Aon
European flood payout tops £3.3bn
Insured losses from flooding across Central Europe are estimated at €4bn (£3.3bn), with most of the claims coming in Germany.
Marsh’s Hodgins elected to DIMA board
Dublin International Insurance & Management Association, the representative body for the international reinsurance industry in Ireland, has elected five directors to its board.
Market looks to politicians to overcome Dutch flood stalemate
The Dutch Minister of Infrastructure and Environment plans to intervene in the flood debate raging in the Netherlands in a bid to overcome the current stalemate.
Airmic 2013: Investment returns to blame for claims payments
Reduced investment returns and a lack of client knowledge is causing insurers to repudiate claims, Willis deputy chief executive Steve Hearn has claimed.
May US storms to cost insurers $4bn: Aon Benfield
Storms which ravaged the US through May are likely to cost the insurance sector as much as $4bn according to Aon Benfield’s cat model centre.
Aon France director joins Miller
Aon France has lost its head of political risks, Arnaud Froideval, to Miller where he has joined the marine team.
Forecasters predict high hurricane levels as Oklahoma reels from tornado
‘70% chance’ of above-average hurricane activity between July and November
RSA acquires Aon’s Irish PL business
RSA has struck a deal to purchase AonInsure.ie, a personal lines price comparison site operated in Ireland by broking giant Aon.
RSA acquires Aon's Irish personal lines business
RSA Insurance Ireland has acquired Aon's Irish personal lines business.
Aon Benfield launches cat model to quantify uncertainties
Reinsurance broker Aon Benfield has unveiled updated catastrophe tools to allow clients to better understand their exposures in spite of less complete information.
Space Tourism: Ready for liftoff?
With Virgin Galactic edging closer to launching tourists through the stratosphere for the first time, what part will the insurance industry play in this uncharted territory?
Norgrove elected president of Insurance Institute of Ireland
Zurich Insurance chief executive Ken Norgrove is to take the reins at the Insurance Institute of Ireland.
Lancashire CEO Brindle admits Aon/Berkshire deal concerns as it unveils $77.9m Q1 profit
Lancashire Holdings this morning reported a jump in pre-tax profit and post tax profit for the first quarter of 2013 to $78.9m (Q1 2012: $46.5m) and $ 77.9m (Q1 $45.6m) respectively.
Regulatory uncertainty raises domicile questions
Splitting tax domiciles and regulators could be an enticing prospect for insurance groups looking to avoid the European Union’s Solvency II regulations.
View from the Top: Understanding risk is crucial
The volatile economy, supply chain interdependency and the voracious appetite of regulators and politicians mean today’s organisations face very different risks to their predecessors.
Master programs: A complex world
Companies are expanding from West to East, and from East to West; risks are rising and regulations becoming more complex. Andrew Tjaardstra discovers some of the key considerations that should be taken into account when arranging a global insurance…
Towergate bolsters Northern broking teams
Towergate has recruited Willis’ corporate Northern region director to head up its own business for the region, as well as appointing a new managing director for its Newcastle operation.
Post Claims Club: London market should follow other sectors’ lead in implementing standards
The London market could benefit from the introduction of a road traffic accident portal-like electronic system with fixed timelines and costs consequences for delays in decision making, according to Martin Thomas, chief claims officer at Aon Risk…
Economic slowdown hampering risk readiness
According to the biannual 2013 Aon Global Risk Management Survey, the majority of industries have seen a decline in risk readiness since the 2011 survey.
Solicitors urged to consider insurer ratings
Solicitors have been urged to check insurers' financial strength before acquiring professional indemnity cover following the demise of two unrated providers in recent years.
Aon signs new £15m a year sponsorship deal with Manchester United
Aon has signed a new sponsorship deal with Manchester United that will see the name of the club’s Carrington training ground changed to the Aon Training Complex.
Aon signs eight year deal with Manchester United
Despite no longer being the main kit sponsor from the 2014/15 season, Aon has agreed a $230m sponsorship deal for Manchester United's training ground and kit, and also to become a tour partner.
Bluefin recruits Aon's Hook as HNW boss
Bluefin has named Aon Private Clients' head of wealth protection Steve Hook as its new high net worth leader.
Emerging market megacities will be "gamechanger" says Swiss Re
Eight of the top megacities in the world will be in emerging markets by 2025, according to Swiss Re.