Aon Benfield News

RMS Examines Massive Blizzard That Swept Through East Coast

The massive blizzard that swept through the East Coast over the weekend may result in hundreds of millions of dollars in insured losses. The blizzard, unofficially named “Winter Storm Jonas” by the Weather Channel, brought a combination of freezing rain, …

Insurance Department Tally on California Wildfires $1B

Damage from two destructive Northern California wildfires that killed six and sent thousands fleeing their homes topped $1 billion in insured losses, according to a preliminary estimate by the state’s insurance department. The two fires started days apart in September, …

Report: East Coast Blizzard to Cause Multi-Billion Dollar Economic Losses

Massive blizzards that paralyzed much of the U.S. East Coast in the past few days are likely to cause “multi-billion” dollar economic losses in one of the worst storms in the region in over a century, reinsurance broker Aon Benfield …

Insured Nat Cat Losses 31% Below Average During 2015: Aon Benfield Report

Global natural disasters in 2015 caused a combined total insured loss of $35 billion – 31 percent below the 15-year average of $51 billion and the lowest annual insured loss total since 2009, said a report issued by Impact Forecasting, …

Dallas-Area Tornadoes Account for a Big Chunk of December Insured Losses in U.S.

A recently released report shows that damage estimates from the natural disaster events that occurred in the United States in December 2015 will amount to more than $4 billion. Aon Benfield’s catastrophe model development team, Impact Forecasting, Global Catastrophe Recap report, …

India Floods Top Aon Benfield/Impact Forecasting’s November Cat Recap

Impact Forecasting, Aon Benfield’s catastrophe model development team, has issued the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of natural disaster events that occurred worldwide during November 2015. The report leads off with an …

Aon Benfield Names Nevard Chief Commercial Officer, Global ReSpecialty Unit

Aon Benfield has appointed Russell Nevard as chief commercial officer of its Global ReSpecialty reinsurance division.  He will join the business in April 2016. Based in London, Nevard will report to Robert Bisset, chief executive officer of Aon Benfield’s Global …

Global Cat Losses in October Likely to Top $10 Billion: Impact Forecasting Report

Global catastrophe losses in October are expected to top $10 billion, according to a report from Impact Forecasting, Aon Benfield’s catastrophe model development unit. A record 22 global tropical cyclones have now developed in the Northern Hemisphere during 2015, said the …

Wildfires, and Now El Niño May Boost Californian’s Appetites for Surplus Lines

There’s little question that the drought and the recent wildfire season that it unleashed pushed more California homeowners into the surplus lines market. Now with the onset of what appears to be a strong El Niño this week in the …

Aon Benfield to Launch New Malaysia Cat, Jakarta Flood Models

Impact Forecasting, Aon Benfield’s catastrophe model development team, is launching new models for Malaysia and Jakarta flood to help insurers and reinsurers better underwrite and manage their exposures in Asia. The new models are being launched at the Singapore International …