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.
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
Aon enhances its catastrophe forecasting model
25th March 2022
Aon is to enhance its Impact Forecasting catastrophe model for severe convective storm (SCS). The insurance broker said it will incorporate the latest climate science gained from a collaboration with academic researchers Dr. Robert Trapp from the University of Illinois at Urbana-Champaign, and Dr. John Allen from Central Michigan University. The data ... Read the full article
Aon names Colin Forrest as CEO, consulting
24th March 2022
Aon plc has appointed Colin Forrest as its insurance consulting team’s global chief executive officer in the firm’s Reinsurance Solutions arm. Forrest will be based in London and joins from WTW, where he was EMEA Regional Leader of WTW’s Insurance Consulting & Technology practice. Prior to WTW, he has held senior roles ... Read the full article
McGill and Partners names Aon’s Mignon as CFO
22nd March 2022
Boutique specialist re/insurance broker McGill and Partners has appointed Dominic Mignon as Deputy CFO at McGill and Partners, and CFO of McGill and Partners Ltd, after spending the past 23 years at Aon. Mignon holds just under 25 years’ experience in the industry, having started his career at Benfield delivering impact ... Read the full article
“Japan earthquake losses likely to go into the billions” – Aon
18th March 2022
The economic toll of the earthquake that struck off the coast of Tokyo this week is likely to be in the billions, says Aon. Harkening back to a $2bn+ industry loss from 2021, Aon said that recent historical performances of similar earthquakes had resulted in billion-dollar economic losses. Back then, the magnitude ... Read the full article
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