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 Matt Wolfe as President of Reinsurance Solutions in Canada
11th May 2020
Re/insurance broker Aon has announced the appointment of Matt Wolfe as the new president of Reinsurance Solutions in Canada. “In his new role, Matt will lead the Canadian Reinsurance solutions team and bring unmatched analytics and insights to clients across the country”, said David Sloan, CEO, Reinsurance Solutions in Canada. “He will ... Read the full article
Ransomware continues to dominate cyber discussion: Aon
8th May 2020
Ransomware continues to dominate the cyber insurance discussion according to broker Aon, with total ransomware incidents up 135% last year and carriers steadily fielding more claims emanating from these attacks. Ransomware infections also continued to affect all industries, although sectors like healthcare, public administration, and education experienced the most reported incidents. But ... Read the full article
Aon reports organic reinsurance revenue growth of 9%
1st May 2020
Re/insurance broker Aon has reported overall revenue growth of 2% to $3.2 billion in the first quarter of 2020, including organic revenue growth of 5%. The result was supported by organic revenue growth of 9% in its Reinsurance Solutions division, the strongest growth of all Aon segments, but still slightly down ... Read the full article
Aon advises Leonardo Electronics Pension Scheme’s £160m buy-in
30th April 2020
Global re/insurance broker Aon has announced its role in advising the trustees of the Leonardo Electronics Pension Scheme on a £160 million pensioner buy-in with Just Group. This is the first buy-in for the scheme designed to reduce risk while still offering accrual of new benefits to active employees. Leonardo is one ... Read the full article
Aon, WTW merger to be a positive catalyst: CEO Greg Case
29th April 2020
Greg Case, the Chief Executive Officer of leading re/insurance broker Aon, believes his company’s forthcoming combination with Willis Towers Watson will be a positive catalyst enabling accelerated innovation on behalf of clients. In an official statement to colleagues earlier this week, Case noted how the all-stock combination requires no financing ... Read the full article
Aon execs agree to 50% pay cut amid COVID-19, CEO reacts
27th April 2020
Global re/insurance brokerage Aon has announced a series of salary reductions agreed to by its named executive officers, in response to the ongoing coronavirus pandemic. Each of the Company’s NEOs, Gregory Case, Chief Executive Officer, Christa Davies, Chief Financial Officer, Eric Andersen, President, and John Bruno, Chief Operating Officer, as well ... Read the full article
Global reinsurer capital up 7% in 2019: Aon
24th April 2020
Global reinsurer capital rose by 7% to $625 billion in 2019, according to Aon’s Reinsurance Aggregate (ARA) report, which tracked the financial performance of 23 leading reinsurance carriers over the year. The ARA underwrites roughly half of all global non-life reinsurance premiums and a large majority of life premiums. The report’s calculation ... Read the full article
Aon secures Lloyd’s accreditation for reinsurer trading portal
22nd April 2020
Global re/insurance broker Aon has received accreditation from Lloyd’s for its reinsurer trading portal, ABConnect Placements. The Lloyd’s Franchise Board provided ‘conditional recognition’ of the platform following the recent deployment of Aon’s binding function, so valid contracts can be written as ePlacements. Gaining approval from Lloyd’s as part of the electronic placing ... Read the full article
Reinsurers grow premiums & profits in 2019 but underwriting dips: Aon
21st April 2020
Analysis in Aon's Reinsurance Aggregate (ARA) report, which tracks the financial performance of 23 leading reinsurance carriers through 2019, reveals an increase in premiums and pre-tax profit when compared with the prior year. The ARA underwrites roughly half of all global non-life reinsurance premiums and a large majority of life premiums. Insurance ... Read the full article
Cost of severe US weather outbreak could surpass $1bn: Aon
17th April 2020
A number of southern and eastern US states were hit with a prolific severe weather outbreak between April 10 and 14, according to the latest catastrophe report from Aon. At least 41 people were killed and hundreds more injured by an outbreak which prompted a minimum of 121 confirmed tornado touchdowns ... Read the full article
Strong year ahead for bulk annuities after record 2019: Aon
17th April 2020
Re/insurance broker Aon is expecting another strong year for the bulk annuity market in 2020 after business reached a record high of £42 billion last year. The market easily surpassed the previous record of £24 billion set in 2018, which was itself almost twice as high as the previous peak of ... Read the full article
Aon enhances reinsurer trading portal for Lloyd’s & IUA markets
1st April 2020
Re/insurance broker Aon has enhanced its reinsurer trading portal, ABConnect Placements, to electronically bind treaty placements with Lloyd’s of London and International Underwriting Association (IUA) markets from 1 April renewals. The new bind feature enables Lloyd’s and IUA markets to complete and bind Aon's treaty reinsurance placements without the need for ... Read the full article
Aon’s Eric Andersen, WTW’s Julie Gebauer to lead integration
25th March 2020
Global insurance and reinsurance broker Aon has confirmed to Reinsurance News that Eric Andersen, President of Aon and Julie Gebauer, Head of Human Capital & Benefits at Willis Towers Watson (WTW), will lead the integration of the two brokerage firms. On the 9th of March, 2020 Aon announced that a ... Read the full article
Aon’s Richard Dudley named LIIBA chair
23rd March 2020
The London and International Insurance Brokers’ Association (LIIBA) has announced that Richard Dudley, Chief Executive Officer of Aon’s UK Global Broking Centre, is to serve as its new chair. Dudley succeeds Roy White, who served a two-year term and will continue in the short term as deputy chair. His other deputies have ... Read the full article
Latest mortality projections model to drive uptick in liabilities: Aon
16th March 2020
Insurance and reinsurance broker Aon expects to see a slight increase in liabilities from the use of the latest model from the Continuous Mortality Investigation (CMI) when compared with the 2018 version of the model. CMI_2019, the newly released March 2020 update of the CMI's projection model, incorporates deaths in the ... Read the full article
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