Reinsurance prices will continue to fall this year as competition for customers from hedge funds and other sources of alternative capital send premiums to their lowest in four years, according to Swiss Re AG. “Price reductions have slowed down but …
Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, will launch on April 11 a global reinsurer trading platform called ABConnect Placements. Available for use with the July 1 renewals, ABConnect Placements will provide a more integrated, streamlined …
Lloyd’s of London reported a 30 percent drop of full-year profit as the world’s largest insurance market was hurt by continued pressure on pricing and the lowest investment returns since at least 2001. Earnings declined to 2.1 billion pounds ($3 …
Aon Risk Solutions, the global risk management business of Aon plc, announced that their proprietary Shortline Railroad Excess Liability Facility in London has been renewed through 2018. The Aon Shortline Railroad Excess Liability Facility, backed by the security of Lloyd’s …
The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Insurers forecast income could dive by 20 …
Aon plc has launched Lloyd’s Lead Excess Aon Facility (Lloyd’s LEAF), a program that increases placement options for Aon’s U.S. clients facing global casualty risks while delivering greater contract certainty and claims efficiencies via the Lloyd’s Claims scheme. Lloyd’s LEAF …
London-based Aon plc reported net income attributable to Aon shareholders in the fourth quarter of 2015 was $584 million, or $2.09 per share, a 27 percent increase from $459 million, or $1.56 per share, reported during for the prior year …
China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic economy slows and falling insurance rates prompt more firms to do deals, according to Willis Towers Watson Plc. “We’ve been …
Willis Group Holdings Plc, the insurance broker that’s planning a merger with consulting firm Towers Watson & Co., will join the Standard & Poor’s 500 Index and replace Fossil Group Inc. Willis climbed 4.8 percent to $49.30 at 9:45 a.m., …
Towers Watson & Co. shareholders should vote against an $8.9 billion merger with Willis Group Holdings Plc even after the insurance broker increased the offer amid a backlash from investors, proxy adviser Glass Lewis & Co. said in a report. …
