Aon Benfield News
Aon Names Two Co-Presidents, Retires Remaining Sub-Brands
Aon plc named two of its veteran executives to become co-presidents, and the global broker/consulting firm also retired its remaining business unit brands in a bid to promote more product innovation ...
Thunderstorms Slammed the U.S. in April, While Africa Floods Claimed 78 Lives
Five separate weather systems caused severe thunderstorms across the United States in April, the strongest of which affected the Plains, Midwest, Southeast, Mid-Atlantic and the Northeast, with ...
Plenty of Reinsurance Capacity Remains for Mid-Year Renewals: Aon Benfield
Global reinsurer capital continued to rise in 2017, despite the $136 billion in insured losses from natural catastrophes last year, according to a reinsurance market report published by Aon Benfield. ...
March U.S. Storms Produced $3B in Economic Losses, Plenty of Business Interruption Problems
The U.S. dealt with $3 billion in economic losses during March, thanks to a number of winter storms that caused multistate damage, travel delays and business interruption problems, according to Aon ...
Cold Weather, Winter Storms Created Feb/March Damage and Turmoil: Aon Benfield
Severe cold weather and a winter storm that affected large parts of Europe during the second half of February and early March caused business interruption and other damages surpassing hundreds of ...
Ransomware Attacks, Cloud Outages Among Top Concerns for Cyber Insurers: Aon Benfield
The rate of cyber extortion incidents continued to increase during the fourth quarter of 2017. In fact, despite a significant lag in reporting time, the total number of cyber extortion events ...
Executives On The Move at Chubb, AIR Worldwide and Aon Benfield
Chubb brought on an AIG veteran as its new chief claims officer. AIR Worldwide has a new senior vice president of Global Resilience. Aon Benfield's UK arm named a new chief operating officer.
Expect More (Near) Record Cat Bond Momentum in 2018: Aon Securities
Aon Securities believes that the record catastrophe bond issuance reached in 2017 is not necessarily a one-time deal. The firm said it predicts issuance will follow a similar momentum in 2018. ...
Natural Catastrophe Economic Losses Hit a Record $353B in 2017: Aon Benfield
Insured losses for last year's 330 natural catastrophes reached $134 billion, or 38 percent of their economic price tag of $353 billion, according to a report published by Impact Forecasting, Aon ...