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 expecting sizeable industry losses from deadly US tornadoes
6th March 2020
A spate of powerful tornadoes in Tennessee, as well as further instances of hail and non-tornadic wind damage across several other US states, is expected by Aon to inflict economic damage well into the hundreds of millions of dollars, with most of that insured. Powerful and deadly tornadoes tracked across central ... Read the full article
Businesses turning to credit insurance as volatility grows: Aon
5th March 2020
Re/insurance broker Aon believes that businesses are increasingly turning to credit insurance solutions as a way to manage uncertainty in an increasingly volatile economic, political and consumer environment. As part of a new report, the firm noted that the credit market has seen steady growth in recent years, with covered receivables ... Read the full article
Aon / WTW combination is possible but unlikely: KBW
28th February 2020
Analysts at Keefe, Bruyette & Woods (KBW) have said that a potential business combination between re/insurance brokers Aon and Willis Towers Watson (WTW) is “unlikely but not impossible.” Speculation about a possible merger deal between the two broking giants was sparked last week after WTW confirmed that it was exploring “strategic ... Read the full article
WTW / Aon combination could require Willis Re sale: Analysts
25th February 2020
Analysts at Wells Fargo Securities have suggested that a potential combination with Aon could require Willis Towers Watson (WTW) to sell off its reinsurance arm, Willis Re. Speculation about a possible merger deal between the two broking giants was sparked last week after WTW confirmed that it was exploring “strategic ... Read the full article
Aon announces new COO amid United strategy push
25th February 2020
Global re/insurance broker Aon has appointed John Bruno to serve as Chief Operating Officer alongside his existing role leading development of the firm’s business services platform. Reporting to Aon Chief Executive Officer, Greg Case, Bruno will also continue as CEO of Data & Analytic Services and add the firm's technology-enabled Affinity ... Read the full article
Aon names Eric Andersen as president, Michael O’Connor departs
24th February 2020
Re/insurance broker Aon has announced the appointment of Eric Andersen as its new president, effective March 1. Michael O'Connor departs the company following a 12-year tenure in order to pursue new opportunities. The two had served together as co-president since 2018. Andersen has for the past 22 years served in several key ... Read the full article
Carleen Patterson joins Alliant’s Public Entity Group from Aon
14th February 2020
Carleen Patterson, previously of insurance and reinsurance broker Aon's Risk Solutions division, has been appointed First Vice President, Practice Leader within Alliant's Public Entity Group. In her new role, Patterson will be based in the company's Dallas, Texas office and will be tasked with providing innovative insurance and risk management solutions ... Read the full article
Australian disasters highlight need for long-term resilience: Aon analysts
13th February 2020
The increasing frequency and severity of weather-related disasters in Australia highlight a need to focus on more long-term resilience measures, according to analysts at re/insurance broker Aon. Australia recorded one of its most notable years for weather disasters in 2019, which is already the fifth largest insured loss year over the ... Read the full article
Aon’s PathWise platform implemented by Korean insurer Kyobo Life
13th February 2020
Re/insurance broker Aon has announced that South Korean insurer Kyobo Life has implemented its PathWise computing platform in preparation for the IFRS 17 and K-ICS financial reporting regimes. The company embedded PathWise as its all-in-one financial risk management platform for a range of tasks, including assumption management, economic scenario generation (ESG), ... Read the full article
Coronavirus a “wakeup call for insurers”, says Aon’s Dutkiewicz
11th February 2020
Colin Dutkiewicz, Head of Life at Aon’s Reinsurance Solutions business, has said that the ongoing coronavirus outbreak should serve as a “wakeup call for insurers” to further analyse their exposure to epidemics and pandemics. With analysts now suggesting that the coronavirus could represent a significant risk for re/insurers across the globe, ... Read the full article
Miller adds facultative reinsurance specialist from Aon
11th February 2020
Specialist insurance and reinsurance brokerage, Miller, has announced the appointment of Michael Lazarus to its Facultative Reinsurance team. Lazarus started his career in the re/insurance industry in 1993 and joins Miller from rival re/insurance broker Aon in London. During his career, he has worked in London, Australia, the U.S., Hong Kong, ... Read the full article
Aon promotes Tassarotti to Deputy CEO, Global Facultative reinsurance
10th February 2020
Luca Tassarotti has been promoted to the role of Deputy CEO, Global Facultative in the broking groups Aon Reinsurance Solutions division. Tassarotti had previous held a European facultative reinsurance focused position as the Deputy CEO of Facultative reinsurance for the Europe, Middle East and Africa (EMEA) region at Aon. The company confirmed ... Read the full article
Bushfires & winter storms push economic bill to $3bn in January: Aon
7th February 2020
Devastating bushfires in Australia and powerful winter storms in the US have contributed to a costly natural catastrophe bill in January 2020, with re/insurance broker Aon estimating that economic losses will exceed $3 billion. Bushfires across sections of New South Wales, Queensland, South Australia, Victoria, and Western Australia destroyed more than ... Read the full article
Aon adds Life Reinsurance Specialist in Australia
7th February 2020
Global insurance and reinsurance broker Aon has announced the addition of Robert Rice to its Life Reinsurance Solutions team in Australia, effective February 3rd, 2020. In his new role, Rice serves as a Life Reinsurance Specialist and will have a focus on enhancing and delivering Aon's Life Reinsurance advisory and risk ... Read the full article
Aon adds senior hires to EMEA M&A and Transaction Solutions practice
6th February 2020
Re/insurance broker Aon has expanded its EMEA M&A and Transaction Solutions practice with the addition of several senior appointments. Firstly, Adrian Lamasz has been appointed as Head of Regional M&A and Mid-Market, UK to lead mid-market Private Equity and Corporate M&A across the UK regional market. He joins from Marsh JLT, where ... Read the full article