Would your client actually buy a pandemic risk product?
February 25, 2021 by Jason ContantEven if insurance products were available for pandemic risk specifically, several businesses say they wouldn’t anticipate becoming more dependent on risk financing or insurance as a result, according to the results of a global survey from Aon. Few companies have…
How Aon’s proposed takeover of Willis Towers Watson is going
February 8, 2021 by Greg MeckbachAon plc has yet to complete its proposed acquisition of Willis Towers Watson plc, but the future management team of the combined brokerage is already starting to collaborate, Aon CEO Greg Case suggested last week. Shareholders of both Aon and…
2020 NatCats underscore need for insurers to collaborate with public sector: Aon exec
February 4, 2021 by David GambrillGlobally, the COVID-19 pandemic may not have affected insurers’ balance sheets in the same way that weather-related disasters did in 2020, but the industry is now much more aware of the impact of multiple catastrophe scenarios unfolding at once, an…
COVID contact tracing is not working, commercial brokerage warns
December 3, 2020 by Greg MeckbachCOVID fatigue and the difficulty in tracing the close contacts of people who test positive for the novel coronavirus are among the reasons Canada is experiencing such high case counts, an Aon Canada expert suggests. The Canadian Press reported Thursday…
How COVID-19 workplace risk advice has evolved
November 26, 2020 by Greg MeckbachAs the pandemic enters its ninth month, risk managers are seeing more emphasis on the length of conversations and the importance of wearing proper masks. “The key thing now is the length of contact with somebody else. Right now, if…
Opinion: Why the industry is wrong about litigation funding
November 12, 2020 Paul Rand, Omni BridgewayLitigation funding provides companies and individuals with an important strategic tool. But a few leaders in the insurance industry warn us to “watch out” for litigation funding. They claim it could “significantly raise insurers’ costs.” Good news: They’re wrong. Writer…
How Aon sees competition regulators’ review of Willis Towers Watson acquisition
November 11, 2020 by Greg MeckbachIt is still up to regulators to decide whether Aon plc will be allowed to acquire Willis Towers Watson plc, but Aon officials seem confident there won’t be a problem. During a recent earnings call, Aon executives were asked why…
‘Bold and underline that’ — What this Aon exec says is the top reinsurance issue
September 25, 2020 by Adam MalikSocial inflation is the top item of concern for an Aon reinsurance executive, even if it’s an issue being exacerbated in the United States rather than in Canada. “I would bold and underline that — that is, I think, the…
Aon exec urges the industry to ‘try to do better’ at offering basic coverages
September 22, 2020 by Adam MalikThe property and casualty insurance industry needs to to a better job of ensuring that basic coverages — such as protection from water and fire — are available to clients and that there isn’t a protection gap, said Matt Wolfe,…
Aon exec discusses industry ‘sins’ and puts COVID claims into perspective
September 16, 2020 by Adam MalikRiding the wave of high interest rates years ago, some P&C insurers and reinsurers overlooked their escalating combined ratios, an industry exec recently observed during a webinar. And that’s coming back to bite the industry now that the global COVID-19…
This blockbuster global brokerage merger goes to vote Aug. 26
August 24, 2020 by Greg MeckbachThe industry will be closer to finding out whether the second and third-biggest global P&C brokerages will merge after shareholders of both Willis Towers Watson plc and Aon plc vote on Wednesday. Aon and Willis announced this past March that…
How Aon and Willis are progressing on proposed merger
August 4, 2020 by Greg MeckbachThe acquisition of Willis Towers Watson plc by Aon plc is on track to close in less than a year as Aon officials don’t seem concerned the deal will be blocked by competition regulators. “We are exactly on track with…