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 / WTW merger a response to tech disruption, analysts
11th March 2020
Analysts at Peel Hunt have underlined the role technology-driven market disruption is playing in Aon’s decision to make a $30 billion-rated move on Willis Towers Watson. With Lloyd’s investing heavily in ongoing modernisation efforts aimed at lowering brokerage costs, Peel Hunt says the deal could be seen as an antidote ... Read the full article
Windstorm Ciara/Sabine insured loss to exceed $1.1bn: Aon
11th March 2020
Re/insurance broker Aon has estimated that Windstorm Ciara (also known as Sabine) will cause industry losses of well above €1 billion (US $1.1 billion), with even larger economic losses. Ciara swept across 17 separate European countries over February 9th and 10th, killing at least 14 people and causing major wind-related damage ... Read the full article
Rating agencies stable on Aon, positive on WTW
10th March 2020
Rating agencies Moody’s and S&P Global Ratings have revised their outlooks for Willis Towers Watson (WTW) to positive, while maintaining a stable view on Aon, following yesterday’s confirmed merger deal between the two broking giants. After weeks of speculation about a potential deal, the companies announced a definitive agreement to ... Read the full article
Aon confirms combination with Willis Towers Watson
9th March 2020
Global insurance and reinsurance broker Aon has confirmed that it will combine with rival broker Willis Towers Watson, following weeks of speculation about a potential deal. The companies today announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion. "This combination will ... Read the full article
Aon expecting sizeable industry losses from deadly US tornadoes
6th March 2020
A spate of powerful tornadoes in Tennessee, as well as further instances of hail and non-tornadic wind damage across several other US states, is expected by Aon to inflict economic damage well into the hundreds of millions of dollars, with most of that insured. Powerful and deadly tornadoes tracked across central ... Read the full article
Businesses turning to credit insurance as volatility grows: Aon
5th March 2020
Re/insurance broker Aon believes that businesses are increasingly turning to credit insurance solutions as a way to manage uncertainty in an increasingly volatile economic, political and consumer environment. As part of a new report, the firm noted that the credit market has seen steady growth in recent years, with covered receivables ... Read the full article
Aon / WTW combination is possible but unlikely: KBW
28th February 2020
Analysts at Keefe, Bruyette & Woods (KBW) have said that a potential business combination between re/insurance brokers Aon and Willis Towers Watson (WTW) is “unlikely but not impossible.” Speculation about a possible merger deal between the two broking giants was sparked last week after WTW confirmed that it was exploring “strategic ... Read the full article
WTW / Aon combination could require Willis Re sale: Analysts
25th February 2020
Analysts at Wells Fargo Securities have suggested that a potential combination with Aon could require Willis Towers Watson (WTW) to sell off its reinsurance arm, Willis Re. Speculation about a possible merger deal between the two broking giants was sparked last week after WTW confirmed that it was exploring “strategic ... Read the full article
Aon announces new COO amid United strategy push
25th February 2020
Global re/insurance broker Aon has appointed John Bruno to serve as Chief Operating Officer alongside his existing role leading development of the firm’s business services platform. Reporting to Aon Chief Executive Officer, Greg Case, Bruno will also continue as CEO of Data & Analytic Services and add the firm's technology-enabled Affinity ... Read the full article
Aon names Eric Andersen as president, Michael O’Connor departs
24th February 2020
Re/insurance broker Aon has announced the appointment of Eric Andersen as its new president, effective March 1. Michael O'Connor departs the company following a 12-year tenure in order to pursue new opportunities. The two had served together as co-president since 2018. Andersen has for the past 22 years served in several key ... Read the full article
Carleen Patterson joins Alliant’s Public Entity Group from Aon
14th February 2020
Carleen Patterson, previously of insurance and reinsurance broker Aon's Risk Solutions division, has been appointed First Vice President, Practice Leader within Alliant's Public Entity Group. In her new role, Patterson will be based in the company's Dallas, Texas office and will be tasked with providing innovative insurance and risk management solutions ... Read the full article
Australian disasters highlight need for long-term resilience: Aon analysts
13th February 2020
The increasing frequency and severity of weather-related disasters in Australia highlight a need to focus on more long-term resilience measures, according to analysts at re/insurance broker Aon. Australia recorded one of its most notable years for weather disasters in 2019, which is already the fifth largest insured loss year over the ... Read the full article
Aon’s PathWise platform implemented by Korean insurer Kyobo Life
13th February 2020
Re/insurance broker Aon has announced that South Korean insurer Kyobo Life has implemented its PathWise computing platform in preparation for the IFRS 17 and K-ICS financial reporting regimes. The company embedded PathWise as its all-in-one financial risk management platform for a range of tasks, including assumption management, economic scenario generation (ESG), ... Read the full article
Coronavirus a “wakeup call for insurers”, says Aon’s Dutkiewicz
11th February 2020
Colin Dutkiewicz, Head of Life at Aon’s Reinsurance Solutions business, has said that the ongoing coronavirus outbreak should serve as a “wakeup call for insurers” to further analyse their exposure to epidemics and pandemics. With analysts now suggesting that the coronavirus could represent a significant risk for re/insurers across the globe, ... Read the full article
Miller adds facultative reinsurance specialist from Aon
11th February 2020
Specialist insurance and reinsurance brokerage, Miller, has announced the appointment of Michael Lazarus to its Facultative Reinsurance team. Lazarus started his career in the re/insurance industry in 1993 and joins Miller from rival re/insurance broker Aon in London. During his career, he has worked in London, Australia, the U.S., Hong Kong, ... Read the full article
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