Aon News

People Moves: Aon Adds 3 to M&A; Shing Heads AXA XL International Casualty; UIB Marine Welcomes Waller

Aon Adds 3 to M&A and Transaction Practice in the UK Global broker Aon has strengthened its Mergers & Acquisitions and Transaction Solutions team in the UK with the appointments of Sam Bridges, Tanya Hickson, and Guy Ruddy. Bridges joins …

Midyear Prop-Cat Reinsurance Capacity Down For First Time in Decades: Aon

For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a recently released report. While the reinsurance market remained stable on the casualty side, property …

Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon

For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance renewal period, Aon said in a new report released yesterday. While the reinsurance market remained stable on the casualty side, …

People Moves: Miller Names Markel’s Duda for ILS in Bermuda; Howden LatAm Hires Hernandez as Regional General Counsel; Aon Appoints Parsons for UK Capital Advisory

This edition of International People Moves details appointments at three insurance brokers: Miller, Howden and Aon. A summary of these new hires follows here. Miller Names Markel’s Duda as Head of ILS in Bermuda Miller, the London-based independent specialist re/insurance …

Legal Technology Firm TCDI Agrees to Acquire Aon’s eDiscovery Practice

TCDI, theGreensboro, N.C.-based provider of legal services, software and cyber security, announced it has signed a definitive agreement to acquire insurance broker Aon’s eDiscovery practice. The acquisition will strengthen TCDI’s existing eDiscovery offerings, adding expansive advisory services such as information …

People Moves: AGCS Promotes Todorovic for Political Violence Unit; Aon Hires Knight From Navigators & General for Global Yacht Practice

AGCS Promotes Todorovic for Political Violence Unit Allianz Global Corporate & Specialty (AGCS) has promoted Srdjan Todorovic as head of Global Political Violence & Hostile Environment Solutions, based in London. This unit is part of AGCS’s Property line of business …

Insurance Technology: Aon and Paypal, Applied Systems, and iink Address Digital Payments

Aon and Paypal Expand Access to Insurance for Small Businesses Insurance broker Aon and digital payment service PayPal Holdings announced a program to help PayPal’s small business customers in the U.S. access insurance simply and quickly. The digital insurance program …

Takeaways from Our Conversation on Cannabis D&O

Directors and officers insurance is pricey and difficult to obtain in most business sectors, but by some accounts cannabis businesses may pay up to 50% more in premiums for D&O – if they can get it. A Fitch report out …

Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon

Preliminary economic losses from natural hazards billion during the first quarter of 2022 totaled $32, of which less than 50% (or $14 billion), was covered by public and private insurers, according to a report published by Aon. Although the first …

Aon President Andersen Honored with 2022 IICF Golden Horizon Award

The Insurance Industry Charitable Foundation honored Eric J. Andersen, president of Aon, with IICF’s Golden Horizon Award. The annual award recognizes an individual within the insurance community who has demonstrated philanthropic excellence and leadership. IICF also granted nearly $410,000 at …