Space rockets and satellites are likely to cost more to insure after the European Vega rocket crash this month, which hit insurers with a record space market loss of 369 million euros ($411.21 million), insurance industry sources say. The Vega …
Aon has appointed Vincent Barrett as regional managing director EMEA for its Captive & Insurance Management business. In his new role, he will serve as account chair on numerous complex global client accounts and lead the captive business development team …
The U.S. dealt with close to 4,400 reports of tornadoes, hail and straight-line winds in May, the most since 2011, according to weather data cited by Aon’s monthly Global Catastrophe Recap report. According to the report, the weather situation involved …
Global insurance broker Aon is partnering with digital insurance platform CoverWallet to serve clients in Australia. The parties also said they are in the process of expanding this partnership to additional geographies, including the United States. The Aon platform run …
The top three risks facing UK risk managers are reputational damage, Brexit and cyber attacks, according to Aon’s 2019 Global Risk Management Survey of thousands of risk managers across 60 countries and 33 industries. In comparison, survey respondents globally ranked …
Aon plc announced organizational changes within its Global Reinsurance Clients team, which supports 25 of the largest global insurers. Part of Aon’s Reinsurance Solutions business, the team was launched in 2014 to ensure that the firm consistently delivers the full …
Economic and global trade concerns are challenging organizations’ ability to invest adequately in preparing for and protecting the continuity of their operations, according to findings from Aon’s 2019 Global Risk Management Survey, which aims to identify the challenges organizations face …
Aon plc announced it has combined its Construction & Engineering and Inland Marine teams into a single, dedicated global unit within its Reinsurance Solutions business. The new Global Construction & Inland Marine practice aligns with the approach of many reinsurance …
Europe faces an increasingly complex security environment, as Islamist and far-right terrorism creates new vulnerabilities for businesses and communities, according to new research from the broker Aon. In 2019, the risk picture is further complicated by a resurgence of populist …
Damage from flooding in March 2019 is estimated at US$8 billion from events across the globe, according to Aon’s “Global Catastrophe Recap – March 2019.” “The major catastrophe events of March highlighted the continued vulnerabilities which exist in both developed …
