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 to boost emerging risk insights with Lifeguard collaboration
23rd March 2023
Re/insurance broker Aon, has announced a new collaboration with science crowdsourcing organisation Lifeguard to boost emerging risk insights in the property and casualty insurance sectors through engagement with the scientific community worldwide. According to the announcement, the Aon-Lifeguard collaboration will help to reduce traditional research and development time-cycles by utilising crowdsourcing ... Read the full article
UK bulk annuity market records total volume of £27.8bn in 2022: Aon
22nd March 2023
According to re/insurance broker Aon, the UK bulk annuity market recorded a total volume of £27.8 billion in 2022 and experienced its fourth successive year where more than £25 billion of business was written. In the firm’s latest UK Risk Settlement Market Update, it shows that rising market yields reduced the ... Read the full article
Challenging times for aviation, specialty lines remain attractive to reinsurers: Aon’s Skilton
21st March 2023
Aviation lines face challenging reinsurance renewals in 2023, yet specialty lines continue to provide reinsurers with opportunities, according to Aon’s Global Head of Specialty and Aviation, Mark Skilton. Having experienced complex and challenging reinsurance renewals on January 1st, aviation insurers face an uncertain market in 2023, a trend that according to ... Read the full article
Echo Re leverages data exchange platform ADEPT to connect with Aon
16th March 2023
Reinsurer Echo Re, a wholly owned subsidiary of the German DEVK Group, has announced it has expanded its usage of ADEPT to drive efficient data exchange with Aon. According to the announcement, the extended integration of the ACORD Data Exchange Platform and Translator (ADEPT) - built by ACORD Solutions Group - ... Read the full article
Aon expands coverage of Europe windstorm & SCS models
9th March 2023
Aon has updated its Impact Forecasting Europe Windstorm and Severe Convective Storm (SCS) catastrophe models to incorporate emissions scenarios that inform current and future projections of climate and storm activity across the continent. According to Aon’s Catastrophe Insight data, windstorms have long been a major peril for European insurers and reinsurers, ... Read the full article
Aon appoints Nolwandle Mgoqi as CEO for South Africa
6th March 2023
Global professional services firm Aon has announced the appointment of Nolwandle Mgoqi as Chief Executive Officer (CEO) for South Africa, effective today. Before joining Aon, Mgoqi held various executive roles in the financial services sector, including most recently as Chief Executive of Standard Insurance Limited and as Head of Insurance for ... Read the full article
Aon launches IP-backed lending fund with $300m commitment from M&G
2nd March 2023
Aon Advantage Funds, an affiliated registered investment adviser of Aon, has launched a vehicle to provide corporations new ways to access capital based on the value of their intellectual property (IP), with a $300m commitment from M&G Investments. The global asset manager will do this through its Catalyst private assets strategy ... Read the full article
New reinsurance capital will enter once dust settles: Aon execs
27th February 2023
Alfonso Valera and Tomas Novotny, CO-CEOs for EMEA at Aon Reinsurance Solutions, have said they are optimistic that capital will begin to enter the reinsurance space over the course of 2023 after “the dust settles” on the turbulent January renewals. The two executives believe that new capital would help to stabilize ... Read the full article
Casualty market a silver lining to “turbulent” 1/1: Aon’s Amanda Lyons
24th February 2023
Amanda Lyons, Senior Managing Director, US Casualty at Aon, has contended that the relatively more stable market for casualty reinsurance represented a “silver lining” to an other wise “turbulent” January 1 renewal. Despite wider reinsurance market and macro-economic headwinds, Lyons argues that casualty remains an attractive market for reinsurers, especially as ... Read the full article
Aon advises Wiltshire pension scheme on £15mn full buy-in
24th February 2023
Re/insurance broker Aon has advised the trustees of The Wiltshire (Bristol) Limited Retirement Benefits Scheme on a £15 million full pension scheme buy-in with Just Group, covering the pension liabilities of over 150 pensioner and deferred members. The transaction was completed in 2022 using Pathway – Aon and Eversheds Sutherland’s solution ... Read the full article
Aon launches earthquake model for Canada through collaboration with GEM
23rd February 2023
Global professional services firm Aon, has announced the launch of a new probabilistic catastrophe model to quantify loss potential for earthquake risk in Canada. Developed by the broker’s Impact Forecasting team, the model represents the outcome of a collaboration with the Global Earthquake Model (GEM) Foundation, of which Aon recently became ... Read the full article
Aon strengthens political violence & terrorism team
23rd February 2023
Aon, a global professional services firm, has announced two senior appointments to strengthen its political violence & terrorism team. Tony Day has been named Head of Crisis Management and Julia Dickson has been appointed as Head of War and Terrorism. Within his role, Day will report to Bernhard Steves, Global Specialty Products ... Read the full article
Eduardo Dávila appointed as President of Aon Spain
15th February 2023
Insurance and reinsurance broker Aon, has appointed Eduardo Dávila as President of Aon Spain. Dávila takes on this role while also still holding his current responsibilities as Chief Executive Officer (CEO) in Aon EMEA, and also serving as a member of the Aon Executive Committee Global. Dávila joined Aon over 21 years ... Read the full article
Casualty remains an attractive market for reinsurers, suggests Aon’s Light
14th February 2023
Despite wider reinsurance market headwinds, casualty remains an attractive market for reinsurers, especially as they look for opportunities to diversify away from property catastrophe, says Nigel Light, Global Casualty Leader, Aon Reinsurance Solutions. Light's comments stem from Aon Reinsurance Solutions' international casualty report, which suggests that the market remains largely stable ... Read the full article
APAC region continues to present re/insurers with growth opportunities: Aon’s Attard
13th February 2023
The Asia-Pacific (APAC) region continues to present insures with diversification and growth opportunities, states George Attard, CEO, Reinsurance Solutions, Asia Pacific, Aon. Attard explains that the 1/1 renewal marks a “turning point” for the global reinsurance sector, and one that should put the market on a more “sustainable footing going forward.” “We ... Read the full article
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