Aon News

Aon Forms New Ventures Group, Led by Chief Innovation Officer Goland

Aon plc announced it has formed a new unit called New Ventures Group, which is designed to increase Aon’s investment in innovative new businesses. The global unit will identify, incubate and deliver new sources of value for clients, explained an …

Aon and Fixico Offer Digital Car Repair Solution for Fleet Clients in Belgium

Aon is partnering with Fixico to offer a fully-digital solution to handle car repairs for Aon’s fleet clients in Belgium. Fixico offers a digital platform for car repair handling, which is directly connected to a wide network of selected high-quality …

Airport Operators Take Action Against Rising Seas, Powerful Storms as Climate Changes

Global airport operators, faced with rising sea levels and more powerful storms as the climate changes, are starting to invest in measures including higher runways, seawalls and better drainage systems to future-proof immovable assets. In early September, a seawall at …

Aon Policy Provides Financial Support to Terrorist Victims

Aon has collaborated with Pembroke Managing Agency at Lloyd’s to develop Public Protection Policy (PPP), which helps businesses provide financial support to individuals affected by a terrorist attack on a company’s premises or owned space. As the focus of terrorist …

Aon Creates $350M of Cyber Capacity, Launches New Solution for Silent Cyber

Aon plc is continuing its investment in cyber by creating US$350 million of new reinsurance capacity and launching its silent cyber* solution. Aon’s silent cyber solution is designed to partner with carriers in their journey to identify, quantify and mitigate …

Aon Promotes Mulligan to Head of Cyber, Foord-Kelcey to Head of Cyber Innovation

Aon plc has promoted Catherine Mulligan and Luke Foord-Kelcey within its Reinsurance Solutions business to strengthen its suite of cyber products for insurers. As global head of Cyber for Aon’s Reinsurance Solutions business, Mulligan will be responsible for setting strategy, …

Interest in Crypto Insurance Grows, Despite High Premiums, Broad Exclusions

In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won’t find many ads promoting it or details on company websites offering it. But according to industry insiders, there’s a hot new business that …

Aon Names Matson to Lead New Global Portfolio Broking Team

Andrew Matson has been named leader of Aon’s newly formed Global Portfolio Broking team – a Reinsurance Solutions unit. Aon said the unit “will build on the success of established pioneering facilities, while developing new facilities in line with client …

TMK Launches $100M Intellectual Property Facility with Aon, Lloyd’s Syndicates

Tokio Marine Kiln (TMK) has established a US$100 million intellectual property (IP) facility with global insurance broker Aon and several other Lloyd’s syndicates. The facility will be led by TMK and is one of the first for IP in the …

GDPR Insurance: Coverage for Fines Hard to Find But Other Non-Compliance Costs Insurable

The civil fines for non-compliance with the European’s new data privacy law can be steep but organizations across Europe should not expect to have their insurance cover them. Unless the business or organization is in Norway or Finland. A “price …