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 names Andersen and O’Connor Co-Presidents, retires business unit brands
15th May 2018
Aon has appointed Eric Andersen, current Chief Executive Officer (CEO) of Aon Benfield, and Michael O’Connor, current CEO of Aon Risk Solutions, as Co-Presidents of the firm. The appointments come alongside the announcement that Aon will be retiring its remaining business unit brands, Aon Risk Solutions and Aon Benfield, creating instead ... Read the full article
Zurich completes £2bn longevity risk transfer deal with UK’s National Grid
15th May 2018
Zurich Insurance Group has completed an intermediated longevity swap deal that covers more than £2 billion of pensioner liabilities for the UK’s National Grid Electricity Group of the Electricity Supply Pension Scheme (ESPS). The transaction, which represents Zurich’s largest ever longevity swap arrangement, will protect the National Grid against the risk ... Read the full article
Aon names Richard Schuyler as CEO of Aon Carrier Link
11th May 2018
Global insurance and reinsurance broker, Aon plc, has announced that Richard Schuyler is to become the Chief Executive Officer (CEO) of Aon Carrier Link, the company’s data and analytics distribution channel. Schuyler will now be responsible for helping clients to digitally manage the placement process by leveraging technology to connect Aon’s ... Read the full article
Aon’s reinsurance broking revenues soar in Q1
4th May 2018
Reinsurance broking revenues at Aon plc soared in the first-quarter of 2018, with the firm reporting a 100% increase year-on-year, on a reported basis, as its Aon Benfield unit led a 3% organic revenue increase across the insurance and reinsurance broking group. Aon reported that its reinsurance business under the Aon ... Read the full article
Aon names Lambrou Chief Commercial Officer and CEO of Global Specialties
3rd May 2018
Aon plc has announced the appointment of Lambros Lambrou as Global Chief Commercial Officer and Chief Executive Officer (CEO) of Global Specialties for the firm’s commercial risk business. Lambros has over 30 years’ experience in the risk management industry, most of which has been spent working for Aon in various positions ... Read the full article
Global political risks becoming increasingly volatile: Aon
17th April 2018
Aon has reported that global political volatility is leading to increased political violence and political risk, with the likelihood of interstate conflict, terrorism, and general political and economic disruption all increasing. Aon’s 2018 Risk Maps report found that political violence risks are rising globally due to geopolitical tensions, a weakening of ... Read the full article
Risk settlement market remains promising in 2018: Aon
11th April 2018
Aon has reported that the risk settlement market presents many attractive opportunities for re/insurers in 2018, with the strong pricing seen in 2017 expected to continue throughout the coming year. The projection was part of Aon’s ‘Risk Settlement Market 2018’ report, which analysed 2017’s market trends and generated predictions for the ... Read the full article
Nathan Shanaghy to replace David Ledger as COO, Aon UK Ltd
23rd March 2018
Current Chief Operating Officer (COO) of Aon Risk Solutions UK and the London Global Broking Centre, Nathan Shanaghy, has been appointed COO of Aon UK Ltd, reporting to Julie Page, Chief Executive Officer (CEO) of Aon UK Ltd. He succeeds David Ledger, who is set to retire at the end of ... Read the full article
Aon UK hires Matt Kimber as Chief Risk Officer
20th March 2018
Aon UK Ltd has announced that Matt Kimber has been appointed new Chief Risk Officer (CRO) of the company, replacing current interim CRO John Nicholson. Kimber, who joins Aon from broker Jardine Lloyd Thompson (JLT), will become an Aon UK board member, and will report to Julie Page, Chief Executive Officer ... Read the full article
Aon’s One Underwriting unit appoints new Director from Swiss Re
19th March 2018
Global insurance and reinsurance broker Aon's Australian third-party distribution business, One Underwriting, has appointed Adam Cox as its new Director, as former One Underwriting Director, Alison Smith, transitions to the firm's broking area. Cox joins the broker after eight years with reinsurance giant Swiss Re, where he was most recently responsible ... Read the full article
UK annuity market shows maturity, 2018 poised to be most active year: Intermediaries
16th March 2018
Following the announcement that Rothesay Life has reinsured a £12 billion chunk of Prudential plc’s annuity book, intermediaries have noted increased maturity in the UK bulk annuity market, with 2018 set to be the most active year on record for bulk annuities (buy-ins and buy-outs). According to James Mullins, Head of ... Read the full article
Global nat cats in Feb to cost at least hundreds of millions of dollars: Aon
9th March 2018
Aon Benfield’s monthly Global Catastrophe Recap report has evaluated the impact of Storm Emma and the freezing temperatures that hit large areas of Europe over February, and has predicted that the total financial costs will be at a minimum in the hundreds of millions of dollars (US), and will very likely be ... Read the full article
UK pension scheme liabilities could be reduced by up to 1% with CMI 2017: Aon
8th March 2018
The new Continuous Mortality Investigation (CMI) model, CMI 2017, could reduce a pension scheme’s liabilities by between 0.5% and 1%, compared with the previous version of the model CMI 2016, according to Aon estimates. The 2017 CMI model is adjusted to include lower than expected levels of mortality improvement in England ... Read the full article
Dominic Christian appointed new Global Chairman of Aon Benfield
1st March 2018
Aon plc has announced that it has appointed Dominic Christian as new Global Chairman of Aon Benfield, and that Julie Page has been promoted to Chief Executive Officer (CEO) of Aon UK Ltd. Christian has been the CEO of Aon UK Ltd, the firm’s UK risk management, insurance broking, and reinsurance ... Read the full article
January storms expected to cost European insurers over $2 bn
9th February 2018
The Atlantic storm systems that impacted Western and Central Europe in January are expected to cost European insurers more than $2 billion, according to Aon's latest catastrophe report. The German Insurance Association (GDV) said the most significant windstorm Friederike, was the costliest windstorm in the country since Windstorm Kyrill in 2007, ... Read the full article
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