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 JLT’s Dave Barratt to its UK Risk Settlement team
2nd May 2019
Global insurance and reinsurance broker Aon has appointed JLT's Dave Barratt as a Senior Consultant within its UK Risk Settlement team. Barratt joins after spending 13 years with rival broker JLT, where he was an experienced defined benefits settlement consultant within JLT Employee Benefits. Throughout his career, Barratt has advised numerous trustees and ... Read the full article
RoE fails to cover cost of equity for the Aon Reinsurance Aggregate
1st May 2019
For two years in a row, the return on equity (RoE) across the Aon Reinsurance Aggregate (ARA) has fallen below the ARA cost of equity, which is expected to drive further consolidation within the reinsurance sector, according to global broker Aon. Insurance and reinsurance broker Aon has released the latest edition ... Read the full article
Aon profits up in Q1 with 9% income boost
26th April 2019
Global insurance and reinsurance broker Aon grew its operating income by 9% to $872 million in the first quarter of 2019, partly due to strong organic revenue growth in its Commercial Risk Solutions and Reinsurance Solutions businesses. Operating income also improved by 8% on an adjusted basis due to organic revenue ... Read the full article
Aon creates new Global Construction & Inland Marine unit
23rd April 2019
Global insurance and reinsurance broker, Aon, has announced the combination of its Construction & Engineering and Inland Marine teams into a single practice within its Reinsurance Solutions operation. The new unit will be known as the Global Construction & Inland Marine practice group, and Aon states that its formation reflects recognised ... Read the full article
Industry losses from Q1 nat cats 47% below 15-year average: Aon
17th April 2019
Preliminary data from Aon’s latest market outlook report shows that through the first three months of 2019 re/insurers sustained natural catastrophe losses of $7.1 billion, 47% below the 15-year average of $13.5 billion. Roughly $4 billion of that insured loss figure was sustained in the US, where five of the ten ... Read the full article
Aon advises Bank of America Merrill Lynch UK Pension Plan on £400mn buy-in
16th April 2019
Global insurance and reinsurance broker Aon has been named as the adviser for the Trustees of the Bank of America Merrill Lynch UK Pension Plan's recent £400 million (US$523mn) buy-in transaction with Scottish Widows. The buy-in covers all 915 pensioner members in the bank's largest pension scheme, and is the latest ... Read the full article
Fall in traditional equity drives 3% decline in global reinsurer capital: Aon
15th April 2019
Global, dedicated reinsurance capital declined by 3% in 2018 ending the year at $585 billion, driven by a fall in traditional capital as the alternative sector grew once again, according to Aon's 2019 Reinsurance Market Outlook. From the end of 2017 to the end of 2018, traditional reinsurer capital declined by ... Read the full article
Zurich Canada secures Aon’s Marco Royer as Head of Liability
12th April 2019
The Canadian operations of global insurer Zurich has announced the appointment of Marco Royer as Head of Liability, effective July 1. Royer joins from Aon after a 12 year stretch at the firm, most recently serving as the Head of its Canadian reinsurance broking team. He has a strong technical casualty underwriting ... Read the full article
Rising terror threat, populism, political tension a challenge for businesses: Aon
11th April 2019
Growing populism in some parts of the world, combined with increasing protectionist measures in others and rising political and trade tensions, are creating both challenges and opportunities for the risk transfer industry, according to Aon's 2019 Global Risk Maps. The insurance and reinsurance broker's 2019 Global Risk Maps, developed alongside Continuum Economics ... Read the full article
Aon leverages AI to extract data insights from historical insurance documents
11th April 2019
Global insurance and reinsurance broker Aon has leveraged Groundspeed's artificial intelligence (AI) technology to uncover invaluable insights, helping the firm identify underlying causes of claims. The AI technology harvested critical data from thousands of historical insurance documents, identifying 170 million data points. Aon states that the manual process of extracting data resulted ... Read the full article
Global flood events in March result in $8 billion of economic losses: Aon
9th April 2019
Flooding events across the world in the month of March has resulted in economic losses of roughly $8 billion, with approximately half of this coming from events that hit the U.S., according to global insurance and reinsurance broker, Aon. Aon's monthly global catastrophe report highlights numerous flood events, which, combined are ... Read the full article
Aon raises industry loss estimates to $11bn for Michael, $5.5bn for Florence
2nd April 2019
Re/insurance broker Aon has released the highest industry loss estimates yet for the two major hurricanes that hit the U.S last year, estimating total re/insured losses of $11 billion for Hurricane Michael and $5.5 billion for Hurricane Florence. The updated figures came as part of Aon’s March Event Recap Reports, which ... Read the full article
Aon appoints Marsh’s Charnaud EMEA Chairman, M&A and Transaction Solutions
28th March 2019
Global insurance and reinsurance broker Aon has announced the appointment of Edwin Charnaud from Marsh as EMEA Chairman for its mergers and acquisition (M&A) and Transaction Solutions unit. The appointment is effective April 15th, 2019, and Charnaud will be tasked with assisting the acceleration of the regional M&A and Transaction Solutions ... Read the full article
Aon to offer AI, machine learning tools with new InsurTech partnership
14th March 2019
Global re/insurance broker Aon has struck a strategic alliance with Zesty.ai, an InsurTech startup which uses Artificial Intelligence (AI) and machine learning to process satellite imagery, data from aircraft, physical characteristics of properties, building permit data and energy consumption data in order to generate granular risk analysis of buildings and ... Read the full article
Aon’s New Ventures Group positioned to accelerate IP push
13th March 2019
Global re/insurance brokerage Aon has announced that its New Ventures Group (NVG) will be formally sponsoring the firm’s new Intellectual Property Solutions (IPS) team in an effort to help accelerate its development and expand the marketplace. Meanwhile, Brian Cochrane has been added as the IPS Chief Commercial Officer. He previously ... Read the full article
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