Aon Benfield News

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 …

Aon Benfield May Cat Report Highlights ‘Severe Weather’ in the U.S.

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during May 2014. The report reveals that …

Aon Benfield Appoints Pardo as Peru CEO

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced the appointment of Luis José Pardo, a leader with 25 years of experience in the insurance and reinsurance markets, as CEO of its business in Peru. He …

QBE Agreement Provides Additional Capacity to Shariah Compliant Cobalt

Business insurance specialist, QBE announced from London that it has “become the second major re/insurer to provide capacity to the world’s first Shariah-compliant MGA, Cobalt Underwriting. “The agreement will allow Cobalt Underwriting to now offer clients $50 million of casualty …

Aon Benfield Appoints Galizia as CEO of Latin America

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced the appointment of Alejandro J. Galizia as Chief Executive Officer of Aon Benfield Latin America. His responsibilities will include “driving business growth, managing client teams, and creating …

February Stoms Caused $1 Billion Insured Losses: Aon Benfield’s Cat Report

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released its latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during February 2014. The month’s wild weather …