Latest Aon Headlines

All the headlines from our Aon Topic Page, ordered by recency.

Driverless Cars to Slash U.S. Auto Insurance Premiums

Sep 12 2016 // The rollout of autonomous vehicles over the next few decades could lead to a massive reduction in U.S. motor vehicle premiums in the coming years, Aon Benfield said in a new report.Expectations are that “industry...

Catastrophe Bond Issuance Down But Returns Up: Aon

Sep 9 2016 // Catastrophe-bond issuance slipped to its lowest level since 2011 over the past year as the securities outperformed the S&P 500 Index, according to insurance broker Aon Plc.About $5.2 billion in cat bonds was issued in...

As Economy Improves, More Employees Look Elsewhere

Aug 25 2016 // As the economy continues to improve, so do the chances of employees looking for new job opportunities in 2016. A new survey from global recruiter and retirement advisor Aon Hewitt finds 52 percent of employees are open to...

Willis Re Taps Aon’s McDowell to Lead Bermuda Unit; Harden as APAC President

Aug 23 2016 // Willis Re announced the appointment of Chris McDowell as CEO of Willis Re Bermuda. Effective Jan. 1, 2017, he will succeed Michael Harden, CEO of Willis Re Bermuda since 2014, who is returning to the Asia Pacific region as...

Aon Appoints Cai (Former Head of World Bank’s Investment Arm) to Board

Aug 11 2016 // Jin-Yong Cai, a TPG Capital partner and the former head of the World Bank’s investment arm, joined the board of insurance broker Aon Plc. He was appointed to the board’s finance and organization and...

Just 2% of China’s July Floods Covered by Insurance, vs. Nearly 70% in U.S.: Aon

Aug 5 2016 // China’s seasonal “Mei-Yu” rainfall in July led to the worst flooding since 1998, bringing total combined economic losses of an estimated US$33 billion, according to a report published by Impact...

Global Insured Losses Hit $30B in 1H 2016, 30% of Economic Losses: Aon Benfield

Jul 21 2016 // Preliminary global economic losses reached US$98 billion during the first half of 2016, while global insured losses hit US$30 billion – their highest levels since 2011, according to Impact Forecasting, Aon...

Aon Offers Cover for Ontario Uber Drivers, Using Online Quoting Tool

Jul 8 2016 // Aon Risk Solutions, the global risk management business of Aon plc, announced it is now offering personal ride-sharing insurance policies designed specifically for Ontario Uber drivers.As Uber’s insurance broker, Aon...

Global Flood Events Rack Up $5B in Economic Costs in June: Aon Report

Jul 8 2016 // Major floods across the globe during June – topped by events in China and the U.S. – are expected to bring economic costs in excess of US$5.0 billion, according to Impact Forecasting, Aon Benfield’s catastrophe...

Aon Benfield Names Foord-Kelcey as Co-Head of Cyber Practice Group

Jun 21 2016 // Aon plc has appointed Luke Foord-Kelcey to co-head Aon Benfield’s Global Cyber Practice Group, reinforcing the firm’s commitment to cyber risk management and transfer.Based in London, Foord-Kelcey will be...

‘Brexit’ Would Damage UK’s Leadership Position in Insurance: Aon

Jun 21 2016 // Aon Plc Chief Executive Officer Greg Case, who moved the insurance broker to London from Chicago four years ago, said the U.K.’s centuries-long leadership in the industry would be damaged if voters choose to leave...

Global Disasters During May to Cost Insurers at Least $7B: Aon Report

Jun 9 2016 // Global disasters led to at least $7 billion in claims during May as insurers aid the recovery process following wildfires, floods, and storms, according to Impact Forecasting, Aon Benfield’s catastrophe model...

Aon Benfield Chile Taps Soto Quintus as CEO, Molina as Treaty Head

Jun 7 2016 // Aon Benfield has appointed Martin Soto Quintus as chief executive officer of Aon Benfield Chile.Reporting to Alejandro Galizia, CEO of Aon Benfield Latin America, Soto Quintus is responsible for the development and...

Aon Benfield Enhances Poland Flood Model

May 25 2016 // Impact Forecasting, Aon Benfield’s catastrophe model development team, has launched a new version of its catastrophe model to enhance understanding of the financial impact of floods in Poland. Aon Benfield is the...

Aon Signs $1.3B Pension ‘De-Risking’ Deal with UK’s Pension Insurance Corp.

May 12 2016 // Pension Insurance Corp. agreed to insure 900 million pounds ($1.3 billion) of Aon Plc’s Retirement Plan in the U.K. as the world’s second-largest insurance broker seeks to reduce risk.The agreement with Aon...

Natural Disaster Losses Hit Five-Year High in April: Aon Catastrophe Report

May 5 2016 // The global economy suffered the worst April natural disaster losses for five years, according to Impact Forecasting, Aon Benfield’s catastrophe model development team.Earthquakes, convective storms and flooding...

Specialist Broker Capsicum Re Launches in Latin America; Operation Led by Smith

May 4 2016 // Capsicum Re, the London-based specialist reinsurance broker, announced it has launched Capsicum Re Latin America (CRLA).“This is a major step in Capsicum Re’s strategy to become a full service, international,...

Captives View Business Interruption as Top Cyber Threat: Aon Global Risk

May 2 2016 // The costs of business interruption due to a breach is the top cyber risk concern for businesses across all industries, according to a new survey of captives.Aon Global Risk Consulting, in its 2016 Captive Cyber Survey...

Aon Reports 4% Drop in Q1 2016 Net Income to $315 Million

Apr 29 2016 // London-based Aon plc reported net income attributable to Aon shareholders of $315 million, or $1.15 per share, during the first quarter ending March 31, which is down 4 percent from $328 million, or $1.14 per share, from...

Aon Launches Next Generation of ReMetrica for Risk & Capital Modeling

Apr 27 2016 // Aon Benfield, the global reinsurance intermediary and capital adviser of Aon plc, has launched ReMetrica Version 7.0 – its next generation platform for risk and capital modeling.Following Solvency II and equivalent...