Global Natural Disaster Trends - Global natural disaster events caused $368 billion in economic losses in 2024, a 14% increase above the 21st-century average, marking the ninth consecutive year of losses exceeding $300 billion [2] - Weather-related events are becoming more frequent and costly, with global insurance losses in 2024 reaching $145 billion, 54% above the 21st-century average [3] - The protection gap stood at 60% in 2024, representing a significant financial challenge for communities, businesses, and governments [3] Key Events and Their Impact - Hurricane Helene was the costliest global event in 2024, causing $75 billion in damages and 243 fatalities [4] - Hurricane Milton was the costliest single global insured loss event, causing $20 billion in losses [4] - 78% of global insured losses were recorded in the U.S., driven by hurricanes and severe convective storms (SCS) [4] Severe Convective Storms (SCS) and Urban Exposure - There were at least 54 global events in 2024 that each resulted in economic losses above $1 billion, driven by SCS in the U.S. [5] - Growing exposure to SCS in high-risk areas like Dallas, Houston, and Denver increases the likelihood of billion-dollar disasters [5] Climate Trends and Record Temperatures - 2024 was the warmest year on record, with 20 countries and territories recording their highest temperatures [6] - The year saw the end of 15 consecutive months of record global high temperatures in August [6] Insurance Industry and Resilience Measures - $223 billion in uninsured losses in 2024 highlights the need for investments in technology and analytics to model and price risks [7] - Improved warning systems, weather forecasts, and evacuation planning contributed to a reduction in fatalities, with 18,100 lives lost in 2024 compared to the 21st-century average of 72,400 [7] Global Economic Loss Events - The top 10 global economic loss events in 2024 included hurricanes, floods, earthquakes, and droughts, with Hurricane Helene and Hurricane Milton being the most costly [9] - Spain, Brazil, U.A.E., and Vietnam recorded their costliest insurance events in 2024 [8] Industry Collaboration and Innovation - The insurance industry and broader financial community have the opportunity to bring new sources of capital to protect vulnerable communities and create greater economic resilience [8] - Collaboration between stakeholders is crucial for developing public-private partnerships and innovative insurance products to close the protection gap [8] Aon's Role and Expertise - Aon's 2025 Climate and Catastrophe Insight report provides actionable insights to help businesses and communities prepare for natural hazards using the latest forecasting models and analytics [9] - The company operates in over 120 countries, offering globally integrated Risk Capital and Human Capital expertise to help clients make better risk and people decisions [10]

Inaugural study of employees in 23 geographies reveals employees are engaging in a "hustle reset" as they reassess where and how much they workDUBLIN, Jan. 14, 2025 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today released results from its 2025 Human Capital Employee Sentiment Study. The global study of more than 9,000 employees across 23 geographies, including the U.S., UK, Brazil and Australia, found that a majority of workers have their eye on their next move and do ...

DUBLIN, Jan. 10, 2025 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, plans to announce fourth quarter and full year results on Friday, January 31, 2025, in a news release to be issued at 5:00 am Central Time. Greg Case, CEO of Aon, will host a conference call at 7:30 am CT on Friday, January 31, 2025. The conference call will be broadcast live through Aon's website at www.aon.com. A replay will be available shortly after the live webcast. The earnings release and supplemen ...

New global climate role will help tackle increasing weather and catastrophe risks through advanced analytics, innovative solutions and new sources of capital Proven entrepreneurial leader with international experience across Reinsurance and Commercial Risk strengthens the firm's industry-leading integrated Risk Capital capabilityDUBLIN, Jan. 8, 2025 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, announced today the appointment of John Neal as Global Chairman of Climate So ...

BLOOMFIELD HILLS, Mich., Dec. 19, 2024 /PRNewswire/ -- Woodward Park Partners is pleased to announce that its client, Benefits Partner, LLC dba Salus Group ("Salus Group"), has been acquired by NFP, a wholly owned subsidiary of Aon (NYSE: AON). Salus Group is a leading independent benefits consulting, brokerage and administration firm.Woodward Park Partners acted as the exclusive financial advisor to Salus Group in this transaction. Michael Brillati, CEO and majority shareholder of Salus Group stated, "The ...

Core Viewpoint - Aon and the EBRD have launched a €110 million guarantee scheme to support the war risk insurance market in Ukraine, aiming to revitalize the local economy and attract international reinsurers [1][2][3] Group 1: Guarantee Scheme Details - The new Ukraine Recovery and Reconstruction Guarantee Facility will provide reinsurance capacity for international reinsurers and local Ukrainian insurers to cover war-related risks [2] - The facility is designed to leverage existing market infrastructure and risk transfer mechanisms to protect private sector investors [2] - The scheme will initially cover inland cargo, motor vehicle damage, and railway rolling stock, with potential expansion based on market demand [6] Group 2: Market Impact - The facility aims to stimulate business activity and economic growth in Ukraine by making war risk insurance more accessible [3] - It is expected to enable the provision of war risk coverage to businesses and small and medium-sized enterprises at scale through local insurers INGO, Colonnade, and UNIQA [5] - The EBRD's guarantee may insure up to €1 billion worth of goods and vehicles in transit each year, driving significant economic impact [6] Group 3: International Engagement - The global specialty reinsurer MS Amlin is the first international reinsurance partner to join the EBRD facility, allowing them to re-engage with Ukrainian insurers [4] - The facility is backed by contributions from France, the United Kingdom, Norway, Taiwan, the European Union, and Switzerland, with additional donor support expected [7] - Coordination with the Ukrainian Ministry of the Economy and the National Bank of Ukraine ensures the provision of war risk insurance policies to local companies [8] Group 4: Statements from Key Figures - EBRD President Odile Renaud-Basso emphasized the milestone for Ukraine and the importance of building a resilient insurance market to boost business confidence [9] - Aon CEO Greg Case highlighted the firm's commitment to identifying investment opportunities in Ukraine during the ongoing war [10] - Ukrainian Deputy Prime Minister Yulia Svyrydenko expressed gratitude for the insurance mechanism, which is expected to support small and medium-sized businesses and attract investments [10] Group 5: Aon's Previous Efforts - Aon's initiatives over the past year have represented more than $465 million in public and private capital for war risk insurance in Ukraine [10] - The firm collaborated with the U.S. International Development Finance Corporation to create a pioneering insurance program for businesses operating in Ukraine [10] - The EBRD has deployed €5 billion in Ukraine since February 2022, focusing on energy security, infrastructure, food security, and the private sector [11]

CHICAGO, Dec. 11, 2024 /PRNewswire/ -- Aon plc (NYSE: AON) reports that more U.S. hospitals are reporting steady or lower employee turnover after bolstering pay and benefits to help attract and retain talent, according to the firm's 19th annual Benefits Survey of Hospitals.Seven percent of hospitals reported increased turnover among nurses (compared to 62 percent in 2023) and five percent experienced higher departures among non-physician clinical positions (compared to 41 percent in 2023) and nine percent s ...

Aon plc (AON) recently announced a record-breaking renewal of its Aon Client Treaty (ACT) for 2025. ACT is AON’s signature London Market placement facility, which aids clients in securing new sources of risk capital.Now entering its 10th year, ACT will provide co-insurance of 28.5% of the business placed through Aon’s Global Broking Centre in London. This marks the largest capacity increase from 22.5% in 2024. Moreover, the treaty has added three new market partners, and all current participants have renewe ...

DUBLIN, Dec. 2, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announces the appointment of Anne Corona as CEO of Enterprise Clients and global chief commercial officer, effective 1 January 2025.This appointment is part of the firm's strategy to advance its commercial capabilities by deepening commercial alignment, integration of data and analytics and service excellence globally to better service clients.In this role, Corona will work with Aon's Enterprise Clie ...

Flagship facility will grow to co-insure 28.5 percent of business placed by Aon's Global Broking Centre, a record increase as it enters its tenth year Renewal includes three-year letter of intent from market partners and introduction of "ACT Client Dividend" — two landmark client featuresLONDON, Dec. 2, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced the successful renewal and expansion of the Aon Client Treaty (ACT). ACT is the firm's signature London ...