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 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
U.S. cyber market continues to grow, remains profitable: Aon
10th July 2018
The latest market update from Aon indicates U.S. cyber insurance is growing increasingly sophisticated while the market expands and becomes less concentrated, resulting in continued profitability and shrinking claims. Following an ‘unprecedented year’ for ransomware attacks a total of 170 U.S. insurers were reportedly writing cyber insurance in 2017, up from ... Read the full article
ACORD, Aon, and Beazley release new Cyber Data Breach Standard
9th July 2018
ACORD, the insurance and reinsurance industry data standards body, has collaborated with Aon and Beazley on the development of the ACORD Cyber Data Breach Standard, a new standard that aims to increase operational efficiency across the global re/insurance value chain. According to a 2017 ACORD survey, nearly 60% of re/insurers consider ... Read the full article
Aon Reinsurance Solutions names head of new Global Portfolio Broking team
4th July 2018
Aon has named Andrew Matson as head of its newly formed Global Portfolio Broking team within its recently established Reinsurance Solutions business. Matson will be tasked with matching cedents seeking additional or specialist capacity with carriers looking to diversify their current risk profile and gain access to non-correlating risks. Most recently, Matson ... Read the full article
Tokio Marine Kiln launches $100mn IP facility with Aon
3rd July 2018
Tokio Marine Kiln, a global provider of specialist and corporate re/insurance, has partnered with Aon and several other Lloyd’s syndicates in establishing a new $100 million intellectual property facility. Led by TMK the facility is to offer tailored cover for businesses of all sizes and will help protect against a wide ... Read the full article
PIC concludes £850m full buyout of the PA Pension Scheme
2nd July 2018
Pension Insurance Corporation plc (PIC) has announced the completion of a full buyout of all members of the PA Consulting Pension Scheme, covering £850 million of liabilities and roughly 2,400 members. PIC, a specialist insurer of defined benefit pension funds, wrote a total £3.2 billion of new business in the first ... Read the full article
Aon expands Intellectual Property offering with new insurance solution
28th June 2018
Aon has announced the introduction of a new Intellectual Property insurance solution, bolstering its current suite of integrated IP capabilities one month after acquiring IP firm 601West. “Considering the current environment, the importance of managing the value creation opportunity afforded by IP and the downside risk mitigation of IP has ... 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.
