Aon hires LSM’s FI manager AdamsonLiberty Specialty Markets’ financial institutions (FI) underwriting manager Samuel Adamson is set to join Aon’s specialty casualty reinsurance team, The Insurer understands.
Aon’s Andersen warns against offloading major risks to public sectorThe industry must be very careful about offloading the most significant risks to the public sector as it risks businesses never coming back to the private market, according to Aon president Eric Andersen.
Aon expands Henderson-led climate risk advisory across risk capital functionAon has expanded its climate risk advisory function across the firm’s risk capital segment, which includes both Commercial Risk Solutions and Reinsurance Solutions.
Arch forms intangible assets division with former Aon IP liability teamArch Insurance International has launched an intangible assets division following an agreement with Aon to acquire certain assets of the latter’s intellectual property liability MGA business.
US reinsurance: the regional viewPatrick Abbe, regional and mutual strategic growth leader, Reinsurance Solutions at Aon, reflects on a challenging, yet interesting, year for US regional insurers.
A shift in the marketAon’s Tracy Hatlestad outlines the main topics of discussion for property reinsurance ahead of the APCIA Annual Meeting.
Record SCS losses the big nat cat story in 2023 for US insurersSevere convective storms have been the main driver of insured natural catastrophe losses this year, with the total hit from the peril setting a new record and suggesting the industry should be placing more weight on secondary events.
Economic impact from Storm Ciarán to total “hundreds of millions” of eurosEconomic losses from Storm Ciarán are expected to total “hundreds of millions” of euros, according to Aon.
Aon adds Marsh’s Bullock as MD of construction and infrastructure practiceAon has added senior casualty specialist Andy Bullock to its ranks as managing director of its construction and infrastructure practice, with the new hire joining from Marsh where he most recently served as managing director, deputy leader for US casualty.
Aon brings together UK and EMEA regions under Julie PageAon is bringing together its client-serving capabilities and operations in its existing UK and EMEA regions under the leadership of Julie Page as CEO of the combined region, in a move it says will help simplify its organisation and better respond to client need, The Insurer can reveal.
Aon: Advanced analytics are shaping better decisions in Asia PacificAon’s Peter Cheesman on the role analytics are playing in helping shape insurer decision-making in the region.
ILS in APAC: A growth story in the makingAon Securities’ Jordan Brown and Yusuke Kikuchi provide an update on the developments taking place around ILS in Asia Pacific.
Marsh’s real estate head Jeff Alpaugh resigns to join Aon as president of North AmericaMarsh’s longtime global real estate and hospitality leader Jeff Alpaugh has resigned from his post after spending his entire 34-year career with the firm to join Aon as its president of North America, The Insurer can reveal.
Aon: D&O pricing drops 20% in Q3, marking sixth consecutive quarterly fallD&O prices fell by 19.7 percent in the third quarter for the sixth consecutive quarter of decreases, although the drop was lower than that in the second quarter of this year, according to a new report from Aon.
View from the topAndy Marcell, CEO of Risk Capital and CEO of Reinsurance Solutions at Aon, talks about why he is excited by the progress being made in Asia Pacific.
Wells Fargo analysts downgrade Aon shares to “underweight”Wells Fargo analysts have said they think Aon shares will underperform the rest of the insurance broker sector until the firm sees improvement in organic growth.
Aon shares close down 4% as investors digest restructuring newsAon’s restructuring plan to deliver $350mn of annual run-rate savings by the end of 2026 will largely focus on technology costs and “workforce rationalisation”, with management emphasising that the move is aimed at driving greater value and margin, as well as generating “sustained double-digit free cash flow growth”.
Aon beats EPS consensus as total revenue tops $3bnAon has reported organic growth of 6 percent for the third quarter of 2023 with adjusted earnings per share of $2.32 beating analyst consensus of $2.21.
How is technology enhancing insurers’ strategic approach?Sherif Zakhary and Morena Dell’Aglio from Aon’s Strategy and Technology Group highlight how emerging technologies are transforming the industry.
Aon’s Marcell: Stable 1.1 cat market expected amid increasing competitionAbsent any major cat events between now and 1 January, Aon’s newly appointed CEO of Risk Capital Andy Marcell expects a significantly more orderly renewal as he suggested increased competition among reinsurers to deploy capacity could put downwards pressure on pricing for some buyers.