News

Insurance

Insurers ready for European cyber boom

New regulations set to be introduced in Europe will boost demand for cyber insurance, and insurers which have already been operating in this space on the other side of the Atlantic look best placed to truly capitalise. Intelligent Insurer reports.   8 July 2016

Insurance

Cost of global floods in June to exceed $5bn: Aon

The economic cost of floods globally will reach some $5 billion but insurance losses are expected to be low, according to Impact Forecasting, Aon Benfield’s catastrophe model development team, which has released its monthly global catastrophe recap report, which evaluates the impact of the natural disaster events that occurred worldwide during June 2016.   7 July 2016

Insurance

Re/insurance policies help Freddie Mac reach $5bn milestone

Aon Risk Solutions and Aon Benfield have assisted Freddie Mac, the US mortgage guarantor, in reaching a $5 billion issuance milestone in credit risk transfer.   1 July 2016

Insurance

Kumamoto insured losses to surpass $4bn

The total pay out for insured losses following the Kumamoto earthquake has now reached JPY317 billion ($3 billion), according to data from the General Insurance Association of Japan.   24 June 2016

Insurance

Neon lures Aon marine exec

Specialist Lloyd’s insurer Neon, formerly Marketform, has appointed Mireille Dolonen as marine and offshore construction underwriter.   23 June 2016

Alternative Risk Transfer

Mid-year waypoint sees ILS market well placed

The insurance-linked securities market is entering the second half of the year in good condition as the industry grows more comfortable with it, as Paul Schultz, CEO of Aon Securities, told Intelligent ILS.   23 June 2016

Insurance

Aon names non-exec director

Aon UK, the UK risk management and re/insurance business of Aon, has appointed John Nicholson as non-executive director.   23 June 2016

Insurance

Insurance leaders urge UK to remain

The Association of British Insurers has put together a letter with a list of leaders in the insurance industry who are urging the UK to stay remain a member of the EU.   21 June 2016

News

Aon Benfield boosts cyber capabilities

Reinsurance broker Aon Benfield has strengthened its cyber expertise with the appointment of Luke Foord-Kelcey as co-head of its cyber practice group.   21 June 2016

Insurance

Probitas unveils financial lines head

Probitas 1492, an underwriting syndicate at Lloyd’s, has appointed Charles Boorman to lead its financial lines team.   20 June 2016

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