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’s White Rock protected cell company expands to DC
12th March 2019
Insurance and reinsurance broker Aon has announced that its protected cell facilities under the White Rock Group have added a seventh domicile in the District of Columbia (DC), USA. White Rock established its first protected cell company in Guernsey in 1997 and currently manages 250 cells across Bermuda, Gibraltar, Guernsey, Isle ... Read the full article
Australia’s Queensland floods to cost re/insurers $893mn: Aon
7th March 2019
The re/insurance industry is expected to incur losses of AUD $893 million (USD $635 million) as a result of the widespread flooding that affected Australia’s North Queensland from January 26 to February 7, according to Aon’s Impact Forecasting team. The estimate came as part of Aon’s monthly Global Catastrophe Recap report, ... Read the full article
Aon does not intend to pursue Willis Towers Watson deal
6th March 2019
Re/insurance brokerage Aon has now confirmed that it does not intend to pursue a deal to acquire rival broker Willis Towers Watson (WTW). Media reports emerged yesterday claiming that Aon was in early discussions with WTW about a potential acquisition. Aon then confirmed then it was in the early ... Read the full article
Aon confirms consideration to acquire Willis Towers Watson
6th March 2019
Insurance and reinsurance broker Aon has confirmed that it is in the initial stages of considering an offer to acquire Willis Towers Watson (WTW). Reports emerged yesterday that Aon had held preliminary talks with WTW over a potential deal that would see the combination of two of the world's largest ... Read the full article
Aon is considering an offer to buy Willis Towers Watson, reports Bloomberg
5th March 2019
Global insurance and reinsurance broker Aon is reportedly in talks to acquire rival broker Willis Towers Watson (WTW), according to a Bloomberg report, which cites people familiar with the matter. Bloomberg reports that Aon is considering the purchase of WTW, and is preparing to submit an offer in the coming weeks. According ... Read the full article
Aon partners with software firm Skytek on marine risk accumulations
5th March 2019
Insurance and reinsurance broker Aon plc has partnered with software firm Skytek to provide real-time monitoring of re/insurers’ marine risks and to identify accumulations for enhanced underwriting and reinsurance programs. As part of the collaboration, Aon has established a new consultancy based on the Skytek system that uses real-time satellite tracking ... Read the full article
Chubb, Impact Forecasting team up on new terrorism risk model
4th March 2019
Global insurer Chubb has partnered with Aon’s Impact Forecasting on a terrorism risk model, designed for deployment in dense urban environments such as Manhattan, that is able to distinguish between facade and structural damage as well as determine the likelihood that a building will collapse. Risk modelling specialists from both firms ... Read the full article
Aon expands restructuring plan, estimates additional job losses
25th February 2019
Insurance and reinsurance broker Aon's global Restructuring Plan, initiated in 2017, is now expected to result in estimated job losses of between 4,800 to 5,400, which is up 12% from the 4,200 to 4,800 expected job eliminations announced in early 2018. The updated range was announced in the global broker's most ... Read the full article
Aon highlights greatest cyber security challenges for businesses
14th February 2019
Global insurance and reinsurance broker Aon has published a new report that details the greatest cyber security threats and challenges to organisations in 2019, highlighting both the significant opportunities and risks that new technologies bring. The 2019 Cyber Security Risk Report identified eight key areas where business are likely to face ... Read the full article
Lambrou appointed Global CEO of Commercial Risk Solutions, Aon
11th February 2019
Global insurance and reinsurance broker, Aon, has named veteran Aon leader, Lambros Lambrou as Global Chief Executive Officer (CEO) of its Commercial Risk Solutions division. According to the broker, this appointment is another significant step to realise the full potential of its Aon United growth strategy. Lambrou replaces Mike O'Connor as CEO ... Read the full article
Aon partners with insurtech firm to streamline claims process
5th February 2019
Global insurance and reinsurance broker Aon has entered into a new strategic alliance with insurtech firm Claim Central to digitize and streamline its claim management capabilities. The collaboration aims to enhance the customer experience using technology and services developed specifically for property and casualty (P&C) insurance companies. Claim Central will also open ... Read the full article
Aon reports strong organic growth across business segments in Q4
1st February 2019
Global insurance and reinsurance broker Aon saw its total revenue increase to $10.8 billion for the full-year 2018, which includes 5% of organic revenue growth. The global re/insurance brokerage has announced its results for the fourth-quarter and full-year 2018. Concerning revenues, the broker states that total revenues for Q4 increased 3% ... Read the full article
Aon announces departure of Broking unit CEO Fitzgerald
30th January 2019
Global insurance and reinsurance broker Aon has announced that Tom Fitzgerald, Chief Executive Officer (CEO) of Aon Broking, is to leave the company after 27 years of global service. Prior to his role as CEO of Aon Broking, Fitzgerald led the U.S. Commercial Risk and Health operations. Aon has said that ... Read the full article
Industry wildfire losses near $20bn in record year for insurers: Aon
29th January 2019
Global insured losses for catastrophic fire events set a new record at near $20 billion in 2018, with the majority of losses driven by wildfires in California, according to estimates from Aon. The broker noted that wildfires caused extremely elevated losses and human casualties for a second consecutive year in 2018, ... Read the full article
Aon Reinsurance Solutions launches life specialty practice, names head
24th January 2019
Aon’s Reinsurance Solutions business has announced the launch of a new life practice group and appointed Colin Dutkiewicz to lead as the firm’s Global Head of Life. The broker hopes to foster growth in the life market by building upon the firm’s existing annuity transactions and the success of its PathWise ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
