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Billions of USD in economic losses anticipated for Hurricane Otis: Aon
Hurricane Otis, the strongest hurricane ever to hit Mexico, has not only left a trail of destruction but is poised to deliver a staggering blow to the local economy, with initial expectations from...
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Aon to consolidate UK and EMEA regions, naming Julie Page as CEO
Insurance and reinsurance broking group, Aon, has disclosed its plan to consolidate its client service operations in the UK and EMEA regions, appointing Julie Page as the CEO for the merged region,...
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Windstorm Ciarán leaves Western Europe bracing for hundreds of millions Euros...
Western Europe was struck by the powerful Windstorm Ciarán on November 1-2, leaving a trail of devastation and economic uncertainty in its wake, with initial expectations suggesting that this storm,...
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Aon announces a number of new UK partners
Insurance and reinsurance broking group, Aon, has announced the appointment of 12 new UK-based partners in the Wealth and Talent Solution Lines of its Human Capital capability. A client manager with...
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Failure to attract or retain talent becomes key business risk: Aon
Human capital issues have become a key business risk fueled by the competition for talent and workforce shortages among other issues, a recent Aon report has revealed. Failure to attract and retain...
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Aon expands Climate Risk Advisory function across Risk Capital
Aon has expanded its Climate Risk Advisory function across the firm’s Risk Capital capability, to “further serve clients’ advanced risk analytics needs in both Commercial Risk Solutions and Reinsurance...
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Property insurance market braces for year-end challenges: Aon
In a recent report by Aon, the Global Insurance Market Insights for Q3 2023 sheds light on the key challenges facing the Property insurance market as the industry approaches the crucial year-end...
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Insurers navigate pricing pressures, capacity constraints, and underwriting...
In the third quarter of 2023, the global insurance market witnessed a dynamic landscape, as outlined in the latest insights provided by Aon. Several key factors shaped the market during this period,...
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Generative AI expected to impact many different insurance lines: Aon
The insurance market’s overall understanding of generative AI-related risk is still within it’s early stages, but this developing form of the technology is expected to impact many different lines...
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Cyber attack/data breach top business risk in Asia Pacific: Aon
Global professional services firm Aon has unveiled its 2023 Global Risk Management Survey results, highlighting cyber attack/data breach as the top concern for organisations in the Asia Pacific region....
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Aon promotes Alison Clarke as Head of Renewables, Global Broking Centre & UK
Aon plc, the global insurance and reinsurance broker, has promoted Alison Clarke as Head of Renewables for its Global Broking Centre (GBC) & UK. In her new role, Clarke will report to Jon Wiegand,...
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Aon partners with AfDB and Amini to support farmers in Africa
Aon, the global re/insurance broker, has collaborated with the African Development Bank (AfDB), Africa’s premier development finance institution, and Amini, an innovator in space technology and...
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Amwins, Costero and Consilium among first brokers to adopt new market reform...
Amwins, Aon, BMS Group, Gallagher, Howden, Consilium and Costero have started using the new market reform contract (MRC v3) marking the first step to the full adoption of Blueprint Two. The two-year...
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Aon Client Treaty expands line size to 22.5% for 2024
Global insurance and reinsurance broker Aon has announced the successful renewal and expansion of Aon Client Treaty (ACT), the firm’s flagship London Market placement facility. According to the...
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Aon survey highlights significant funding gap for IP-rich UK businesses
A new report from global re/insurance broker Aon, in partnership with Beauhurst, shows that there is a significant funding gap for intellectual property (IP) rich UK organisations, with only 2% having...
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Aon set to acquire middle-market P&C broker NFP
Aon, the global re/insurance broker, has signed a definitive agreement to acquire NFP, a middle-market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor,...
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Aon’s acquisition of NFP has “execution risks”: Morgan Stanley
Analysts at Morgan Stanley have highlighted how Aon’s recently announced acquisition of middle-market property and casualty (P&C) broker, NFP, for $13.4 billion may have execution risks and will...
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Cyclone Jasper sparks Australian floods, expected losses in the hundreds of...
In the aftermath of ex-tropical cyclone Jasper, which made landfall on December 13, far north Queensland, Australia, is grappling with unprecedented flooding that has led to emergency rescues, power...
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Aon’s $13.4bn acquisition of NFP reshapes global insurance broking landscape:...
Aon’s $13.4 billion acquisition of NFP is expected to fortify its standing in core markets and strategically expand its influence in secondary markets, as noted by insights from Insuramore. NFP, a...
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S&P revises outlook for Aon to Negative amidst NFP acquisition plans
S&P Global Ratings has revised the outlook for Aon PLC from stable to negative following the company’s definitive agreement to acquire U.S. middle-market broker NFP Holdings LLC. Despite the...
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