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 launches flood replacement cover for Harvey hit organisations
30th August 2017
Insurance and reinsurance broking giant Aon has launched a flood insurance replacement product for those organisations that have been hit by flooding related to hurricane Harvey and have impaired or exhausted their coverage limits on property policies. Aon Risk Solutions, Aon plc's global risk management business, has created a flood limit ... Read the full article
Aon Netherlands to acquire UMG from Aegon for €295 million
8th August 2017
Netherlands-based subsidiary of insurance and reinsurance brokerage Aon, Aon Groep Nederland, has announced that it will acquire Unirobe Meeùs Groep (UMG) from Aegon for €295 million (US$348.4 million). The deal is expected to close in the fourth-quarter of this year, and remains subject to council advice and approval from Dutch regulators. The ... Read the full article
Proportion of 2017 cat losses covered by re/insurance up 10%: Aon
20th July 2017
The first-half of 2017 brought catastrophe losses to the global economy of $53 billion, 42% of which, or $22 billion was covered by re/insurance protection, according to Aon Benfield unit, Impact Forecasting's latest catastrophe report. 76% of total global catastrophe losses were from U.S. events, making the U.S. the only region ... Read the full article
Longevity reinsurance market pricing back on track in H2 2017: Aon
7th July 2017
Reinsurers have adjusted pricing to match the recent changes in UK mortality rates, after the market experienced pricing dislocation last year, according to insurance and reinsurance broker, Aon. Longevity market pricing is now back on track after a period of dislocation when longevity reinsurers were slow to adjust pricing to reflect ... Read the full article
Jason Hogg named leader of Aon Cyber Solutions and CEO of Stroz Friedberg
11th May 2017
Global insurance and reinsurance broker Aon has named Jason Hogg as the new Leader of Aon Cyber Solutions, and Chief Executive Officer (CEO) of Stroz Friedberg. Aon has announced a number of hires within its cyber division in recent times, and the appointment of Hogg from private equity firm, Tritium Partners, ... Read the full article
Report finds disconnect between cyber & property risk management
4th May 2017
Global organisations are spending almost four times as much on property related risks than on cyber risks, despite a broad expectation of heightened cyber exposure over the next two years and the greater impact of business disruption to cyber assets than to property, plant and equipment (PP&E) assets, according to Aon ... Read the full article
Risk preparedness at lowest level since 2007: Aon
3rd May 2017
Reinsurance broker Aon Benfield has said firms are at their lowest levels for risk preparedness since 2007 - when it first began to assess the risk environment for businesses in its bi-annual global risk management survey. This is down to firms not yet having caught up with the speed of the ... Read the full article
Traditional reinsurance capital declined by $3 billion in Q4 2016: Aon
11th April 2017
The volume of traditional reinsurance capital declined in the final quarter of 2016 by $3 billion to a reported $514 billion as at December 31st, 2016, while alternative capital growth in the quarter ensured dedicated reinsurance capacity remained at $595 billion, according to Aon Benfield. Reinsurance brokerage and advisory firm, Aon Benfield, ... Read the full article
Emerging markets to be hit hardest by rising terrorism & populism: Aon
11th April 2017
Populism and terrorism have been converging, with both elements feeding into and propagating the other to compound global geopolitical risks, said Aon, noting a 14% increase in global terror attacks last year in its latest Risk Maps report. This terrorism increase has been compounded by rising waves ... Read the full article
Aon promotes John Bruno to Chief Operations Officer
10th April 2017
Aon has announced the promotion of John Bruno to Chief Operations Officer with immediate effect. Bruno joined Aon in 2014 as the Executive Vice President of Enterprise Innovation and Chief Information Officer. His main responsibilities at Aon have involved delivering innovative infrastructure and technology solutions that have simplified processes, increased productivity and ... Read the full article
Kingstone’s voluntary NY flood solution brings more risk to private market
23rd March 2017
Property and casualty insurance holding company, Kingstone Company, Inc., has received necessary approval for its innovative voluntary flood solution for National Flood Insurance Program (NFIP) X-Zone residents in New York State, the company has announced. It's believed that this is the first voluntary flood solution in New York State, and enables NFIP X-Zone ... Read the full article
Aon to sell Benefits Admin & HR BPO platform to Blackstone
10th February 2017
Global insurance and reinsurance broker Aon has agreed to sell the Benefits Administration & HR Business Process Outsourcing (BPO) platform of its Aon Hewitt division to Blackstone, for up to $4.8 billion. The broker announced that it's signed a definitive agreement to sell the business units to investment giant Blackstone for ... Read the full article
Aon reports organic reinsurance revenue growth
10th February 2017
Insurance and reinsurance broker Aon plc has reported organic growth in its reinsurance operations at Aon Benfield in the final quarter of 2016. The broker reported a 2% increase in organic reinsurance related revenues at the firm, increasing from $323 million in the fourth-quarter of 2015 to $329 million in the ... Read the full article
Price adjustment for longevity re/insurance forecasted: Aon
9th February 2017
Retirement and health broker and advisory Aon Hewitt, part of the insurance and reinsurance Aon plc group, said there's been a sooner than expected reduction in mortality improvement rates resulting in adjustments to UK longevity insurance and reinsurance capacity pricing. The carrier has urged pension schemes to review these emerging lower ... Read the full article
New risk models to pressure price adequacy of Asia reinsurance
26th January 2017
Catastrophe risk modellers Impact Forecasting, AIR, RMS, and CoreLogic will be releasing updates to their existing risk models as well as new sophisticated tools to quantify and manage risks in the Asia region, Aon reported in its 2017 Asia market review. The updates are expected to lead to an in increase ... Read the full article
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