Cyclone Alfred losses to be hundreds of millions or higher, says Aon. Claims surpass 53k – Go Health Pro

Cyclone Alfred losses to be hundreds of millions or higher, says Aon. Claims surpass 53k – Go Health Pro

Tropical Cyclone Alfred, the seventh named storm in the Australian cyclone season, is expected to drive economic and insured losses in the hundreds of millions of Australian dollars at least, according to insurance and reinsurance broker Aon.Cyclone Alfred made landfall near Brisbane on March 7th, but after a slow approach to land it had caused … Read more

Aon, Swiss Re & Floodbase unveil parametric storm surge solution for US hurricane protection – Go Health Pro

Aon, Swiss Re & Floodbase unveil parametric storm surge solution for US hurricane protection – Go Health Pro

Re/insurance broking giant Aon has announced the launch of a new parametric insurance solution that is designed to address and mitigate losses from hurricane-related storm surge along the coast of the United States, developed in partnership with Floodbase, a specialist in parametric flood risk, and global commercial insurer, Swiss Re Corporate Solutions.A key aspect of … Read more

ILS continues to be a ‘boutique business’ within reinsurance for Aon: Andersen – Go Health Pro

ILS continues to be a ‘boutique business’ within reinsurance for Aon: Andersen – Go Health Pro

According to Eric Andersen, President of broking giant, Aon, the insurance-linked securities (ILS) market continues to be a very “boutique business within reinsurance” for the firm, in terms of the scale of the traditional reinsurance treaties seen across the industry on property cat, liability and specialty.Andersen noted that ILS is a growth area though and … Read more

Aon, Guy Carpenter, WTW Each Complete Previously Announced M&As – Go Health Pro

Aon, Guy Carpenter, WTW Each Complete Previously Announced M&As – Go Health Pro

Insurance brokers Aon plc, Guy Carpenter and WTW announced they each have completed previously announced mergers and acquisitions. Aon’s acquisition of Griffiths & Armour, which was first announced in November 2024, officially completed on Jan. 1, 2025. Aon said the deal supports its strategy to expand its regional presence in the UK and Ireland. Griffiths … Read more

Easing of retro market conditions bolstered 1/1 reinsurance renewal capacity: Aon – Go Health Pro

Easing of retro market conditions bolstered 1/1 reinsurance renewal capacity: Aon – Go Health Pro

An easing of conditions in the retrocession market has helped to bolster capacity in advance of the January 1st 2025 reinsurance renewals, resulting in a situation where capital was more than adequate to meet growing client demand, broker Aon has said today.Overall, reinsurance capital providers showed greater flexibility to buyers after a second year in … Read more

x