Insured Losses From Severe Convective Storms in US Top $50B for 1st Time: Aon October 20, 2023 By L.S. Howard Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50...
Aon Plc Acquires India’s Global Insurance Brokers October 6, 2023 Global Insurance Brokers, a major provider of risk management, insurance, and reinsurance broking services in the Indian subcontinent, announced its...
Don’t Expect the Same Raise You Got Last Year: Surveys October 2, 2023 By Matthew Boyle Companies are trimming their budgets for merit raises next year, a sign of belt-tightening that could surprise some employees who...
Markets/Coverages: Aon Offers Financial Institutions Solution With Capacity of $100M September 27, 2023 Insurance broker Aon plc announced the launch of a flagship new insurance solution, FI Protect 360, created in collaboration with...
People Moves: Arch Insurance (Bermuda) Promotes Smith to MD After Hay Retires; Aon Taps Nichols From Aeolus as Global Reinsurance Clients Leader in Bermuda September 26, 2023 This edition of International People Moves details appointments at Arch Insurance and Aon. A summary of these new hires follows...
People Moves: Aon Taps Carpenter’s Fraccalvieri to Lead EMEA Facultative, Reinsurance Solutions; Miller Launches APAC Treaty Team September 22, 2023 This edition of International People Moves details appointments at Aon and Miller. A summary of these new hires follows here....
‘Hard But More Manageable’ Jan. 1 Renewals; Little Relief on Retentions September 22, 2023 By Susanne Sclafane The hard reinsurance market in property-catastrophe reinsurance isn’t coming to an end at Jan. 1, 2024, but reinsurers are likely...
Loss Trends for Severe Convective Storms September 7, 2023 By L.S. Howard Loss trends for severe convective storms (SCS) have increased over the past 15 years and even more during the past...
The Care and Feeding of Property-Catastrophe Models September 7, 2023 By L.S. Howard Executive summary: The key to getting useful model results is working with models that fit specific underwriting needs and making...
Global Natural Disasters Cost Insurers $43B in H1, Surpassing 10-Yr Average: Munich Re July 28, 2023 By L.S. Howard Natural disasters during the first half of 2023 cost insurers an estimated US$43 billion with an overall economic price tag...