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 addresses silent cyber with $350m reinsurance solution
11th September 2018
Global re/insurance broker Aon has announced the launch of a new reinsurance solution, backed with $350 million capacity, designed to help carriers navigate the consequences of silent cyber. Silent cyber can occur when other types of insurance or reinsurance products fail to explicitly exclude cyber risks, which could result in an ... Read the full article
Re/insurers failing to close protection gap: Aon’s Nick Frankland
10th September 2018
The insurance protection gap is not being closed at the pace it should be, according to Nick Frankland, UK CEO of Aon Reinsurance Solutions, largely because of re/insurers' failure to accept additional risk in a market that currently has an excess of capital. “Public-private enterprise is the protection gap that we ... Read the full article
Aon launches new advisory unit for capital optimisation
9th September 2018
Global re/insurance broker Aon has launched of a new Capital Advisory unit within its Aon Reinsurance Solutions business, designed to deliver holistic approaches to capital optimisation for re/insurers, Lloyd’s syndicates, and captives. Led by Eric Paire, who joined Aon from Guy Carpenter in March, the new Capital Advisory team will ... Read the full article
Alternative reinsurance capital increasing in size and maturity: Aon Securities
9th September 2018
As at June 30th, 2018, the volume of alternative capital in the re/insurance industry reached a record $98 billion, according to the investment banking division of insurance and reinsurance broker Aon, Aon Securities. Aon Securities recently published its annual report on the insurance-linked securities (ILS) space, which highlights continued growth across ... Read the full article
Aon’s reinsurance business announces new hire & series of UK leadership changes
7th September 2018
Global re/insurance broker Aon has announced a series of role changes within its London-based UK leadership team as well as the hiring of Peter Stubbings as a replacement for outgoing Chief Executive Officer of Global ReSpecialty, Bob Bisset. Bisset will become UK Growth Leader, overseeing Aon’s nine UK business divisions. He ... Read the full article
Aon addresses global protection gap with launch of PPE specialty practice
5th September 2018
Aon’s Reinsurance Solutions business has announced the launch of its Public Private Enterprise (PPE) specialty practice, a move intended to address the global reinsurance protection gap by providing advice and solutions to entities, including governments. The PPE practice will be initially based in London with a focus on terrorism and natural ... Read the full article
Aon promotes two to strengthen cyber reinsurance business
30th August 2018
Global re/insurance broker Aon has promoted Catherine Mulligan and Luke Foord-Kelcey within its Reinsurance Solutions (RS) unit to bolster its suite of cyber solutions for insurers. Mulligan has been appointed Global Head of Cyber and will be responsible for setting strategy, driving growth, building the team and working closely with Aon’s ... Read the full article
Aon names leader of Global Financial Institutions
28th August 2018
Global insurance and reinsurance broker, Aon, has announced the appointment of Joel Sulkes to the newly created role of Global Financial Institutions leader. In his new role, Sulkes will be based in New York, and will focus on large, multinational financial institutions in order to drive strategic growth in both the ... Read the full article
Aon has advanced plans for post-Brexit EU hub
21st August 2018
Insurance and reinsurance broker Aon has advanced plans to establish a new European hub outside of the UK to ensure continuity for its clients post-Brexit, if necessary. The re/insurer broker has underlined the significant challenge the ongoing uncertainty surrounding the outcome of Brexit poses for everyone, stating that the prospect of ... Read the full article
Aon names Brian Wanat Chief Broking Officer, U.S. Commercial Risk Solutions
17th August 2018
Insurance and reinsurance broker Aon has announced the appointment of Brian Wanat to the position of Chief Broking Officer of U.S Commercial Risk Solutions. Wanat will report to Aon’s Chief Executive for U.S Retail, Lori Goltermann, and his management responsibilities will span across the Financial Services Group, National Property, National Casualty, ... Read the full article
Global reinsurer capital up 1% in Q1: Aon
13th August 2018
Global, dedicated reinsurance capital increased by 1% during the first three months of 2018 from the end of 2017, to $610 billion, driven by the continued expansion of the alternative reinsurance capital space, according to Aon. Insurance and reinsurance broker, Aon, has revealed that during the first-quarter of 2018, traditional reinsurance ... Read the full article
Aon to deliver Arabian Peninsula Earthquake model on Simplitium’s ModEx platform
8th August 2018
Simplitium, a provider of risk analysis services, has announced that the new Arabian Peninsula Earthquake model from Aon’s catastrophe model development centre, Impact Forecasting, is to be delivered on its multi-vendor ModEx platform. The Arabian Peninsula Earthquake model covers Saudi Arabia, Kuwait, UAE, Qatar, Bahrain, Oman and Yemen and provides a ... Read the full article
Aon’s flagship PCC vehicle White Rock Guernsey approaching 200 cells
24th July 2018
The Aon-owned White Rock Group has announced that its flagship Guernsey-domiciled operation is nearing 200 cells, 21 years after the White Rock Insurance Company launched as the world's first PCC. PCCs allow for segregation of assets or liabilities, so have been used to enable multiple transactions to be effected in different ... Read the full article
Rating agencies maintain divergent reinsurance sector outlooks: Aon
20th July 2018
Rating agencies continue to hold divergent outlooks for the global reinsurance sector, with prolonged market softening and 2017 catastrophe losses driving down profits, while the sector's capital adequacy remains very strong in 2018, reports global insurance and reinsurance broker, Aon. Both A.M. Best and Fitch hold a negative outlook for the ... Read the full article
Aon and Chubb partner on new terrorism and political violence policy
10th July 2018
Re/insurance broker Aon plc has collaborated with Chubb Limited and Lloyd’s to develop a new stand-alone terrorism and political violence solution, called Platinum, which addresses the demands of an increasingly regulated market. Platinum has been designed for multinational clients looking to fulfil local regulatory requirements in all territories they operate in, ... Read the full article
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