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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.

Global reinsurance capital unchanged through Q1: Aon

21st July 2021

Aon has reported that the level of global reinsurance capital remained unchanged through the first quarter of 2021, relative to the end of 2020, as growth in alternative capital offset a small reduction in traditional capital. The broker's Reinsurance Market Outlook report estimates that global reinsurer capital totalled $650 billion at ... Read the full article

Europe floods largely uninsured, despite multi-billion industry loss: Aon

19th July 2021

Analysts at Aon have warned that “a large portion of the damage” from the recent catastrophic flooding in Europe will be uninsured, even as re/insurers brace for a multi-billion-dollar loss overall. Last week’s flooding impacted many parts of Central and Western Europe, including Belgium, the Netherlands, and Switzerland, although Germany remains ... Read the full article

Judge accuses US DoJ of wasting time in Aon – Willis trial

16th July 2021

In a hearing yesterday, the US Department of Justice agreed to adjust its timeline to deliver important information related to its earlier investigation of the antitrust case to the courts much faster than previously anticipated. These materials, part of the US Department of Justice's research before the court case even began, ... Read the full article

Aon appoints Thompson to lead broking in EMEA region

16th July 2021

Re/insurance broker Aon has added Tracie Thompson as Chief Broking Officer for the EMEA region, excluding the UK. Thompson’s appointment is effective immediately and will see her report to Hugo Wegbrans, Global CBO, and Eduardo Dávila, CEO of Commercial Risk, Health and Affinity in EMEA (excluding UK). Based in Madrid, she will ... Read the full article

Aon shuffles EMEA leadership

15th July 2021

Global insurance and reinsurance broker Aon has announced a number of senior leadership appointments in EMEA, as John Cullen steps down from his role as Chief Executive Officer (CEO) of Commercial Risk, Health and Affinity in EMEA at the end of June. As a result of Cullen's transition from the role, ... Read the full article

Aon / Willis Towers Watson still debating dates, key pre-trial points with US DoJ

14th July 2021

The debate over the scheduling of key dates in the legal process continues in the build up to Aon and Willis Towers Watson's (WTW) antitrust trial with the US Department of Justice (DoJ). Late in June, after what we assume was a protracted period of negotiation, the US department of Justice ... Read the full article

Aon sees signs of stabilisation for Canada’s insurance market

14th July 2021

Despite the uncertain post-pandemic landscape that awaits Canada’s insurance market, Aon has underlined what it considers to be signs of market stabilisation and says insurers are beginning to position themselves for growth and profitability. Aon’s report describes many of 2020’s challenges as having spilled over into 2021; notably, poor underwriting performance ... Read the full article

Aon warns of $4.5bn insured loss from June storms in Europe

12th July 2021

Re/insurance broker Aon has estimated that total insured losses from the prolonged stretch of severe weather that impacted Europe between June 17th and 25th could exceed $3.4bn, with overall losses reaching even higher. And looking at the larger period of storm outbreaks up to June 30th, insured losses could reach $4.5 ... Read the full article

KBW explores potential consequences of Aon / WTW deal break

12th July 2021

Analysts at KBW have modelled the potential impact on Aon and Willis Towers Watson (WTW) if their pending merger deal were to collapse. The firm believes that the brokers will ultimately end up selling more businesses to satisfy ongoing regulatory concerns, but the deal is currently facing significant roadblocks, including Read the full article

Aon set for further WTW divestments to appease NZ regulators

12th July 2021

Re/insurance broker Aon has been instructed by New Zealand regulators to make further divestments if its proposed mega-merger with rival player Willis Towers Watson is to be approved. Aon was cleared to move ahead with its acquisition of WTW by the European Commission last week, in an agreement that was ... Read the full article

EC approval a “major step” towards completion: Aon & WTW

9th July 2021

A statement from Aon and Willis Towers Watson (WTW) describes today’s regulatory approval from the European Commission (EC) as a “major step” towards the completion of the brokers’ pending merger. The approval was described as conditional on full compliance with a substantial set of commitments offered by Aon, including the ... Read the full article

Aon / WTW merger cleared by European Commission

9th July 2021

The ongoing merger between re/insurance broking giants Aon and Willis Towers Watson has cleared a significant hurdle today with breaking news of the deal’s approval by the European Commission. The approval is described as conditional on full compliance with a substantial set of commitments offered by Aon, including the divestment of ... Read the full article

Aon partners with insurtech Walbing on trade credit marketplace

8th July 2021

Re/insurance broker Aon has partnered with Hamburg-based fintech Walbing on the establishment of a service tailored for syndicated trade credit insurance. Those wanting to secure coverage will receive an offer directly via the new marketplace, with the respective contract concluded through Aon’s One Underwriting Agency. “In the midst of the corona pandemic, ... Read the full article

Aon / WTW US antitrust trial to begin in November, possibly later

7th July 2021

A federal judge has told global brokers Aon and Willis Towers Watson (WTW) that their trial versus the Antitrust Division of the U.S. Department of Justice (DoJ) is unable to commence before November and could be delayed further owing to a backlog of cases. After the DoJ proposed a trial ... Read the full article

Aon & Willis Towers Watson call for ‘earliest possible trial date’

6th July 2021

Global insurance and reinsurance brokers Aon and Willis Towers Watson (WTW), have emphasised the pressing need for the "earliest possible trial date" for their pending case against the Antitrust Division of the U.S. Department of Justice (DoJ), which seeks to block their $30 billion combination. After a filing an antitrust ... Read the full article

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