Aon

Late November flooding in parts of southeastern France and northwestern Italy follows an active year for weather losses in Italy.

Nippon Steel is expecting to cede an 8bn yen property loss to the commercial (re)insurance market.

Aon Securities CEO Paul Schultz said the platform fitted in between collateralised reinsurance and syndicated cat bonds.

California has become the “loss leader” of the homeowners’ insurance market, according to a new Aon study.

Meanwhile, insured losses from Typhoon Faxai will approach $5bn, according to the September Global Catastrophe Recap.

Cedants are turning to the ILS market for solutions, says the broker’s Catherine Mulligan.

The industry has a chance to open the "black box" of risk modelling and gain more in-house control of risk.

The lift in ILW pricing seen at mid-year has been unilateral across most products and was a further increase on the 2018 pricing correction following 2017 events, according to Aon.

Aon’s plan to launch an auction platform in time for 1 January 2020 suggests a struggle is underway in the reinsurance space for the position of auction technology market leader.

Private insurance predicted to cover “lower than normal” share of claims due to bulk of damage coming from water impact.

The CEO was speaking as Aon launched a new auction platform in Monte Carlo.

The firm said it wanted to offer more choice to clients.