Andy Marcell News

Aon’s Reinsurer Trading Portal, ABConnect, Receives Accreditation from Lloyd’s

Insurance and reinsurance broker Aon has received accreditation from Lloyd’s for its reinsurer trading portal, ABConnect Placements. Following the recent deployment of Aon’s binding function, the Lloyd’s Franchise Board provided “conditional recognition” of Aon’s ABConnect Placements platform so valid contracts …

Aon Enhances Reinsurer E-Trading Portal to Support Remote Working During Pandemic

Aon plc, the global re/insurance broker, has enhanced its reinsurer trading portal, ABConnect Placements, to electronically bind treaty placements with Lloyd’s of London and International Underwriting Association (IUA) insurers. The new bind feature enables Lloyd’s and the London company markets …

Natural Disasters in Past Decade Broke Records for Economic, Insured Losses: Aon

The past decade broke new records in terms of economic damages and insured losses, according to Aon’s latest catastrophe report. The costs to global economies reached US$2.98 trillion between 2010 and 2019, which was US$1.19 trillion higher than 2000-2009, said …

Insurance Covered $90B of Natural Disaster Losses in 2018, Leaving 60% Protection Gap

The economic costs of last year’s 394 natural catastrophe events came to US$225 billion with insurance covering US$90 billion of the overall total, creating the fourth costliest year on record of insured losses, according to an Aon report titled “Weather, …

Aon Appoints Marcell to New Position of President of Aon Benfield

Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, has appointed Andy Marcell to the new position of president of Aon Benfield. Marcell will begin the role with immediate effect and will report to Eric Andersen, chief executive …