Aon
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Rate decreases are often in double digits, but high loss trends and systemic risk persist. -
CEO Greg Case said data centre demand could generate over $10bn in new premium volume in 2026.
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The broker grew earnings per share by 12.1% during the quarter.
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The broker will join Ron Borys’ financial lines team.
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Ben Hanback joins from Aon, where he spent almost a decade.
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Part five in our series looks at how AI can empower brokers to add value as well as speed.
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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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Nine-month insured losses still exceeded $100bn due to California wildfires.
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The London-based pair will report to commercial risk UK CEO Rob Kemp.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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The recruits will join from Nephila, Aon and Malaysian Re.
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Despite a rocky H1, 2025 insured losses from nat cat events may not surpass 2024 levels.
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The executive has worked at Aon for almost two decades.
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Cyberattack/data breach remains in the top slot.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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The toll of risk losses sustained by the PVT market this year is mounting.
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The broker said insurers were facing increasing pressure to improve financial performance in claims.
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This publication revealed in February the incident was expected to lead to a major claim.
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Reinsurer executives stressed that the industry worked hard on setting the right structure.
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Nick Fallon is the latest in a string of retro-broker moves in the market.
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The platform aims to “bend the loss curve”.
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Cat bonds have outperformed private ILS strategies in the YTD, according to ILS Advisers.
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Bazan Group’s refinery near Haifa was badly damaged by Iranian bombardment in June.
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Scale is increasingly becoming a differentiator for reinsurance carriers, the broker noted.
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Paul Campbell details how the most profitable insurers act during a soft versus hard market.
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Supply for property outstrips demand, but the casualty market is “bifurcated”.
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The California wildfires showed reinsurers can absorb major cats and remain profitable.
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What’s next for the reinsurance market as Monte Carlo approaches?
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Aon acquired NFP from Madison Dearborn in April last year in a $13.4bn deal.
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The broker is in hiring mode in specialty after numerous brokers departed for Willis Re.
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After spending 20 years at Aon, Goodman will start a senior executive position with Guy Carpenter.
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The reinsurance veteran joined Aon nearly 20 years ago from Cooper Gay.
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Paul Jeroen van de Grampel drove Aon's M&A and litigation solutions proposition.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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However, group organic growth among public brokers has slowed to pre-pandemic levels.
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Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
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Andrew Laing succeeds Rupert Moore, who will become reinsurance CEO for Asia Pacific.
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The broker has noted that double-digit reductions are increasingly available in property.
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In part II of our series, we look at where AI is being integrated into claims departments.
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The facility was previously for commercial risk clients.
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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.
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The broker’s EPS beat consensus at $3.49 for the quarter.
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The broker has nearly 20 years of experience in the reinsurance and retro markets.
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The impact on the (re)insurance market has been muted due to its strong capital position.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
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A look into how the insurance industry is using AI and where practical gains are arising.
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Plus, the latest people moves and all the top news of the week.
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The broker said the appointments are designed to drive growth.
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John Neal was due to start at Aon as global reinsurance CEO in September.
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The former Lloyd’s CEO will not make his planned move to Aon.
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US events accounted for more than 90% of global insured losses.
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Rates continue to drop as capacity is ample, the broker said.
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Gallagher, Marsh and Aon also faced sizeable outstanding premium payments as at Q4 2024.
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He was most recently Marsh’s US manufacturing and automotive practice head.
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The executive brings more than 25 years of insurance experience.
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The broker has expanded the number of global industry verticals to seven from four.
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The broker noted a “significant variation” in renewal outcomes.
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The platform will capture and standardise data from all submissions, the broker said.
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Coverage has broadened while limits have increased, the broker said.
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The executive was formerly the head of cyber solutions, North America.
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The documents figure in a potential criminal case against a CCB employee.
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Case added that recently acquired broker NFP has “exceeded” expectations.
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Muñoz was also Aon Re chairman for the Latin American region.
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The executive will remain CEO of reinsurance until 1 September.
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Most of the losses are attributable to a supercell storm in Texas.
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The executive will also continue as MD overseeing Caribbean fac.
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Two large storms hit the Midwest and Ohio Valley regions on 14-17 May and 18-20 May.
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The executive will be global reinsurance CEO and climate solutions chair.
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The exec will lead key initiatives including Aon United, and work closely with NFP.
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Hussey will take over the role left vacant when Luis Sonville moved to AJ Gallagher late last year.
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He was appointed executive chairman for international in 2021.
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New broker vehicles are setting up amid accelerated softening in D&F.
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The executive was previously a top US casualty broker.
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Ann Field, Matt Moore and David Griffiths have also had promotions.
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The broker's share price dipped 11% in morning trading after its Q1 earnings missed expectations.
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The commercial risk and reinsurance units delivered mid-single-digit growth.
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Marsh alleges Aon also went after its clients as well as its employees.
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Insured losses were the second highest on record for the first quarter.
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The broker has also hired fellow Aon broker Barry Gordon in a role trading ILWs.
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The 1 April renewals are the key date for Japanese treaty.
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Total reinsurer capital grew by $45bn in 2024 to $715bn.
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Sources said extending coverage to Gen AI may be difficult and unnecessary.
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Plus, the latest people moves and all the top news of the week.
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The broker has promoted Oriol Gaspa Rebull to global head of analytics strategy.
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Earlier today, Aon confirmed president Eric Andersen had stepped down from his role.
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The executive will remain with the firm as a senior adviser to the CEO until mid-2026.
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Eric Paire was head of capital advisory at Aon for nearly seven years.
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The steep reduction in quantum stands to benefit specialty excess of loss reinsurers.
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Sources said the claim is likely to be a multi-hundred-million-dollar event.
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Plus, the latest people moves and all the top news of the week.
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Single-digit organic growth, robust casualty pricing and tapering margins were all key trends.
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The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium.
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The average change for primary policies with the same limit and deductible was a 3.5% decrease.
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Aon saw lower rates in reinsurance as capacity outstripped demand.
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President Andersen said he was optimistic about the 2025 reinsurance market.
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The broker introduced 2025 guidance for mid-single-digit or greater organic growth.
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Secondary perils accounted for 65% of global insured losses in 2024.
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The Moss Landing facility has previously faced major claims.
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The associate director is exiting the broker’s product recall team after 10 years.
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Aon is in hiring mode following the departure of several senior brokers to Howden Re.
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The Palisades fire is estimated at $9bn-$12bn, while Eaton is $6bn-$8bn.
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Total economic and insured losses are “virtually certain” to reach into the billions.
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The Corporation’s CEO will run Aon Reinsurance Solutions.
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The move means Lloyd’s will have a new chairman and a new CEO in the same year.
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The multi-day weather outbreak caused widespread damage from Texas to the Carolinas.
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In property, Canada, Central and Eastern Europe and UAE renewals were impacted by losses.
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The executive said the market would soften during 2025 but would not drop through the floor.
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The facility was launched in partnership with the EBRD.
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Barry Stiff is expected to join Aon in May.
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Jon Thacker has been at WTW for 20 years, specialising in construction.
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The former CEO will also serve as executive managing director within Aon’s reinsurance solutions business.
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The commercial chief said Aon will avoid disrupting clients’ insurer relationships.
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The executive is currently Asia Pacific CEO.
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Cyber is more in the one- or two-year loss development camp, the Lloyd’s CUO said.
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The Indonesian flag carrier moves during the busy Q4 airline renewals.
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The long-serving Aon broker specialises in the placement of cruise portfolios and Norwegian accounts.
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The executive has worked for LSM and Brit.
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The global broker has beaten off competition from AJ Gallagher, and a number of other strategics.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
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Ball will succeed Jeff Poliseno, who is set to retire.
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The broker said Europeans are pushing hard for rate or attachment point relief.
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The broker expanded margins and grew earnings per share by 17% during the quarter.
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The broker is discussing the potential for "smart frequency solutions" with reinsurers.
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Continental cedants are looking for support for third and fourth events.
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Underwriters are broadly pricing on the basis of a $1.5bn Baltimore claim, but there is uncertainty.
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An estimated $6bn to $9bn will be ceded to the FHCF, and $6bn to $10bn to traditional reinsurance markets.
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She most recently led the broker’s UK insurance vertical.
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The “exceptionally large and powerful” Category 4 storm made landfall in Florida last month.
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Richard Pennay will become CEO of Aon Securities.
