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 names James Platt Chief Digital Officer and Mindy Simon joins as COO
9th August 2022
Insurance and reinsurance broker Aon has named James Platt as Chief Digital Officer, Mindy Simon is joining the company as Chief Operating Officer (COO), taking over from Platt. Based in London, Platt will be overseeing Digital Client Solutions and will be reporting to Aon President Eric Andersen. In his new role he ... Read the full article
Aon’s Reinsurance Solutions names WTW’s Becky Allison as COO of STG
5th August 2022
Becky Allison has been announced as the new Chief Operating Officer (COO) of re/insurance broker Aon's Strategy and Technology Group (STG), Reinsurance Solutions, based in London. In her new role, Allison takes on responsibility for the day-to-day business operations of STG. This includes implementing the division's strategy to bring Aon's expertise ... Read the full article
Aon’s Reinsurance Solutions delivers organic revenue growth of 9% in Q2
29th July 2022
Insurance and reinsurance broker Aon has announced total organic revenue growth of 8% to $3 billion in the second-quarter of 2022, on the back of growth in all business segments including a notable 9% rise in organic revenue within its Reinsurance Solutions arm. Across the firm, Aon has revealed that net ... Read the full article
Impacts from Russia’s war against Ukraine keenly felt, says Lloyd’s and Aon report
28th July 2022
A new report from Lloyd’s and Aon says that the sector most affected by Russia’s invasion of Ukraine will be the energy sector. The report, Ukraine: A Conflict that Changed the World, lays out five plausible scenarios to the industries and geographies most affected by the conflict. Each scenario explores ... Read the full article
La Niña amplifies weather extremes in first half of 2022: Aon
25th July 2022
The persistence of La Niña conditions across the central and eastern Pacific Ocean has been one of the most prominent reasons for elevated weather extremes since 2020, reports re/insurance broker Aon. These conditions have global implications on weather patterns and other atmospheric or oceanic phenomena that can often bring ... Read the full article
Inflation to magnify H1 insured losses, says Aon
22nd July 2022
Analysts at Aon have warned that inflation, in combination with other factors, are likely to magnify insured losses in the first half of 2022 beyond initial estimates. The broker's data shows that insured losses from natural disaster events totalled $39 billion in H1, which is roughly 18% above the 21st ... Read the full article
Global insured losses from catastrophes above average at $39bn in H1 2022: Aon
20th July 2022
Data from insurance and reinsurance broker Aon finds that globally, insured losses from natural disaster events totalled $39 billion in the first half of 2022, which is roughly 18% above the 21st Century average. In contrast to the above average volume of catastrophe losses experienced in the six-month period, global economic ... Read the full article
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
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