Aon

Wanat named Aon’s US commercial broking boss

Aon has named one of its long-standing servants and the former CEO of its financial services group - Brian Wanat - as chief broking officer for US commercial risks solutions.

Aon adds to $1bn+ Carr wildfire loss estimates

Insured losses stemming from the Carr wildfires that continue to ravage parts of North California could burn through the $1bn threshold, according to Aon’s Impact unit.

Aon says Carr fire losses will top $100mn

Economic losses stemming from the Carr wildfire that has ravaged parts of California in recent days are expected to exceed $100mn, according to estimates by Aon.

Aon’s organic revenues up 5% as restructure and litigation hit profits

US storms expected to cost insurers $3bn

Severe thunderstorms in the month of June have led to over $3bn of insured losses, according to estimates by Aon.

Aon and Chubb launch Lloyd’s terrorism and political violence facility

Broking house Aon and (re)insurer Chubb have collaborated to create a stand-alone terrorism and political violence solution at Lloyd’s, the two companies announced today. 

Japanese flood losses likely to top $1bn

Economic losses from flash floods and mudslides that have devastated parts of southern Japan in the past two weeks are likely to exceed $1bn, according to an early estimate from Aon.

US cyber loss ratio shrinks in 2017 despite $275mn Merck loss

Despite 2017 witnessing the industry’s largest ever insured cyber loss at $275mn, it was a banner year for US cyber underwriters with a combined ratio of only 61.4 percent and aggregate premiums climbing to at least $1.84bn.

Aon launches facilities business unit

Aon has created a new business unit - global portfolio broking–  as it looks to grow its facilities business. 

Commercial P&C premiums to jump nearly a quarter by 2021: Aon

The amount of commercial property and casualty business written globally is expected to reach $900bn by 2021, according an estimate by broker Aon.

Marcell to head Aon’s reinsurance unit following restructure

Aon has appointed Andrew Marcell CEO of it’s reinsurance business.

GDPR fines largely uninsurable: Aon and DLA Piper

Insurance for GDPR fines will not be valid in the majority of European jurisdictions, a study by Aon and DLA Piper has found.

Aon merges broking units under Andersen and O’Connor leadership

Aon Risk Solutions and Aon Benfield are to be integrated to come under a single brand as part of a restructure.

Aon’s ex-Bolivia CEO denies stealing millions of dollars from employer

The former CEO of Aon’s operations in Bolivia has denied misappropriating millions of dollars from his old employer in an alleged scandal that saw the broker’s local reinsurance subsidiary taken over by the country’s regulator.

Brokers steady at end of Q1 as reporting changes muddy comparisons

The masters of the P&C broking world got off to a strong start in 2018 as the big three - Willis Towers Watson, Aon and Marsh & McClennan Companies (MMC) - all outstripped consensus earnings estimates with figures heavily influenced by changes to revenue reporting standards.

Aon broking margins grow as reporting changes boost revenue

Aon’s primary and reinsurance broking arms posted organic revenue growth of 4 percent and 6 percent respectively in a first quarter where changes to GAAP accounting standards proved a boon to the group’s headline revenue figures.

Aon Securities predicts $9bn cat bond issuance in 2018

Aon Securities has predicted $9bn worth of cat bonds will be issued by the end of year, slightly down from the record breaking 2017 issuance.

Aon gives Case and Davies three more years at the top

Aon Group CEO Greg Case and finance chief Christa Davies have had their contracts extended for a further three years with the broker after over a decade at the helm.

US ‘Nor’easter’ March storm losses expected to top $1.7bn: Aon Benfield

Insured losses from three powerful ‘Nor’easter’ storms which swept the East coast of the US in March are estimated to reach over $1.7bn, according to data from Aon Benfield.

Aon UK names chief operating officer as Ledger retires

Nathan Shanaghy has been appointed chief operating officer (COO) of Aon UK.