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 set for further WTW divestments to appease NZ regulators
12th July 2021
Re/insurance broker Aon has been instructed by New Zealand regulators to make further divestments if its proposed mega-merger with rival player Willis Towers Watson is to be approved. Aon was cleared to move ahead with its acquisition of WTW by the European Commission last week, in an agreement that was ... Read the full article
EC approval a “major step” towards completion: Aon & WTW
9th July 2021
A statement from Aon and Willis Towers Watson (WTW) describes today’s regulatory approval from the European Commission (EC) as a “major step” towards the completion of the brokers’ pending merger. The approval was described as conditional on full compliance with a substantial set of commitments offered by Aon, including the ... Read the full article
Aon / WTW merger cleared by European Commission
9th July 2021
The ongoing merger between re/insurance broking giants Aon and Willis Towers Watson has cleared a significant hurdle today with breaking news of the deal’s approval by the European Commission. The approval is described as conditional on full compliance with a substantial set of commitments offered by Aon, including the divestment of ... Read the full article
Aon partners with insurtech Walbing on trade credit marketplace
8th July 2021
Re/insurance broker Aon has partnered with Hamburg-based fintech Walbing on the establishment of a service tailored for syndicated trade credit insurance. Those wanting to secure coverage will receive an offer directly via the new marketplace, with the respective contract concluded through Aon’s One Underwriting Agency. “In the midst of the corona pandemic, ... Read the full article
Aon / WTW US antitrust trial to begin in November, possibly later
7th July 2021
A federal judge has told global brokers Aon and Willis Towers Watson (WTW) that their trial versus the Antitrust Division of the U.S. Department of Justice (DoJ) is unable to commence before November and could be delayed further owing to a backlog of cases. After the DoJ proposed a trial ... Read the full article
Aon & Willis Towers Watson call for ‘earliest possible trial date’
6th July 2021
Global insurance and reinsurance brokers Aon and Willis Towers Watson (WTW), have emphasised the pressing need for the "earliest possible trial date" for their pending case against the Antitrust Division of the U.S. Department of Justice (DoJ), which seeks to block their $30 billion combination. After a filing an antitrust ... Read the full article
New Zealand again extends Aon / WTW merger decision date
2nd July 2021
The New Zealand (NZ) Commerce Commission's ongoing investigation into the proposed $30 billion combination of Aon and Willis Towers Watson (WTW) has been extended once more, with a conclusion now expected by August 20th, 2021. This is the second time New Zealand’s Commerce Commission has extended its deadline after launching an ... Read the full article
DoJ’s Feb 2022 trial date ‘untenable’ and prolongs uncertainty, says Aon/WTW
30th June 2021
Lawyers of global re/insurance brokers Aon and Willis Towers Watson (WTW) have described the US Department of Justice's (DoJ) proposal that its trial seeking to block their merger not commence until February of next year as "untenable". In an effort to stop the creation of what it calls a "broking behemoth", ... Read the full article
South Africa asks for further divestments in Aon / WTW remedy package
29th June 2021
The Competition Commission of South Africa (CCSA) has required that brokers Aon and Willis Towers Watson (WTW) make a number of significant divestments to remedy competition concerns before their pending merger can be approved in the country. The regulator has asked that the brokers divest WTW’s entire global reinsurance broking business ... Read the full article
Aon expands Business Intelligence unit with analyst hires
29th June 2021
Re/insurance broker Aon plc has expanded its Business Intelligence unit within Reinsurance Solutions, with the hiring of three experienced analysts. Paris Hadjiantonis has been named as a Senior Analyst, and will report to Mike Van Slooten, Head of Business Intelligence. In addition, Oliver Troop and Ludovico van Wijk have been named as ... Read the full article
Aon / WTW merger needs further review, says Singapore
29th June 2021
After completing its initial review of the proposed combination of re/insurance brokers Aon and Willis Towers Watson (WTW), the Competition and Consumer Commission of Singapore (CCCS) has identified executive compensation and related consulting services as areas for further review. Following receipt of a notification from Aon for a decision on the ... Read the full article
Aon and Zesty.ai gain approval for AI wildfire model in California
28th June 2021
Re/insurance broker Aon has decided to extend its strategic alliance with Zesty.ai, a tech firm that uses artificial intelligence to assess climate and non-catastrophe risk, following the approval of a new wildfire risk model in California. The California Department of Insurance (CDI) recently approved two underwriting and rating filings, including Z-FIRE, ... Read the full article
Aon appoints Daneshvar to Securities team as MD
25th June 2021
Re/insurance broker Aon has added Sourna Daneshvar to its Aon Securities team as Managing Director. Daneshvar brings over 20 year's experience and will be based in Chicago, where this new role will see him focused on expanding Aon Securities’ capabilities in raising capital and product innovation. He joins global banking organisation Citibank, where ... Read the full article
Prince Charles launches industry-led climate change task force at Lloyd’s
24th June 2021
HRH The Prince of Wales has launched his Sustainable Markets Initiative (SMI) insurance task force today during a visit to Lloyd’s of London. Chaired by Lloyd’s, the task force is composed of executives from many of the world’s largest re/insurers and aims to provide an influential platform for the sector to ... Read the full article
Aon appoints Streeton to lead Reinsurance Solution’s client strategy
24th June 2021
Global reinsurance broker Aon has named Frederick Streeton Leader of Complex Client Strategy for its Reinsurance Solutions unit. He joins in September and will be based in London, reporting to Reinsurance Solutions UK Chairman Don Magee. Streeton joins from insurer Liberty Mutual Group, where over the past nine years he held the positions ... Read the full article
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