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.
UK risk settlement market still thriving despite a lack of jumbo deals: Aon
10th November 2020
The UK risk settlement marketplace has seen fewer jumbo deals this year than in 2019, but re/insurance broker Aon still expects it to reach more than £50 billion by the end of 2020 as activity increases among mid-sized and smaller schemes. Earlier in the month, Aon said that the risk ... Read the full article
Aon’s Reinsurance Solutions adds property broker to UK&I Specialty Casualty team
9th November 2020
Global insurance and reinsurance brokerage firm, Aon, has appointed Sam Sylvester as a Senior Property Broker in the UK & Ireland and Specialty Casualty team, Reinsurance Solutions. Sylvester brings nearly two decades of experience in property reinsurance to the company, both in broking and underwriting. Most recently, he served as Head of ... Read the full article
Aon appoints NBA president Byron Spruell to board of directors
2nd November 2020
Re/insurance broker Aon has announced the appointment of Byron Spruell to its board of directors. Spruell is the president of league operations at the National Basketball Association (NBA). Before his time at the NBA he spent 20 years at Deloitte, most recently serving as vice chairman, central region marketplace leader and Chicago ... Read the full article
Aon reports organic reinsurance revenue growth of 13%
30th October 2020
Re/insurance broker Aon has reported organic revenue growth of 9% in its Reinsurance Solutions division during the third quarter of 2020. The Reinsurance Division posted revenue of $321 million in Q3 2020, compared with $291 million for the same period last year. This marks the fourth consecutive quarter of elevated growth for ... Read the full article
Just paying for a claim is not enough: AXA CEO, Thomas Buberl
28th October 2020
The events of 2020, notably the ongoing COVID-19 pandemic, are set to fundamentally alter the way insurance will be viewed and as sentiment shifts, just paying claims is not enough, according to Thomas Buberl, Chief Executive Officer (CEO) of global insurer AXA. Aon's latest fireside chat with industry leaders saw the ... Read the full article
UK & EU regulators wrestle for oversight of Aon / WTW merger: reports
20th October 2020
British and European Union regulators are reportedly debating which authority will have oversight of some of Europe's largest mergers ahead of a Brexit trade deal deadline in December, including the planned combination of re/insurance brokers Aon and Willis Towers Watson (WTW). A Financial Times article, citing people briefed on the issue, ... Read the full article
Aon appoints Graeme Rayner to lead new Alternative Distribution platform
20th October 2020
Global insurance and reinsurance broker, Aon, has launched a new London-based platform that matches underwriting expertise with capacity provision through fronting, MGA / MGU and captive solutions, called Alternative Distribution. The new platform will work with fronting structures and will access capabilities from across the company to make a broad range ... Read the full article
Aon releases study on Global Risk, Profitability and Growth Metrics
19th October 2020
Re/insurance broker Aon has released a study on Global Risk, Profitability, and Growth Metrics, focusing mainly on the Property & Casualty (P&C) business. P&C has produced an underwriting profit in 2019 with a combined ratio of 97.4 percent, a decrease from last year’s 98.0 percent combined ratio Europe averaged a 95.5 percent ... Read the full article
Aon, Goldman Sachs launch investment service for captive insurers
12th October 2020
Re/insurance broker Aon has partnered with Goldman Sachs on a service designed to provide captive insurers with an easy way to identify and access high-quality investments. The new service will see Aon offer individual strategic advice, fund research and execution services through its global team of investment specialists and practitioners. Goldman Sachs ... Read the full article
Risk settlement market could reach £50bn by end of 2020: Aon
12th October 2020
Global insurance and reinsurance brokerage, Aon, predicts that the risk settlement market could still reach £50 billion by the end of 2020. The 2020 result for the risk settlement market, including both bulk annuities and longevity swaps, could make it a record year, despite the difficulties that have arisen from the ... Read the full article
US wildfires, hurricanes drive insured hit into billions for September: Aon
9th October 2020
Wildfires across the US west coast, hurricane Sally and tropical storm Beta all featured in Aon's global catastrophe report for September, generating a cost to insurers that will fall in the billions of the dollars. Five of California's six largest fire events since 1932 were recorded in August and September alone, ... Read the full article
CII adds Aon UK CEO Julie Page as president
9th October 2020
Industry body the Chartered Insurance Institute (CII) has appointed Aon UK Chief Executive Officer Julie Page as president. Page brings over 20 years’ experience within the insurance industry and was appointed CEO of Aon UK in 2018. She directly leads Aon’s Commercial Risk, Health and Affinity businesses. Page was previously a non-executive board ... Read the full article
Aon adds Sue Lee to capital advisory team as director in corporate finance
8th October 2020
Re/insurance broker Aon has added Sue Lee to its reinsurance solutions capital advisory team as a director in corporate finance. Lee joins Aon from Athene Holding, where she served as investor relations director. Her previous roles included equity research vice president at Barclays, and investment banking associate at BMO Capital Markets. Lee now ... Read the full article
Aon announces IP capital market solution, first $100mn deal
6th October 2020
Global re/insurance broker Aon has launched an intellectual property capital market solution designed to help companies protect and maximise the value of its intangible assets. Aon has also revealed that a $100 million deal involving agriculture technology firm Indigo Ag is the first deal to be completed via the new solution. Indigo Ag is ... Read the full article
Aon partners with Athenium on new claims platform
6th October 2020
Re/insurance broker Aon plc has announced it is collaborating with Athenium Analytics to develop a claims quality platform to enable insurers to identify high-risk claims. The new platform is expected to attain an estimated 4-6% improvement in claims indemnity and expenses, according to Aon analysis. There is an immense pressure which carriers ... Read the full article