Aon Benfield News

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 …

Aon Benfield Launches Arabian Earthquake Model

Impact Forecasting, Aon Benfield’s catastrophe model development unit, launched a catastrophe model to estimate the financial impact of earthquakes in the Arabian Peninsula. The demand for catastrophe modeling in the countries of Gulf Cooperation Council (GCC) is increasing as a …

Aon Benfield Launches Private Charter Aviation Product

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced the launch of a new insurance product, developed by Aon Benfield’s ReSolutions team that “is set to drive growth in the private charter aviation sector.” The coverage …

Aon Benfield Secures Reinsurance Capacity for AEGIS Cyber Offering

Aon Benfield announced that it has secured “the reinsurance capacity for a unique cyber product developed by the Lloyd’s syndicate of mutual energy insurer AEGIS London. “The product offers a comprehensive cyber risk management service, and allows AEGIS’ policyholders to …

Aon Benfield June Global, U.S. Cat Report: Thunderstorms, Hail, Floods

The Global Catastrophe Recap report for June from Aon Benfield’s Impact Forecasting highlights the outbreak of severe thunderstorms that affected Western and Central Europe during the first half of the month, causing significant hail damage in parts of Germany, France …

Ozay to Take Over from Gurkan as CEO of Aon Benfield Turkey

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that Servet Gurkan, Chairman and CEO of Aon Benfield Turkey, plans to retire and will leave the firm on July 1st. Ferhan Ozay will take over as …