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 Life Reinsurance Specialist in Australia
7th February 2020
Global insurance and reinsurance broker Aon has announced the addition of Robert Rice to its Life Reinsurance Solutions team in Australia, effective February 3rd, 2020. In his new role, Rice serves as a Life Reinsurance Specialist and will have a focus on enhancing and delivering Aon's Life Reinsurance advisory and risk ... Read the full article
Aon adds senior hires to EMEA M&A and Transaction Solutions practice
6th February 2020
Re/insurance broker Aon has expanded its EMEA M&A and Transaction Solutions practice with the addition of several senior appointments. Firstly, Adrian Lamasz has been appointed as Head of Regional M&A and Mid-Market, UK to lead mid-market Private Equity and Corporate M&A across the UK regional market. He joins from Marsh JLT, where ... Read the full article
Aon enhances cyber services with Cytelligence acquisition
4th February 2020
Re/insurance broker Aon has expanded its cyber offering with the acquisition of Cytelligence Inc, a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, and security consulting and training services. The acquisition will help Aon expand its current coverages within the cyber market at a time when cyber ... Read the full article
Aon hires Emma Carpenter as global super yacht leader
3rd February 2020
Re/insurance brokerage Aon has announced the appointment of Emma Carpenter as global super yacht leader. Taking up her position in London in early March, Carpenter will drive the development of Aon’s super yacht insurance broking business globally. She joins the company from Willis Towers Watson, where she has served as a super ... Read the full article
Aon records 17% organic reinsurance revenue growth in Q4
31st January 2020
Re/insurance brokerage Aon has reported organic revenue growth of 17% for its Reinsurance Solutions segment during the fourth quarter of 2019, driven by double-digit growth cross every major business. Aon said the performance of the segment was highlighted by continued new business generation globally, as well as strong growth in catastrophe ... Read the full article
The Co-operators in CA$660mn longevity insurance deal with CSS
28th January 2020
The third longevity insurance deal in Canada sees The Co-operators assume the longevity risk for CAD 660 million (approximately USD 500 million) of pension plan liabilities from the Co-operative Superannuation Society (CSS) Pension Plan. The longevity arrangement is designed to provide greater financial security to more than 6,300 members of the ... Read the full article
Aon’s Brad Lorimer appointed EVP & Health leader in Canada
28th January 2020
Brad Lorimer, previously National Director Financial Services Group at Aon in Canada, has been named as the new Executive Vice President (EVP) and Health leader in the insurance and reinsurance broker's Canada operation. Lorimer joined Aon 13 years ago, and brings significant industry knowledge to his new role, having spent years ... Read the full article
Aon estimates insured nat cat losses at $71bn in 2019
22nd January 2020
Global re/insurance broker Aon has released its catastrophe loss estimate for 2019, putting overall economic losses at £232 billion, of which the insurance industry is thought to have covered $71 billion. Analysts based this figure on 409 recorded catastrophe events in 2019, and noted that the economic loss was 20% lower ... Read the full article
Aon’s Helene Madell named CBO for Commercial Risk, Health & Affinity UK
20th January 2020
Global insurance and reinsurance broker Aon has appointed Helene Madell as Chief Broking Officer (CBO) for Commercial Risk Solutions, Health Solutions and Affinity in the UK, effective April 6th, 2020. Madell currently serves as Chief Broking Officer for Commercial Risk Solutions, Health Solutions and Affinity for the broker in the Pacific ... Read the full article
Cryptocurrency firm Gemini sets up captive insurer in Bermuda
16th January 2020
Gemini Trust Company LLC, a cryptocurrency exchange and custodian, has set up a captive insurance company in Bermuda, with support from re/insurance brokers Marsh and Aon. Licensed by the Bermuda Monetary Authority (BMA), the captive will provide insurance for customers of Gemini Custody, the crypto cold storage service by Gemini. The solution ... Read the full article
Lars Forsstedt rejoins Aon’s Nordic M&A team
15th January 2020
Global insurance and reinsurance brokerage Aon has announced that Lars Forsstedt has re-joined its Nordic team from Willis Towers Watson (WTW). Forsstedt has been appointed to Aon's Nordic M&A and Transaction Solutions team, joining from WTW where from October 2017 he served as Practice Leader, Private Equity - Nordics. He first joined ... Read the full article
Total reinsurance capital hit record $625bn high in 2019
13th January 2020
Reinsurer capital offset a 3% decline seen in 2018 by increasing 7% over the first nine months of 2019 from $585 billion to $625 billion, according to a report from global re/insurance broker Aon. This was helped by traditional reinsurance capital increasing 9%, or $44 billion to $532 billion, over the ... Read the full article
A disciplined renewals despite market challenges, says Aon
10th January 2020
Global insurance and reinsurance broker Aon has said that in spite of new market dynamics, programs renewed in an orderly fashion at the January 2020 reinsurance renewals season. Aon's January 2020 Reinsurance Market Outlook report highlights an orderly renewals season in most regions, adding that this occurred despite the impacts of ... Read the full article
Aon completes purchase of SME insurtech platform CoverWallet
8th January 2020
Global re/insurance brokerage Aon has completed its previously announced acquisition of CoverWallet, a digital insurance platform for small and medium-sized businesses. Aon believes the acquisition will expand its position in the commercial insurance market for smaller businesses, and allow it to develop improved digital client solutions. CoverWallet joins the portfolio of ... Read the full article
Aon’s Reinsurance Solutions names LatAm CEO
8th January 2020
Global insurance brokerage Aon has announced Pablo Munoz as the new Chief Executive Officer (CEO) for Reinsurance Solutions in Latin America, succeeding Alejandro Galizia. Munoz first joined Aon in 2008 and during his time with the re/insurance broker has held a number of leadership roles, playing an important role in the ... Read the full article
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