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 establishes New Ventures Group, assigns leadership team
18th October 2018
Global insurance and reinsurance broker Aon has established a New Ventures Group and assigned a team of senior leaders to it, which includes the appointment of Tony Goland as Chief Innovation Officer, effective November 1. Aon said that the creation of the Group represented another significant step towards realising the goals ... Read the full article
Aon & Marsh collaborate with European industry bodies on cyber risk guide
12th October 2018
A group of European industry bodies including BIPAR (European Federation of Insurance Intermediaries), FERMA (Federation of European Risk Management Associations), and Insurance Europe have published a guide to help organisations better evaluate their cyber security posture and need for cyber insurance. The guide, published in association with Aon and Marsh, is ... Read the full article
Global protection gap exposed by September’s nat cat losses: Aon
11th October 2018
The natural catastrophes that unfolded throughout September are expected to inflict tens of billions in economic losses and, according to a report by Aon, highlight the prevalence of global under-insurance. The report reveals that the U.S endured two tropical cyclone landfalls during the month - Tropical Storm Gordon and the costlier ... Read the full article
Abundant capital driving nat cat resilience & innovation: Aon
5th October 2018
Despite huge insured losses in 2017 an ongoing abundance of capital means the industry’s capacity to meet and operate profitably in the face of natural catastrophe is not only stable, but growing, according to Rohan Dixon, Executive Vice-President and Chief Broking Officer at Aon, Canada. In its latest market report, Aon ... Read the full article
Aon launches Americas Capital Advisory team, Kelly Superczynski to lead
2nd October 2018
Global re/insurance broker Aon has announced the launch of its Americas Capital Advisory team, aimed at strengthening re/insurers’ profitability in the face of low growth, shrinking underwriting margins and perpetually evolving rating agency criteria. Aon says the key goal of this Capital Advisory team is to help re/insurers address a broad ... Read the full article
Are brokers still contributing to the value chain? Aon & Swiss Re heads discuss
28th September 2018
As reinsurance companies increasingly develop capabilities that allow them to interact directly with customers, the position of brokers in the value chain has come into question. Speaking during events at the Reinsurance Rendez-vous event in Monte Carlo, the heads of reinsurance at Aon and Swiss Re offered contrasting opinions on the ... Read the full article
Aon partners with Pembroke on $50mn policy for victims of terrorism
27th September 2018
Global re/insurance broker Aon has collaborated with Pembroke Managing Agency at Lloyd’s in the development of a Public Protection Policy, designed to help businesses provide financial support to individuals affected by a terrorist attack on its premises or owned space. With an aggregate policy limit up to $50 million, the solution ... Read the full article
Aon confident of organic growth, sees business relevance increasing: Analysts
24th September 2018
Global insurance and reinsurance broker Aon believes that the relevance of its business is on the rise and is confident that it can produce mid-single digit organic growth or higher, according to analysts at J.P. Morgan. Analysts met with Aon's Chief Financial Officer (CFO), Christa Davies and the Chief Operating Officer ... Read the full article
Aon catastrophe report highlights protection gap in Asia
20th September 2018
Figures from the latest iteration of Aon’s monthly Global Catastrophe recap report have highlighted the scale of Asia’s protection gap following the severe flood and earthquake events in India and Indonesia respectively. The report states that the Kerala state in India was hit by its worst flooding in over 90 years, ... Read the full article
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
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