Aon-Benfield
BIS 2011: Regulation and balance sheet concerns blamed for below book trading
A combination of balance sheet concerns and the impact of Solvency II was identified as the main reason why insurers are trading below the book by delegates at the British Insurance Summit yesterday.
European insurers facing increasingly stricter regulatory frameworks
Regulatory, accounting and rating agency changes are occurring rapidly globally, albeit at a different pace by region.
Aon Benfield says reinsurers are ready
Aon Benfield says modest additional insured catastrophe events in 2011 will leave reinsurers with sufficient capital to meet the demands of insurers.
Ascot Underwriting snaps up Aon Benfield UK chairman
Ascot has today announced the appointment of former Aon Benfield UK chairman Charlie Cantlay as executive director.
Reinsurers' capital recovers after cat losses
Total global reinsurer capital for the world’s 28 leading reinsurers has reached $445 according to the latest market figures.
NRWB launches risk management product
The National Register of Warranted Builders has partnered with Celsius Pro, Swiss Re and Aon Benfield Securities to offer its members a new risk management product.
Aon Benfield issues weather warning
Aon Benfield’s catastrophe modelling centre, Impact Forecasting, says July saw an increase in global tropic cyclone activity ahead of the Atlantic hurricane season reaching its peak.
Swiss Re teams with Aon Benfield to implement Acord
Swiss Re and Aon Benfield have worked together to implement automated technical accounting, claim and cash transactions using Association for Cooperative Operations research and Development (Acord) messaging standards in the US and Canada.
Aon reports 3% organic growth in American and international broking arms
Aon today announced its revenue increased 48% to $2.8bn for the second quarter of 2011 compared to the prior year quarter, due to a 42% increase in commissions and fees resulting from acquisitions, primarily that of Hewitt.
Aon Benfield to talk on assessing natural disaster risks
Aon Benfield is holding a seminar on assessing the risks of natural disasters after reporting that catastrophic losses in the first quarter and Solvency II are driving the need for insurers to boost their understanding of non-modelled perils.
Interview - Rob Brown: The best job in the market
Despite being one to shun the limelight, Rob Brown, chief executive of Aon UK, has no qualms about answering his critics over the firm's carrier charge and contingent commissions, admitting he is pleased with progress to date. Daniel Dunkley reports.
2014 is better Solvency II start date, say 60% of Aon Benfield conference delegates
Aon Benfield has released new findings that show 60% of European insurers attending its recent International Analytics conference think 2014 would be a better starting date for Solvency II.
Ex-Guy Carp MD joins BMS board
Former Guy Carpenter managing director Philip Campbell has joined BMS as executive vice president of its US-based operations and a member of its US strategy board.
Post Europe: Storm surge modelling in Germany
The German coastline suffers from storm risks on a regular basis but a lack of accurate storm modelling has meant property policies have not included cover. Edward Murray reports on how this may be set to change.
Storm surge modelling in Germany
The German coastline suffers from storm risks on a regular basis but a lack of accurate storm modelling has meant property policies have not included cover. Edward Murray reports on how this may be set to change.
Solvency II drives in-depth cat models
Aon Benfield, is to highlight how recent natural hazards – coupled with Solvency II – have fuelled demand for more in-depth evaluation of catastrophe models.
Hastings' Utley, Go Compare's Parsons and Sabre's Morris all enter Rich List
Former IAG UK CEO and current Hastings chairman Neil Utley has entered the Sunday Times Rich List top 1000 today at 430= with a fortune of £160m.
Aon Benfield chairman joins JLT
JLT Reinsurance Brokers has appointed Alastair Speare-Cole as chief executive, subject to regulatory approval.
Aon Benfield: reinsurance capital hits all time high at year end 2010
The total global reinsurer capital reached an all-time high of $470bn (£288bn) at December 31, 2010 – a 17% increase over the 2009 period, according to Aon Benfield.
Aon Benfield enters partnership to boost typhoon research
Aon Benfield has entered into a strategic partnership with Shanghai Typhoon Institute of China Meteorological Administration to boost typhoon research in China and deliver relevant research to the insurance industry.
Aon Benfield launches storm surge risk model for Germany
Aon Benfield has launched a storm surge model for Germany – the first of its kind for the country - to help reinsurers quantify risk in this underdeveloped line of cover.
Aon Benfield launches earthquake model for Cyprus
Aon Benfield has launched an earthquake model for Cyprus, as insurers seek to increase their understanding of seismic risk in the region.
Aon Benfield reviews costly March catastrophes
Aon has issued its monthly cat recap report, reviewing the natural disaster perils in March.
Aon Benfield agrees Pitney Bowes data management deal
Reinsurance broker Aon Benfield has signed a deal with analytics firm Pitney Bowes Business Insight to use its Spectrum data management solution.