AIG sets 35% cede on groundbreaking environmental QSAIG has sent firm order terms (FOTs) for its environmental quota share to reinsurers with a 35 percent cede, Re-Insurance revealed yesterday to its premium subscribers.
AIG sets 25% cede on giant casualty QSAIG and its broker Aon have put out firm order terms (FOTs) on the insurer’s new core US casualty quota share that include a 25 percent ceding commission and 1 percent brokerage, Re-Insurance can reveal
California wildfire losses to hit ‘record levels’Industry losses resulting from California’s latest round of devastating wildfire activity will be at record levels, AM Best has said.
Aspen arb funds nervous but $350mn cat ceiling appears safeDespite another bruising second half for cat events, Aspen Insurance Holdings appears in no danger from breaching its net cat limit of $350mn which would give buyers Apollo Global Management the option to walk away from its $2.6bn buy-out.
Aon’s organic revenues up 6 percent in Q3Aon saw organic growth climb 6 percent in the third quarter driven primarily by strong new business generation and double-digit growth in cyber solutions, delegated investment management, transaction liability, and voluntary benefits.
Blanch launches new Florida cat broker COIN ReIndustry veteran Ted Blanch has launched a new Florida-focussed reinsurance intermediary, COIN Re, with a mission to “align interests” with insurers by providing them with an economic interest in the new firm.
‘Alternative capital hasn’t tapped into Eastern Europe or MENA yet’: AonCedants in Central and Eastern Europe, Middle East and North Africa are yet to fully embrace the burgeoning alternative capital markets, according to Aon’s Tomas Novotny
Differentiated approach from reinsurers key to Nordic and Benelux growth: AonIn an ever more crowded market, reinsurers looking to grow their books in Nordic and Benelux countries will be helped by taking a focussed and segmented approach to evaluating their clients, according to Aon’s regional head
Closing the protection gap with public private enterprisesEmma Karhan, leader of the Public Private Enterprise (PPE) specialty practice of Aon’s Reinsurance Solutions business on how PPEs can learn from each other and move the costs of the protection gap to the private sector
Hannover Re takes 2018 cat bond issuance over $1.5bnHannover Re has demonstrated its pre-eminence in the ILS market with the issuance of a $125mn Californian wildfire cat bond, SD Re Ltd.
September nat cats to cost ‘tens of billions’Natural catastrophes will cost the global economy ‘tens of billions’ in September, according to Aon’s latest catastrophe report.
GIC Re expands on back of Indian agri-re boomThe rapid growth in India’s agricultural insurance market means GIC Re is now responsible for the industry’s largest non-US agricultural reinsurance treaty with the firm experiencing a doubling of inwards gross premiums for the class in only one year.
Aon extends capital advisory offering to AmericasAon has built on its recently-launched capital advisory practice by extending its offering to the Americas, the broker’s reinsurance arm announced today.
ILS updateFollowing record catastrophe bond issuance in 2017, and the impact of Hurricanes Harvey, Irma, Maria, the insurance-linked securities sector could have had a challenging time maintaining its momentum, writes Aon.
Reinsurance remains a buyers’ market despite cats: MarcellThe head of Aon’s newly-minted Reinsurance Solutions business Andy Marcell has said rates in the sector still favour those seeking capacity.
Frankland hails Hancock reforms but criticises expense burdenAon’s UK reinsurance head has praised the actions of Lloyd’s performance director Jon Hancock in tackling the markets poor performers as an “essential” first step to forcing down the Lloyd’s expense ratio “burden”.
Aon’s Andersen: Retiring the Benfield brand a ‘natural next step’The newly-anointed co-president of Aon, Eric Andersen, has said the firm’s decision to retire the Aon Benfield and Aon Risk Solutions brands was the “natural next step” in its evolution as a global professional services firm.
$5bn-$6bn Typhoon Jebi to hit reinsurance treatiesTyphoon Jebi, which pounded Japan last week, is the largest cat loss of 2018 to date with early unofficial estimates of an insured loss of $5bn-$6bn.
Aon launches capital advisory team to strengthen insurer revenuesAon has launched a capital advisory unit within its Reinsurance Solutions division to help (re)insurers, Lloyd’s syndicates and captives ‘fine tune’ their balance sheet and boost capital optimisation.
Demystifying artificial intelligenceThe hype around AI and its potential is extensive, so what is an insurer to do to bring AI to their businesses, asks Paul Eaton, managing director in the analytics division of Aon’s Reinsurance Solutions business.