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.
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
Property insurance market braces for year-end challenges: Aon
20th November 2023
In a recent report by Aon, the Global Insurance Market Insights for Q3 2023 sheds light on the key challenges facing the Property insurance market as the industry approaches the crucial year-end period. As insurers gear up for the peak reinsurance renewal season and the conclusion of the Atlantic hurricane season, ... Read the full article
Aon expands Climate Risk Advisory function across Risk Capital
10th November 2023
Aon has expanded its Climate Risk Advisory function across the firm’s Risk Capital capability, to "further serve clients’ advanced risk analytics needs in both Commercial Risk Solutions and Reinsurance Solutions." The expanded service will continue to be led by Liz Henderson, global head of Climate Risk Advisory for Risk Capital. Henderson has ... Read the full article
Failure to attract or retain talent becomes key business risk: Aon
9th November 2023
Human capital issues have become a key business risk fueled by the competition for talent and workforce shortages among other issues, a recent Aon report has revealed. Failure to attract and retain talent reached the highest ever ranking position in Aon’s 2023 Global Risk Management Survey, as it took fourth position ... Read the full article
Aon announces a number of new UK partners
7th November 2023
Insurance and reinsurance broking group, Aon, has announced the appointment of 12 new UK-based partners in the Wealth and Talent Solution Lines of its Human Capital capability. A client manager with over three decades of pension experience, Sue Austen will lead Aon’s secretariat, pensions management and secondment services. Austen will be responsible ... Read the full article
Windstorm Ciarán leaves Western Europe bracing for hundreds of millions Euros in losses: Aon
3rd November 2023
Western Europe was struck by the powerful Windstorm Ciarán on November 1-2, leaving a trail of devastation and economic uncertainty in its wake, with initial expectations suggesting that this storm, particularly impactful in France, may result in significant economic and insured losses, with early estimates reaching into the hundreds of ... Read the full article
Aon to consolidate UK and EMEA regions, naming Julie Page as CEO
2nd November 2023
Insurance and reinsurance broking group, Aon, has disclosed its plan to consolidate its client service operations in the UK and EMEA regions, appointing Julie Page as the CEO for the merged region, with this transition set to take effect on November 15. Aon said the current EMEA CEO Eduardo Dávila would ... Read the full article
Billions of USD in economic losses anticipated for Hurricane Otis: Aon
31st October 2023
Hurricane Otis, the strongest hurricane ever to hit Mexico, has not only left a trail of destruction but is poised to deliver a staggering blow to the local economy, with initial expectations from independent experts suggesting total economic losses will likely reach into the billions of USD, according to a ... Read the full article
Aon’s Reinsurance Solutions delivers 11% organic revenue growth in Q3’23
27th October 2023
Global broker Aon’s Reinsurance Solutions arm achieved organic revenue growth of 11% in the third quarter of 2023, as revenue across the group increased by 10%, year-on-year, to $2.95 billion, reflecting organic revenue growth of 6%. This growth in organic revenue in the reinsurance arm was driven by strong retention and ... Read the full article
Aon names Mona Barnes as Chief Claims Officer, Global Broking Centre & UK
27th October 2023
Insurance and reinsurance broking group, Aon, has appointed Mona Barnes as Chief Claims Officer, Global Broking Centre (GBC) & UK, reporting to James Baum and Neil Harrison. The appointment is effective from 30th October 2023. In her new role, Barnes' remit will include overseeing teams of claims professionals dedicated to the London ... Read the full article
Aon & IFRC DREF Insurance a vital mechanism for enhancing risk transfer: IFRC
26th October 2023
The Disaster Response Emergency Fund (DREF) Insurance mechanism, pioneered by International Federation of Red Cross and Red Crescent Societies (IFRC) in partnership with Aon, is a vital new approach for enhancing preparedness and risk transfer, IFRC Under Secretary General, Nena Stoiljkovic, highlighted. A recent London Summit brought together leaders and decision-makers ... Read the full article
9M 2023 global insured cat losses 17% higher than 21st century annual average: Aon
20th October 2023
Global re/insurance broker Aon, in its Q3 Global Catastrophe Recap report, has stated that global insured losses from natural disaster events had reached $88 billion by the end of Q3 2023, 17% higher than the 21st-century annual average, driven by so-called secondary perils. Aon highlights U.S. and Italian severe convective storms ... Read the full article
Aon’s Franchise Solutions program launches in North America
20th October 2023
Global re/insurance broker Aon has announced the launch of its multi-industry Franchise Solutions program in North America, designed to better inform, advise and protect businesses. The new offering, powered by CoverWallet technology, aims to help franchise businesses understand and manage risk across their franchisee network, while also delivering customised insurance programs ... Read the full article
Aon panel: Enduring lessons limiting capital inflow, new crop of investors rotating in
18th October 2023
In a recent discussion during Aon's Panel on Investments in P&C Re/Insurance Market, industry experts shed light on the absence of capital inflow into insurance and reinsurance company balance sheets during the ongoing hard market. The panel explored the reasons behind the current trend and discussed what might need to happen ... Read the full article
Aon appoints Brian Wanat as Head of Commercial Risk, NA
17th October 2023
Insurance and reinsurance broking group, Aon, has appointed Brian Wanat as the new Head of Commercial Risk for North America. Wanat has been with Aon for more than 21 years, and most recently served as Chief Broking Officer of U.S Commercial Risk Solutions, a role he assumed in 2018. In this ... Read the full article
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