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 …
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 …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, is expanding its reinsurance and analytical capabilities in the state of Florida. Beginning January 2016, Aon Benfield will increase the number of reinsurance broking and analytics colleagues based …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc announced the appointment of Sergio Rivera Jiménez as CEO of Aon Benfield Colombia, effective immediately. He reports to Alejandro Galizia, CEO of Aon Benfield Latin America. Rivera has …
An insurance company says two massive wildfires that burned up parts of Northern California did nearly $2 billion in damage, among the costliest blazes the Golden State has ever seen. The Sacramento Bee reports that a report by insurance company …
Aon Benfield has issued a thorough “latest update” report on Lloyd’s, detailing its syndicates, assets and other pertinent facts. Mike Van Slooten, international head of Market Analysis at Aon Benfield Analytics, who authored the report said: “Lloyd’s continues to produce …
Chinese insurers are pursuing strategic tie-ups and outright mergers and acquisitions to tap Western expertise. They are keen for knowledge on products, pricing and technology as a nascent Chinese market for health and property insurance takes off, industry executives say. …
A report forecasts claims from two California wildfires last month will exceed $1 billion. Wildfires in 2015 have caused more damage and financial loss in the U.S. than in any other year since 2007, according to the report. Peak U.S. …
Aon Benfield is examining how insurers and reinsurers can identify and capitalize on new growth opportunities amid challenging market dynamics at its 14th Biennial Hazards Conference in Australia. Aon noted that it’s “one of the largest gatherings of hazard risk …
Aon Benfield has identified seven emerging risks that present re/insurers with business opportunities over the next five to 10 years, which the announcement listed as “US mortgage credit, the sharing economy, reputation and brand, micro insurance, corporate liability covers, terrorism …
