Aon News
Severe Convective Storms Become Costliest Insured Peril of 21st Century: Aon
Severe convective storms (SCS) have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon plc. Total economic losses reached $260 billion — 23% ...
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft
A new broker is now suing Howden US and a pair of former employees for allegations of poaching and theft of trade secrets. Last week Aon Risk Services Cos. filed suit in U.S. District Court for the ...
OpenAI, Anthropic Eyes Investor Funds, Aon Policy to Settle AI Lawsuits
OpenAI and Anthropic are exploring the use of investor funds to settle potential multibillion-dollar lawsuits, the Financial Times reported on Wednesday. Copyright owners have launched a series of ...
Advantage: Reinsurance Buyers; 10% Prop-Cat Re Price Drops Possible
While the U.S. Open Tennis tournament was entering its final days in North America, reinsurance brokers preparing their trips to Monte Carlo predicted a common outcome in the 1/1/2026 match between ...
Volatile Casualty Cat Market Offers $5B Opportunity for Reinsurers: Report
Emerging risks and mass litigation are just a few of the factors driving rapid transformation in the casualty catastrophe market, according to a joint report by Moody's insurance solutions and Aon. ...
$100B-Plus and Growing: Aon Reports on MGA Market
Aon published a report on the MGA market this week, estimating $109.2 billion in direct premiums written by MGAs in 2024, identifying State National as the biggest MGA-dedicated carrier and ...
Aon Accused of Contributing to Collapse of Startup Vesttoo
Insurance broker Aon Plc was accused in a civil lawsuit of helping cause the collapse of Vesttoo Ltd., an Israeli insurance startup once valued at $1 billion that went bankrupt after disclosing ...
Mission, Purpose Not High on Wish Lists of Industry Newbies: Informal Talent Poll
A poll of workers recently hired into the property/casualty insurance industry conducted during a Travelers Institute webinar last month produced some unusual results, surprising one webinar panelist ...