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.
Cisco, Apple, Aon, & Allianz introduce new cyber cover for businesses
6th February 2018
Cisco, Apple, Aon and Allianz have collaborated to launch a new cyber risk management solution for businesses which combines cyber resilience evaluation services from Aon, the most secure technology from Cisco and Apple, and options for enhanced cyber insurance cover from Allianz. The new solution is designed to improve firms' management ... Read the full article
London market’s PPL used to close Aon Client Treaty facility
29th January 2018
The London market electronic placing platform PPL was used to close one of Lloyd's largest transactions, the Aon Client Treaty facility for 2018. The transaction is said to be one of the most complex in the Lloyd's market; at 191 pages long, it covers 20 different underwriting ... Read the full article
Aon appoints Mike Smaje to Global Investment Practice partner
22nd January 2018
Insurance and reinsurance broker Aon has named Mike Smaje, pensions investment consultancy and asset management expert, as a partner in its Global Investment Practice set to be based out of the firm's Leeds and Manchester offices. Smaje joins from a role as an investment specialist for Aberdeen Standard (formerly Standard Life ... Read the full article
Aon secured £900mn reinsurance protection for LV=/RGA transaction
15th January 2018
Global insurance and reinsurance brokerage, Aon, recently secured £900 million in reinsurance protection for London Victoria Friendly Society's (LV=) asset and longevity risk transaction. Reinsurance News discussed the £900 million deal between Reinsurance Group of America (RGA) and LV= when it was announced in December 2017, and Aon has now ... Read the full article
Companies’ uptake of standalone cyber insurance to surge in 2018
12th January 2018
In 2018 uptake of standalone cyber insurance policies is expected to surge as companies respond to the growing cyber threat and regulators more strictly enforce and coordinate cybersecurity regulations, according to Aon's 2018 Cybersecurity Predictions report. As firms increasingly feel the heat of cyber attacks with reduced earnings, operational disruption and ... Read the full article
Aon Baltic completes acquisition of broker Balto Link
11th January 2018
Aon Baltic has announced the completion of the acquisition of insurance broker Balto Link, a Baltic region specialist in large corporate business and online sales. General Manager of Aon Baltic Žilvinas Petrauskas commented; “joining forces with Balto Link will create value and empower results for clients of both firms. Balto Link’s ... Read the full article
Aon names Edward Smerdon as Head of Legal and Technical
10th January 2018
Aon has named Edward Smerdon as Head of Legal and Technical for the Financial and Professional Services division of its London-based Global Broking Centre (GBC). Smerdon is a specialist in complex coverage, with an emphasis on financial lines insurance including directors & officers, financial institutions, and professional and employment practice liabilities. Commenting ... Read the full article
UK bulk annuity market to flourish in 2018, says Aon
14th December 2017
Insurance and reinsurance broker Aon is anticipating an active 2018 for the UK bulk annuity market, expecting transactions to reach £30 billion (US$40.3bn) for the first time. Transaction in 2017 are expected to exceed £10 billion (US$13.4bn) for the fourth consecutive year, in spite of the market failing to see any ... Read the full article
Typhoon Damrey drives $1 billion loss in Vietnam
14th December 2017
Vietnam has suffered a $1 billion loss after Typhoon Damrey made landfall on the 4th of November, 2017, killing at least 108 people and damaging over 300,000 properties, according to insurance and reinsurance broker, Aon. Typhoon Damrey made landfall on the 4th of November in the country’s south-central coastal region as a ... Read the full article
Aon expands Switzerland presence with Unidelta AG acquisition
30th November 2017
Aon Switzerland, a division of global insurance and reinsurance broker Aon, has announced plans to acquire Unidelta AG, an insurance broker based in Rapperswil, St. Gallen, Switzerland. Following the acquisition, Chief Executive Officer (CEO) and founder of Unidelta AG, Peter Merkli, will remain as Managing Director, and will also form part of ... Read the full article
Aon Netherlands completes acquisition of UMG from Aegon
1st November 2017
Aon Groep Nederland, the Netherlands subsidiary of global insurance and reinsurance broker Aon, has completed the acquisition of Unirobe Meeus Group (UMG) from Aegon, for €295 million (US$343 million). The transaction includes the whole of UMG and strengthens Aon's position in the Netherlands marketplace, improving its presence in the SME and ... Read the full article
Aon acquires UK insurance broker Henderson
30th October 2017
Insurance and reinsurance broking specialist Aon plc is acquiring Henderson Insurance Broking Group, an independent UK-based insurance brokerage. Henderson is one of the UK’s largest independent brokers, with a focus on general insurance, health and benefits and trade credit insurance. Its clients include large corporates, mid-market and SME businesses and the insurance ... Read the full article
Reinsurance growth drives Q3 results for Aon
27th October 2017
Aon plc, the insurance and reinsurance broking specialist, has reported strong organic growth in its reinsurance treaty placement business during the third-quarter of 2017, which has helped to drive a revenue increase. Aon reports that its reinsurance broking business, which sits under the Aon Benfield brand, saw strong growth, particularly in ... Read the full article
Firms’ intangible assets still vastly unprotected: Aon & Ponemon Institute
26th October 2017
Many enterprises lag behind the protocols for doing business in the tech-era; firms recognise the growing value of intangible assets but continue to disproportionately spend four times more budget on insurance for Property, Plant and Equipment (PP&E) risks, according to a report by Aon and the Ponemon Institute. As historical tangible ... Read the full article
Aon Benfield expands Siccardi’s role to EMEA & UK Head of Client Services
20th October 2017
Aon Benfield, the global reinsurance arm of international broker Aon, has announced the appointment of Leonora Siccardi as EMEA & UK Head of Client Services, based in London. Siccardi will report to Maggie Westdale, Chief Financial Officer (CFO) of Aon Benfield, Richard Posgate, Co-Chief Executive Officer (CEO) of EMEA, Aon Benfield, ... Read the full article
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