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 makes three appointments for UK M&A and Transaction Solutions team
14th July 2022
Leading global professional services firm, Aon plc has made three appointments for its M&A and Transaction Solutions team in the UK. Sam Bridges joins the firm’s Corporate M&A Coverage team as Director and brings more than 20 years of experience as an investment banking professional at J. P. Morgan. At the same ... Read the full article
“Demand for catastrophe bonds outpacing industry’s ability to meet them” – Aon
8th July 2022
Aon’s latest Reinsurance Market Dynamics: June and July Reinsurance Renewals says that the current demand for catastrophe bonds is outpacing the ability of the industry to supply them. According to the report, the current situation has arisen because insurers and reinsurers have turned increasingly to alternative capital markets to supplement traditional ... Read the full article
$5bn+ of additional reinsurance limit sought by carriers at mid-year renewals: Aon
5th July 2022
Buyers sought an estimated additional $5 billion+ in limit at the mid-year 2022 reinsurance renewals, driven mostly by elevated inflation expectations, and also heightened secondary peril losses, reports Aon. "Faced with inflation-driven exposure growth, as well as increased frequency of secondary perils, many insurers entered the renewals looking to purchase higher ... Read the full article
Global reinsurer capital falls $30bn: Aon
1st July 2022
Aon has estimated that global reinsurer capital fell by $30bn from the end of 2021 to the end of the first-quarter of 2022. The firm said in a statement that this was driven mainly by unrealised losses on bonds, linked to rising interest rates. In addition, the firm estimated that the equity ... Read the full article
Mid-year renewals a ‘near-perfect storm’ for buyers, ‘true hard’ property market to come: Aon
30th June 2022
Alongside a stable casualty reinsurance market, buyers experienced the most challenging specialty renewals in a generation and also capacity constraints in the property space, as reinsurer appetite for catastrophe risk fell materially at the mid-year renewals, reports insurance and reinsurance broker Aon. For buyers of protection, Aon describes a "near-perfect storm" ... Read the full article
Aon makes ‘significant progress’ in enhancing view of risk
30th June 2022
Aon has said it has made ‘significant progress’ in its collaboration with the Karlsruhe Institute of Technology that look to enhance re/insurers’ view of risk. According to the firm, the extended collaboration will incorporate the latest climate science into Aon’s Impact Forecasting’s European flood models to help enable insurers to access ... Read the full article
Aon names Saudi Arabian CEO of Commercial Risk Solutions
29th June 2022
Re/insurance broker Aon has announced the appointment of Samer AlFayez as CEO of Aon Saudi Arabia for the Commercial Risk Solutions in the Kingdom. Prior to joining Aon, AlFayez was Chief Executive Officer of Elite Insurance and Reinsurance Brokers. He also served as Deputy President of the General Committee of Saudi Insurance ... Read the full article
Maria Johannessen joins Aon’s UK Investment team
27th June 2022
Aon plc has announced that Maria Johannessen is joining the firm as a senior partner and Investment client leader, and Investment leader for the London region. She joins the leading global professional services firm from Mercer, where she was a partner working with investment advisory and fiduciary clients as well as ... Read the full article
Colin Harper joins Aon alternative risk transfer team
24th June 2022
Aon has appointed Colin Harper as Managing Director, Alternative Risk Transfer and Innovation within its Strategic Solutions and Innovation Practice based in Houston, Texas. Harper joins Aon from Descartes Underwriting, where he spent the previous year as Senior Business Development Manager, North America, also based in Houston. Prior to this, he worked ... Read the full article
Aon appoints Toffanello as Reinsurance Solutions’ Head of Italy
24th June 2022
Global professional services firm, Aon plc has named Pietro Toffanello as Reinsurance Solutions’ Head of Italy. The move will be effective in the second half of 2022, and subject to regulatory approvals, Toffanello will replace the current long-standing Italy Chief Executive Officer (CEO) for Reinsurance Solutions - Gianluca Venturini, who will ... Read the full article
Positive outlook for M&A activity, say Aon and Mergermarket
15th June 2022
The recently released M&A Risk in Review report by Aon and Mergermarket, has found optimism in the market as it suggests that last year's resurgence of M&A activity can be somewhat sustained, yet headwinds persist in the wake of the Covid-19 pandemic. Even though record levels will ... Read the full article
Aon agrees to sell eDiscovery practice to TCDI
14th June 2022
Broker Aon, has agreed to sell its eDiscovery practice to TCDI – a leading provider of legal services, software and cybersecurity. The acquisition will strengthen and expand TCDI’s eDiscovery capabilities and geographic reach into the UK. It will also add expansive advisory services such as information and governance to the company’s comprehensive ... Read the full article
Aon expands MasterTrust team
9th June 2022
Re/insurance broker Aon has made three new appointments to support growth in its master trust and related defined contribution (DC) solutions. Hâf Lloyd-Birchall joins as a senior client manager, having previously worked as a DC consultant at PwC, where she supported a range of companies on governance, communications, and scheme strategy ... Read the full article
Aon makes senior UK Capital Advisory hire within Reinsurance Solutions
8th June 2022
Leading global professional services firm, Aon Plc, has appointed Joanna Parsons as strategic growth leader of UK Capital Advisory within the firm’s Reinsurance Solutions. She will be based in London, and will report to Ben Love, UK strategic growth leader for Reinsurance Solutions. Within her new role, Parsons will use her experience ... Read the full article
Aon’s Reinsurance Aggregate achieved ROE of 10.9% in 2021
27th May 2022
A new report reveals that the Aon Reinsurance Aggregate achieved a return on equity (ROE) of 10.9% in 2021, which is the best result since 2014. The firm said that investment returns provided much of the impetus, with equities and other alternative assets performing strongly during the year. On the underwriting side, ... Read the full article
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