Aon News

This Year’s 10 Worst Climate Disasters Cost $170 Billion: Study

Ten of this year’s most destructive weather events cost a combined $170 billion in damages, according to a new study. Hurricane Ida, a tropical storm that pummeled much of the eastern U.S. with lashing rain in August, killed at least …

People Moves: Aon Recruits WTW’s James as Chief Broking Officer, Commercial Risk UK; Allianz’ Strong to WTW as Head of Environmental; AGCS Promotes Yee for TMT

This edition of International People Moves details appointments at Aon, Willis Towers Watson and Allianz Global Corporate & Specialty (AGCS). A summary of these new hires follows here. Aon Recruits James from WTW as Chief Broking Officer, Commercial Risk UK …

People Moves: AGCS Promotes Williams to CUO Corporate, Succeeding Buckle; Aon Names Irl to U.S. Reinsurance Treaty Team; AXIS’ Gorman to Arrow Risk Mgmt

This edition of International People Moves details appointments at Allianz Global Corporate & Specialty, Aon’s Reinsurance Solutions team and Arrow Risk Management. A summary of these new hires follows here. AGCS Promotes Williams to CUO Corporate, Succeeding Buckle Allianz Global …

People Moves: Aon Makes Slyfield in California Chief Innovation Officer; Alliant Names O’Malley First Vice President

Aon plc named Jillian Slyfield as the firm’s chief innovation officer. Slyfield, who is based in San Francisco, California, will report to Aon CEO Greg Case and join the Aon executive committee. Slyfield assumes the responsibilities of Tony Goland, who …

Guyana Weighs Raising Requirements for Insurance Cover for Oil Spills: Official

Guyana is getting ready to raise requirements on oil operators to protect the nation against spills and future removal costs of production platforms, the head of its environmental agency told Reuters. Guyana currently requires financial assurance, a type of insurance, …

Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount

LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts. Faced with increased demand, major European and U.S. …

LPGA’s Hannah Green Wins Aon Risk Challenge Prize of $1 Million

Hannah Green of the LPGA Tour has won the 2021 Aon Risk Reward Challenge, a season-long competition that recognizes players who use information and insight to make better decisions on the golf course. Green joins the PGA Tour’s Matthew Wolff …

Aon Founder Ryan Retired at 71, Then He Built a New $10B Business

By the time he stepped down from Aon Plc at age 71, Patrick Ryan had earned a retirement fit for a king. He’d founded the world’s second-largest insurance brokerage nearly from scratch and run it for 41 years as chief …

Aon and Cybereason Form Alliance to Help Protect Clients From Cyber Attacks

Insurance broker Aon and cyber security specialist Cybereason announced an alliance to help protect clients from sophisticated cyber attacks. Cybereason’s Cyber Defence Platform, together with Aon’s Cyber Solutions, will enable clients to better prevent, detect and respond to cyber threats …

Activist Investor Starboard Takes New Stake in Willis, Saying Broker Undervalued

Activist investor Starboard Value disclosed a new position in Willis Towers Watson Plc Thursday, and said it believes the insurance broker could nearly double its share price in the next three years. Jeff Smith, Starboard’s chief executive officer, said Willis …