Aon

Aon’s Hunt: Industry challenges underscore need for facultative solutions

Buyers of reinsurance are beginning to turn to facultative coverage to overcome ongoing and emerging market risks, according to Laura Hunt, Aon’s US facultative insurance leader.

Aon: Shared and layered leads softening as US property rates fall by 0.94% in Q2

US property insurance rate change entered negative territory for the first time in 27 quarters in Q2 2024 while policyholders going forward can expect reductions of up to 10 percent for desirable accounts and occupancies including on some natural catastrophe-exposed programs, according to Aon.

Aon names Barnes as global chief claims officer

Aon has named Mona Barnes as global chief claims officer within the global leadership team of its Commercial Risk segment.

Hurricane Francine insured losses could reach into low billions: Aon

Economic and insured losses from Hurricane Francine could reach into the lower billions of dollars, with further increases possible as heavy rainfall continues, according to Aon.

The talent gap – A new peak peril for insurers?

To meet customers’ evolving needs: think beyond the sale. Attracting and retaining talent is key to successful outcomes, say Aon’s Lambros Lambrou, head of human capital, and Joe Peiser, head of commercial risk.

Property and casualty markets brace for competitive renewals

Aon’s Tracy Hatlestad and Amanda Lyons on what to expect in the upcoming renewals season.

Top 10 Reinsurance Broker Rankings

Following the whirlwind of M&A activity from 2018 to 2022, our annual Top 10 Reinsurance Broker Rankings, based on 2023 revenue estimates, reveals a stabilised top tier, while the new wave of challenger brokers has begun to make its mark further down the table.

Aon’s Marcell: Reinsurance capital growing but investor caution remains

Andy Marcell, CEO of Aon’s Risk Capital and Reinsurance Solutions segments provides an overview of current market dynamics.

Aon partners with ICEYE to access global flood and US wildfire data

Aon and ICEYE have expanded their partnership with the broking giant licensing the satellite data firm’s global flood insights and US wildfire data.

Aon and Marsh McLennan issue united call for (re)insurers to support Ukraine’s recovery

Brokers Aon and Marsh McLennan have made a united call for the (re)insurance sector to remove blanket exclusions to support Ukraine’s recovery from the conflict with Russia.

Aon's Moore: London market needs psychological shift on talent

To prepare for emerging macro risks, the London market must address strategic questions around talent, according to Rupert Moore, UK CEO of Aon’s Reinsurance Solutions, and Louisa Blain, Aon’s head of insurance for Human Capital.

Aon bolsters Bermuda reinsurance capabilities with five appointments

War and political risk continue to loom over specialty lines at 1.1: Aon

The aviation reinsurance market will be closely monitoring the outcomes of legal disputes related to aircraft leasing claims throughout the remainder of the year, with any crystallisation of losses likely to have “very meaningful” impacts on placements at 1.1, according to Aon.

Aon: Casualty re not in hard market as property softening driven by competition

The casualty treaty is a “nuanced” space but not in hard market territory, while property cat reinsurance is expected to become more competitive priced with strong appetite from reinsurers, according to Aon management.

Aon calls on reinsurers to lean into risk to support a sustainable market

Aon has said that the biggest risk faced by the (re)insurance industry is “diminished relevance” as it said that for reinsurers to provide real value – at a time when they are generating near-record earnings – they must play a more active role in helping insurers manage frequency losses and earnings volatility.

Aon adds Huntersure’s Groarke to professional services practice

Aon has appointed former Huntersure partner Brendan Groarke as managing director and head of growth and strategy for its professional services practice in North America.

Aon’s White Rock issues $45.5mn private cat bond for California wildfire risks

Aon subsidiary White Rock Insurance Company has issued a new $45.5mn private catastrophe bond in Guernsey via the Randolph Re platform.

Aon adds Gallagher Re’s Cane to lead capital advisory in the UK

Aon has bolstered its regional capital advisory leadership with the appointments of Mike Cane and Yen Chu Choo for the UK and Asia Pacific, respectively.

Aon names Kemp head of UK Commercial Risk Solutions

Aon has appointed Rob Kemp as head of Commercial Risk Solutions for the UK.

Aon: Cat bond market tops $45.6bn following “record-breaking” 76 transactions

Record catastrophe bond issuance of $17.9bn in the 12 month period ending 30 June 2024 has accelerated the total size of the market to $45.6bn, according to a new report by Aon Securities.