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 adds Sue Lee to capital advisory team as director in corporate finance
8th October 2020
Re/insurance broker Aon has added Sue Lee to its reinsurance solutions capital advisory team as a director in corporate finance. Lee joins Aon from Athene Holding, where she served as investor relations director. Her previous roles included equity research vice president at Barclays, and investment banking associate at BMO Capital Markets. Lee now ... Read the full article
Aon announces IP capital market solution, first $100mn deal
6th October 2020
Global re/insurance broker Aon has launched an intellectual property capital market solution designed to help companies protect and maximise the value of its intangible assets. Aon has also revealed that a $100 million deal involving agriculture technology firm Indigo Ag is the first deal to be completed via the new solution. Indigo Ag is ... Read the full article
Aon partners with Athenium on new claims platform
6th October 2020
Re/insurance broker Aon plc has announced it is collaborating with Athenium Analytics to develop a claims quality platform to enable insurers to identify high-risk claims. The new platform is expected to attain an estimated 4-6% improvement in claims indemnity and expenses, according to Aon analysis. There is an immense pressure which carriers ... Read the full article
“Foolish” & “lazy” to say pandemic risk is completely uninsurable: Chubb’s Keogh
30th September 2020
While the re/insurance industry can't do it alone, taking the stance that the sector can't insure pandemic risk at all is a mistake, according to John Keogh, Executive Vice Chairman and Chief Operating Officer (COO), Chubb. Keogh discussed the industry's response to the COVID-19 crisis and its role in future pandemic ... Read the full article
Aon releases new platform for catastrophe data
24th September 2020
Re/insurance broker Aon plc has announced the release of a platform that will enable re/insurers to convert their catastrophe data into the Open Exposure Data format. Aon says the format will enable more vendor model choice and enable broader risk management insights. Due to 2020 being the costliest decade on record, economic ... Read the full article
Reinsurance capital unchanged from year-end 2019: Aon
23rd September 2020
Data from Aon’s Reinsurance Aggregate (ARA) report shows that the capital of the world’s leading reinsurers remained "unchanged" at June 30, 2020, relative to the end of 2019. The report, which analysed the financial performance of 23 of the largest global reinsurers, found that total capital stood at $255 billion at ... Read the full article
Value remains as reinsurance market evolves: Aon
22nd September 2020
Re/insurance broker Aon continues to see value in the global reinsurance industry, even as markets evolve in the wake of the COVID-19 pandemic. Reinsurance remains an accretive form of capital for insurers in managing volatility and Aon notes that risk transfer over the last six months has demonstrated the value reinsurance ... Read the full article
Aon warns of rising secondary peril losses for re/insurers
21st September 2020
Re/insurance broker Aon has warned that secondary perils are accounting for an increasingly significant portion of global catastrophe losses and pose notable challenges for insurance and reinsurance companies. While tropical cyclones often attract the most focus given the high financial toll that landfalling events can cause, losses from secondary perils cannot ... Read the full article
Aon adds Camilo Ruiz to facultative reinsurance team in Colombia
18th September 2020
Re/insurance broker Aon has announced that Camilo Ruiz has joined its Reinsurance Solutions Facultative business in Colombia. Ruiz joins Aon from Carpenter Marsh Fac, where he was Fac Senior Vice President since 2018. During his 27-year broking career, he has also held Senior Vice President positions at Willis Re and JLT Re. Based ... Read the full article
Combined Aon / WTW to foster a new standard of client leadership & innovation
17th September 2020
The "once-in-a-generation" combination of global insurance and reinsurance brokers, Aon and Willis Towers Watson (WTW), will deliver distinctive client insight, advanced analytical capabilities, and superior outcomes, according to Greg Case, Chief Executive Officer (CEO) of Aon and John Haley, CEO of WTW. Following weeks of speculation, Aon confirmed back in ... Read the full article
UK bulk annuity sales reached £12.7 billion in H1: Aon
17th September 2020
Re/insurance broker, Aon has reported that UK bulk annuity sales have reached a substantial £12.7 billion in the first half of 2020. This amount has been reached despite challenging market conditions resulting from the COVID-19 outbreak. The market volatility saw a number of schemes reconsider market approaches or temporarily suspend transactions. Throughout ... Read the full article
Stephen Pett joins Aon Reinsurance Solutions in Bermuda as a VP & broker
14th September 2020
Insurance and reinsurance broker Aon has announced that Stephen Pett, formerly of Nephila Capital, is to joins its Reinsurance Solutions operation in Bermuda as a Vice President and broker. Pett is expected to join Aon in Bermuda on September 15th, 2020 and will have a focus on industry loss warranties (ILWs) ... Read the full article
Aon tallies cost of August storms
11th September 2020
Re/insurance broker Aon has estimated that the combined cost of the nine tropical cyclones that made landfall around the globe in August will be nearly $20 billion. The most significant event during the month was Hurricane Laura, which made landfall as a high-end Category 4 storm in Louisiana with sustained over-water ... Read the full article
Aon Reinsurance Aggregate reports 104% CR in H1 as RoE sinks
9th September 2020
The Aon Reinsurance Aggregate (ARA) reported a return on equity (RoE) of -1.5% in the first half of 2020 and a combined ratio of 104%, as reinsurers continue to navigate COVID-19-related impacts on both sides of the balance sheet. Earlier today, Aon Reinsurance Solution's held its virtual reinsurance renewal season press ... Read the full article
Aon sets up coalition in Singapore to aid economic recovery
8th September 2020
Re/insurance broker Aon has formed a new coalition of companies in Singapore to focus on aiding social and economic recovery in the wake of the COVID-19 pandemic. It follows the launch of similar coalitions in Chicago and New York and in London, and plans are underway for another in ... Read the full article
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