Daily Insurance Industry News
 
 
Daily Insurance Industry News
Sunday 22nd of October 2017
April 11, 2012

Aon DC Index – positive start to the year for equities

by Gill Montia

Story link: Aon DC Index – positive start to the year for equities

Aon Hewitt’s latest DC Index tracker reveals that in the first quarter of 2012, funds with a higher exposure to equities saw an increase in their projected value at retirement, compared to those weighted toward bonds and gilts, which saw a marginal decrease over the period. According to the tracker, projected fund value and income […]



March 28, 2012

Institutional investors set to increase emerging market allocations

by Gill Montia

Story link: Institutional investors set to increase emerging market allocations

A new survey from Aon Hewitt reveals that fund managers are anticipating an increase in demand for emerging market debt and equity among institutional investors during 2012. The findings signal a renewed confidence in developing economies after a retreat following the Arab Spring. Meanwhile UK and regional equities appear to have fallen firmly out of […]



March 23, 2012

Aon advice as PPF levy deadline looms

by Gill Montia

Story link: Aon advice as PPF levy deadline looms

With the 30th March deadline approaching for submitting information to determine Pension Protection Fund (PPF) levies for 2012/13, Aon Hewitt is offering schemes advice on minimising the bill. Senior consultant, Milan Makhecha, has five key recommendations as follows: Amend or update your scheme return – this contains the key information that will be used to […]



March 18, 2012

Aon shareholders approve London move

by Gill Montia

Story link: Aon shareholders approve London move

Aon has secured shareholder approval for the relocation of its Chicago headquarters to London. Ninety-eight percent of votes cast were in favour of the move, representing over 82% of the total outstanding voting stock of Aon Corporation. In January, Aon outlined plans to establish a corporate headquarters in London so as to have greater access […]



March 12, 2012

Aon names 10 global risk technology influencers

by Gill Montia

Story link: Aon names 10 global risk technology influencers

Aon has released the results of its 2012 Global Risk Technology Survey, which gathered information on how leading organisations view and use risk technology. According to the data, which is based on the responses of over 400 risk professionals across 57 countries, the number one benefit and driving force behind the use of risk technology […]



February 15, 2012

Aon surveys auto-enrolment landscape

by Gill Montia

Story link: Aon surveys auto-enrolment landscape

Aon Hewitt has launched its latest benefits & trends survey, which highlights the challenges UK companies face when developing employee benefits programmes. According to the study, the three most pressing issues are: managing cost; addressing low levels of employee engagement; and dealing with legislative changes. Auto-enrolment, where employees will automatically join a company pension scheme, […]



February 8, 2012

Aon extends investment consulting to insurance market

by Gill Montia

Story link: Aon extends investment consulting to insurance market

Aon Hewitt is extending its investment consulting services to the insurance market at the same time as building on its existing offering to the corporate sector. With insurance companies facing fresh challenges in the way they manage their assets and liabilities, the new offering will provide advisory guidance and delegated investment services across a range […]



January 20, 2012

Aon acquires Spanish broker

by Gill Montia

Story link: Aon acquires Spanish broker

Aon has agreed to acquire 80% of Spanish insurance broker, GDS, from La Caixa and Banca March, with an option to purchase the remaining shares in the firm at a future date. Meanwhile, Spanish bank, La Caixa, will continue to hold a percentage stake in GDS while partnering Aon in plans for the continued expansion […]



December 1, 2011

Aon appoints London P&C director

by Gill Montia

Story link: Aon appoints London P&C director

Aon Risk Solutions has appointed Mark R Parker to the position of director at its global broking center’s international property and casualty specialty in London. Mr Parker takes up the role on 9th December and will support the expansion of the firm’s international P&C portfolio, working with the unit’s leader, Luigi Sturani. He will also […]



November 16, 2011

Aon updates UK terrorism cat model

by Gill Montia

Story link: Aon updates UK terrorism cat model

Aon Benfield has updated its UK terrorism catastrophe model, including estimates of the financial loss to life insurers, in a move aimed at helping to satisfy the requirements of Solvency II. The new model simulates attacks on more than 2,000 potential UK targets, including places of worship, financial centres, infrastructure, government and military locations. For […]



November 9, 2011

Cost of airline insurance continues to slide

by Gill Montia

Story link: Cost of airline insurance continues to slide

Aon Risk Solutions has released its Airline Insurance Market Indicators report for 2011/12, as the sector enters its renewal season. The broker notes that premium volumes are so far holding steady despite significant increases in forecast risk exposures, but with the underlying cost of insurance continuing to slide. Airline forecasts suggest that fleet values will […]



Aon appoints UK legal indemnity director

by Gill Montia

Story link: Aon appoints UK legal indemnity director

Aon has appointed Mark Manwaring as client director responsible for leading its national legal indemnity practice. Reporting to commercial director, Tim Scoble, Mr Manwaring takes up the role with immediate effect, based at the group’s UK headquarters in London. He joins with over 10 years of specialist experience dealing with a wide range of legal […]



October 3, 2011

Aon Global Risk Consulting names new CEO

by Richard Kilner

Story link: Aon Global Risk Consulting names new CEO

Aon Risk Solutions has announced the appointment of Andrew Tunnicliffe to the post of chief executive officer of Aon Global Risk Consulting. Tunnicliffe is an industry veteran and brings more than three decades of experience to his new position. He is a leading figure in the fields of captives and risk consulting, and will be […]



September 23, 2011

Aon makes crisis management appointments

by Gill Montia

Story link: Aon makes crisis management appointments

Aon Risk Solutions has appointed Christof Bentele as chief broking officer at its London-based crisis management practice. With over 25 years of experience in various roles within the risk and insurance industry, Mr Bentele moves from global product leader, recall and contamination solutions. In his new role, he is responsible for the practice’s global broking […]



September 17, 2011

Aon releases piracy report

by Gill Montia

Story link: Aon releases piracy report

Aon’s kidnap and ransom practice has released its first in-depth piracy report, aimed at ship owners worldwide. The study makes use of piracy data from 2009 to 2011 to clarify changing trends in regional and seasonal Somali piracy activity, and look at the emerging threat of piracy off the west coast of Africa. The analysis […]



September 11, 2011

Aon releases 2011 risk study

by Gill Montia

Story link: Aon releases 2011 risk study

Aon Benfield has released its 2011 Insurance Risk Study, which sets out latest parameters for modelling and benchmarking underwriting risk. The data span 47 countries and key business lines, representing more than 90% of global property-casualty insurance premium. According to this year’s figures, property remains substantially more volatile than other major lines. In Germany and […]



August 22, 2011

Aon spots Pensions Bill blunder

by Gill Montia

Story link: Aon spots Pensions Bill blunder

Aon Hewitt is calling for a change in the Pensions Bill before it comes into force. According to the human resources specialist, many organisations are planning to extend auto-enrolment to everyone, regardless of earnings or age. However, as it stands, the legislation requires the employer to recognise different categories of worker with their own distinct […]



August 11, 2011

Aon sponsors China’s update of natural disaster risk

by Gill Montia

Story link: Aon sponsors China’s update of natural disaster risk

Aon has announced that it is the sole insurance-industry sponsor of the third edition of the Atlas of Natural Disaster Risk in China. The Atlas pools almost a decade of research on the country’s major natural perils, presented on a national and local basis with maps showing topography, climate, vegetation zones and land use. The […]



July 29, 2011

Aon’s Q2 profits rise by 69%

by Richard Kilner

Story link: Aon’s Q2 profits rise by 69%

Aon Corporation has reported its results for Q2 2011, during which net income increased by 69% year-on-year to $258m (equating to $0.75 per share) from $153m ($0.54 per share). Net income rose marginally from the immediately preceding quarter when Aon made $246m ($0.71 per share). Total revenue increased by 48% from $1.9bn in the corresponding […]



July 26, 2011

Aon appoints insurer relationship managers

by Gill Montia

Story link: Aon appoints insurer relationship managers

Aon Risk Solutions has appointed three new insurer relationship managers to Aon GRIP Solutions in the UK, which provides insurers with analytical insights regarding their underwriting capabilities. All three appointments are from within Aon, across a range of areas within the business. David Cleverly, who has been heading up the North American wholesale team for […]