volatile and uncertain. The survey, based on responses from nearly 3,000 participants across 61 countries and territories, delves into the shifting landscape of risks and the ... Read the full article
S&P revises outlook for Aon to Negative amidst NFP acquisition plans
28th December 2023
S&P Global Ratings has revised the outlook for Aon PLC from stable to negative following the company's definitive agreement to acquire U.S. middle-market broker NFP Holdings LLC. Despite the strategic benefits of the acquisition, the negative outlook reflects concerns about the significant increase in debt to fund the transaction. Aon's acquisition of ... Read the full article
Aon’s $13.4bn acquisition of NFP reshapes global insurance broking landscape: Insuramore
27th December 2023
Aon's $13.4 billion acquisition of NFP is expected to fortify its standing in core markets and strategically expand its influence in secondary markets, as noted by insights from Insuramore. NFP, a significant player across various broking segments, currently holds notable worldwide rankings, including seventh for employee benefits activity, life and health ... Read the full article
Cyclone Jasper sparks Australian floods, expected losses in the hundreds of millions of AUD / USD: Aon
22nd December 2023
In the aftermath of ex-tropical cyclone Jasper, which made landfall on December 13, far north Queensland, Australia, is grappling with unprecedented flooding that has led to emergency rescues, power outages, and substantial material losses. According to Aon’s latest weekly cat report released on December 22, the situation, exacerbated by record-breaking torrential ... Read the full article
Aon’s acquisition of NFP has “execution risks”: Morgan Stanley
20th December 2023
Analysts at Morgan Stanley have highlighted how Aon's recently announced acquisition of middle-market property and casualty (P&C) broker, NFP, for $13.4 billion may have execution risks and will "take time to become accretive." Earlier today, it was reported that the broker had signed a definitive agreement to acquire NFP for ... Read the full article
Aon set to acquire middle-market P&C broker NFP
20th December 2023
Aon, the global re/insurance broker, has signed a definitive agreement to acquire NFP, a middle-market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP's main capital sponsor - Madison Dearborn Partners (MDP), and funds affiliated with HPS Investment Partners. Under the terms of ... Read the full article
Aon survey highlights significant funding gap for IP-rich UK businesses
13th December 2023
A new report from global re/insurance broker Aon, in partnership with Beauhurst, shows that there is a significant funding gap for intellectual property (IP) rich UK organisations, with only 2% having reached scale-up status and also raising equity funding. Important to remember, scale-up status is defined by the Organisation for Economic ... Read the full article
Aon Client Treaty expands line size to 22.5% for 2024
11th December 2023
Global insurance and reinsurance broker Aon has announced the successful renewal and expansion of Aon Client Treaty (ACT), the firm's flagship London Market placement facility. According to the announcement, in 2024, ACT will offer 22.5% co-insurance across core lines of business placed through Aon’s Global Broking Centre (GBC) in London. This ... Read the full article
Amwins, Costero and Consilium among first brokers to adopt new market reform contract MRC v3
6th December 2023
Amwins, Aon, BMS Group, Gallagher, Howden, Consilium and Costero have started using the new market reform contract (MRC v3) marking the first step to the full adoption of Blueprint Two. The two-year program builds on the foundations laid by Blueprint One in September 2019 and focuses on shifting the market ... Read the full article
Aon partners with AfDB and Amini to support farmers in Africa
5th December 2023
Aon, the global re/insurance broker, has collaborated with the African Development Bank (AfDB), Africa’s premier development finance institution, and Amini, an innovator in space technology and artificial intelligence, to increase crop insurance capacity across Africa, support smallholder farmers’ resilience and accelerate the use of nature positive practices. The additional anticipated benefits ... Read the full article
Aon promotes Alison Clarke as Head of Renewables, Global Broking Centre & UK
4th December 2023
Aon plc, the global insurance and reinsurance broker, has promoted Alison Clarke as Head of Renewables for its Global Broking Centre (GBC) & UK. In her new role, Clarke will report to Jon Wiegand, Head of Power, GBC. Clarke's remit will include leading the London Natural Resources Renewables Practice. Her role will ... Read the full article
Cyber attack/data breach top business risk in Asia Pacific: Aon
22nd November 2023
Global professional services firm Aon has unveiled its 2023 Global Risk Management Survey results, highlighting cyber attack/data breach as the top concern for organisations in the Asia Pacific region. Aon CEO, Greg Case, emphasised the heightened awareness of interconnected risks and people challenges, citing the dynamic landscape of trade, technology, weather, ... Read the full article
Generative AI expected to impact many different insurance lines: Aon
22nd November 2023
The insurance market’s overall understanding of generative AI-related risk is still within it's early stages, but this developing form of the technology is expected to impact many different lines within the sector, such as Technology Errors and Omissions / Cyber, Professional Liability, Media Liability, Employment Practices Liability, and more, reports ... Read the full article
Insurers navigate pricing pressures, capacity constraints, and underwriting shifts: Aon
21st November 2023
In the third quarter of 2023, the global insurance market witnessed a dynamic landscape, as outlined in the latest insights provided by Aon. Several key factors shaped the market during this period, influencing pricing, capacity, underwriting practices, limits, deductibles, and coverages across various insurance products. Adverse claims trends exerted upward pressure on ... 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.
