Aon Benfield News

Arthur J. Gallagher Names Chilton as CEO of UK-Based Brokerage

Arthur J. Gallagher & Co. announced that Grahame “Chily” Chilton has been named CEO of the company’s UK-based international brokerage division, subject to regulatory approval. Chilton will be responsible for leading Gallagher’s international brokerage operations and will also become a …

Aon Benfield/Impact Forecasting Jan. Cat Report Highlights Winter Storms

The latest edition of Impact Forecasting, Aon Benfield’s catastrophe model development team’s, Global Catastrophe Recap report, evaluates the impact of the natural disaster events that occurred worldwide during January 2015. The report notes that several regions of Western Europe were …

Reinsurance Execs See Market Adjusting to New Realities

Aon Benfield’s Reinsurance Market Analysis describes the participants as having “reached the end of a 15 year journey, featuring chronological stages of alternative capital’s significance, completion and finally disruption.” From the interviews with two  reinsurance industry executives that seems to …

Catastrophe Bond Issuance Reaches Record Levels: Aon Benfield Report

Property catastrophe bond issuance for the fourth quarter 2014 stood at USD$2.1 billion across six separate transactions, contributing to a record annual property catastrophe bond issuance of USD$8.0 billion, according to a report published by Aon Benfield Securities, the investment …

Lowest Insured Losses since 2009: Impact Forecasting Climate and Cat Report

Impact Forecasting, Aon Benfield’s catastrophe model development team, has released its Annual Global Climate and Catastrophe Report, which evaluates the impact of the natural disaster events that occurred worldwide during 2014. The report concludes that 258 separate global natural disasters …

Successful Brokers Put Clients Front and Center: Aon’s Dominic Christian

The brokerage industry has changed “utterly and fundamentally” over the past 30 years from a risk transfer function to much more of an advisory role, according to Dominic Christian, executive chairman, Aon Benfield, London. Christian spoke at an event this …

Aon Benfield Places UK’s ‘Smart Meter Drive’ Coverage with AIG

Aon Benfield announced that it has successfully completed an “insurance placement as part of a UK government energy initiative to install smart meter systems nationwide by 2020 with AIG. The placement was made on “behalf of global smart meter solution …

Impact Forecasting: Costs of Tropical Cyclones Up for Non-U.S. Exposures

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during October 2014. During the month, Cyclone Hudhud …

Aon Benfield Buys Safe Brokers to Enhance Presence in Greece, Cyprus

Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, has acquired Safe Brokers to strengthen its investment in the Greek and Cypriot markets. Safe Brokers is an independent reinsurance broker with facultative and treaty premium of approximately EUR15 …

Hedge Funds Move Into Catastrophe Reinsurance

Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but skeptics are questioning whether they will stick around ahead of the next “big one” as underwriting returns fall. Hedge funds …