California Wildfires Had Little Impact on Reinsurers’ Risk Appetite During April Renewals April 9, 2025 By L.S. Howard Property-catastrophe capacity remained adequate to meet demand during the April 1 renewals for US reinsurance buyers, despite the record losses...
Buyer-Friendly April Reinsurance Renewal Bodes Well for Mid-Year Renewals: Brokers April 4, 2025 By L.S. Howard The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts – in...
Catastrophe Experts Tap AI to Tackle Soaring Insured Losses March 26, 2025 By Gautam Naik Insurers are betting on a suite of new AI-driven techniques to better predict surging losses from climate-driven weather catastrophes ranging...
‘Bleak’ Data: Insurance Carriers’ Entry Level Hiring Expectations Hit Low Point March 19, 2025 By Susanne Sclafane Insurance carriers expecting to add staff in 2025 are largely looking for experienced professionals rather than filling entry level roles,...
Aon’s President Andersen Steps Down; CEO Case Assumes Additional Role of President March 17, 2025 By L.S. Howard Insurance broker Aon plc announced that Eric Andersen has transitioned from his role as president to serve as a senior...
Diversification, Risk Modeling Top of Mind for Carriers as Cyber Market Softens March 17, 2025 By Elizabeth Blosfield As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth...
Aon’s NFP Acquires Lyons Insurance in Delaware March 5, 2025 Property/casualty middle-market insurance broker NFP, an Aon company, recently announced its acquisition of Lyons Insurance Agency, Inc., a multiline insurance...
Aon Reports Organic Growth of 6% for 4th Quarter and Full-Year 2024 January 31, 2025 By L.S. Howard Aon reported net income attributable to shareholders of $716 million during the fourth quarter, a 44% increase from the $498...
Lloyd’s CEO Neal Appointed Aon CEO of Reinsurance, Chairman of Climate Solutions January 8, 2025 By L.S. Howard Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions,...
Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers January 7, 2025 By L.S. Howard Reinsurance buyers generally found ample capacity during the January renewals as well as increased reinsurer appetite, which led to risk-adjusted...