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 hires Craig Fenster for agriculture reinsurance team
26th May 2022
Aon has hired Craig Fenster to be managing director of its agriculture reinsurance team. Fenster, who announced the move on LinkedIn, is joining the firm from Accelerant Holdings where he was exposure reporting lead. Before that position, he spent over five years as vice president of underwriting at AmTrust Financial Services. He ... Read the full article
UK property and cyber markets remain challenged
24th May 2022
The property and cyber markets in the UK remain challenged, according to Aon’s latest Q1 Market Dynamics Outlook: The United Kingdom. The firm said that conditions within the property market remained challenging, but were expected to stabilise, while geopolitical events in Eastern Europe continued to exacerbate and complicate the cyber landscape. Aon ... Read the full article
Aon appoints Charles Knight as Global Yacht Manager
16th May 2022
Leading global professional services firm, Aon has named Charles Knight as Global Yacht Manager, Specialist in Yacht, and Pleasure Craft. Knight joined the company on May 3, 2022, and reports to Global Yacht Leader – Emma Carpenter. Within this new role, Knight will drive the development of Aon’s small yacht offering for ... Read the full article
Aon and Paypal partner on digital insurance program
5th May 2022
Aon and PayPal Holdings have partnered on a digital initiative to help PayPal's small business customers in the US obtain insurance in the same ecosystem used to manage their payments. The digital insurance program will enable PayPal's small business customers in the US to shop for, purchase and manage insurance coverage ... Read the full article
Reinsurance results ‘extraordinary’ – CEO and president of Aon
3rd May 2022
Aon’s leadership have referred to the firm’s recent results as being ‘extraordinary’. Referring to the numbers released last week, Greg Case, CEO, and Eric Andersen, president, said that the organic revenue growth in its reinsurance business had been ‘extraodinary’ and that they saw not only ‘tremendous momentum’ in the business ... Read the full article
Aon reports strong Q1 as Reinsurance Solutions delivers 7% organic growth
29th April 2022
Aon's Reinsurance Solutions unit witnessed a 6% rise in revenue in the first-quarter of 2022 to $976 million, as the broker reports organic revenue growth of 8% across the business in the period. At $3.7 billion, insurance and reinsurance broker Aon's total revenue increased by 4% in Q1 2022 when compared ... Read the full article
Global reinsurance capital hit new high of $675bn in 2021: Aon
29th April 2022
Broker Aon estimates that global reinsurer capital increased by almost 4% through year end 2021 to $675 billion, driven by growth in traditional capital, slightly offset by a decline in alternative capital. The year-end 2021 figure from Aon represents growth of more than 2% from the $660 billion the firm ... Read the full article
Aon and Atlas Credit provide LiquiGlide with $35mn for expansion
25th April 2022
LiquiGlide, Aon plc and Atlas Credit Partners have completed an intellectual-property based financing deal that provides LiquiGlide with $35 million to expand its commercial activities and continue to develop its platform for new applications. The company was invented at MIT by co-founders Dave Smith and Professor Kripa Varanasi. Its technology removes friction ... Read the full article
Aon sets up IP-based funding for self-ordering tech firm
21st April 2022
Aon has set up a $35 million intellectual property (IP) based funding arrangement for GRUBBRR, a provider of self-ordering technologies, creating an IP-collateralized debt structure that enabled the firm to raise additional funds through debt. Headquartered in Boca Raton, Florida, GRUBBRR’s technologies include kiosks, mobile ordering, POS, online ordering, KDS and ... Read the full article
Businesses under-insuring intangible assets: Aon
19th April 2022
Aon plc has published a new report in collaboration with independent researcher Ponemon Institute, which found that businesses continue to undervalue and under-insure intangible assets relative to tangible assets. According to the study, since 2009 the implied market value of intangible assets at S&P 500 companies increased 255%, while the book ... Read the full article
Aon and BNY Mellon to collaborate on ESG offerings for clients
14th April 2022
Insurance and reinsurance broker Aon and BNY Mellon are to collaborate on solutions to meet client needs with a focus on ESG. A release from the two firms said that they would be looking to explore opportunities around digital assets, data, and analytics. Throughout this new collaboration, they said they would work ... Read the full article
Catastrophe losses for insurers to top $14bn for Q1 2022
14th April 2022
Losses arising from catastrophes for private and public insurers will top at least $14bn in the first-quarter of 2022, says a new report from re/insurance broker Aon. The report, the Q1 Global Catastrophe Recap, states that total economic losses in Q1 2022 were $31bn around the world, with just under half ... Read the full article
Paula Ferreira takes over as CEO of LatAm, Aon’s Reinsurance Solutions
12th April 2022
Global insurance and reinsurance broker Aon has announced the appointment of Paula Ferreira as Chief Executive Officer (CEO) of Latin America in Reinsurance Solutions, taking over from Pablo Muñoz. Previously, Ferreira served as Aon's Reinsurance Solutions Growth Leader and President for Latin America, with 13 years at the broker and 26 ... Read the full article
Aon finalises $25m Intellectual Property finance deal with CHASM
8th April 2022
Insurance and reinsurance broker Aon has finalised a $25 million intellectual property-based funding agreement with Massachusetts-based advanced materials company – CHASM Advanced Materials, Inc. The deal involved Aon’s Intellectual Property (IP) Solutions team combining its proprietary IP valuation tools and a collateral protection insurance policy, to create an IP-collateralised debt structure ... Read the full article
Aon makes senior hire to its UK client industry sector
6th April 2022
Global re/insurance broker Aon has appointed David Kennedy as Client Industry Sectors Leader for the UK, where he will report to Jane Kielty, UK Chief Commercial Officer. Kennedy, who joins the firm on April 11 2022, brings more than 20 years of experience in corporate risk management, insurance broking and general ... Read the full article
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