Aon’s Post

Gallagher: A Legacy of Innovation and Resilience From humble beginnings that span over 85 years in New Zealand, the Gallagher family embarked on a remarkable journey. Their story is one of tenacity, vision, and unwavering commitment to excellence. A Single Office to Global Leadership: Driven by hard work and an unyielding ethos, the Gallagher family expanded their horizons. What began as a single office evolved into a global leader. Today, Gallagher stands at the forefront of insurance, risk management, and consulting services worldwide. Their solutions span the globe, touching the lives of more than 20,000 customers across 40 key industries in 140 countries. Turning the World of Security Orange: At Gallagher, innovation is not just a buzzword; it’s a way of life. Their world-class security solutions, meticulously designed and engineered, make a genuine impact. Whether safeguarding critical infrastructure, securing businesses, or protecting communities, Gallagher is there. Their mission? To turn the world of security orange—a beacon of safety and trust. Joining You on Your Journey: As you navigate your own path, consider Gallagher as your steadfast companion. They invite you to a safer, better, and more secure future. Together, let’s build a world where risks are managed, dreams are protected, and progress knows no bounds. #GallagherSecurity #TurnTheWorldofSecurityOrange #ProtectWhatMattersMost #ELVDI #ELVDistributions

Last week, IAIS Secretary General Jonathan Dixon and IAIS Executive Committee Vice Chair Siham Ramli joined the National Association of Insurance Commissioners (NAIC) International Insurance Forum for a panel discussion on the #IAIS' ambitious next five-year Strategic Plan. Jonathan provided an overview of the plan’s key elements, including the core objectives, operational priorities and the three strategic themes that will be the focus of IAIS in the next era: 🔹Strengthening supervisory response to climate change 🔹Adapting to digital innovation and cyber risks 🔹Supporting insurance to serve its societal purpose of building resilience As we approach the end of the current Strategic Plan, Jonathan highlighted the transition from an era of intensive standard setting to a new phase with a unifying agenda that cuts across sectors and economies for more shared collaboration and cooperation. Siham offered a unique perspective on the IAIS future work, particularly from the standpoint of emerging markets and developing economy countries, sharing how it balances the needs of the IAIS’ diverse membership. Thank you to the NAIC for providing the platform for the stimulating discussion. 👉 More information about the IAIS’ upcoming Strategic plan and watch the stakeholder briefing webinar: https://lnkd.in/eV8s83um 📰 Read last month’s newsletter editorial: https://lnkd.in/gNdSPkTZ #IAIS2024 #InsuranceNews #InsuranceSector

Since it began in 1957, the Rendez-Vous de Septembre in Monte Carlo has been a place for insurance and reinsurance market participants to gather and collaborate ahead of renewal season. What was said about Cyber at the event earlier this month? #reinsurance #cyberinsurance #hackernews

Raphael Reischuk, Partner, Zühlke Group Nicolas Georgy, Chief Underwriting Officer P&C EMEA, PartnerRe and Gabor Jaimes, Head of Cyber, Property and Natural Hazard insurance, Swiss Insurance Association SIA, Board member Swiss Financial Sector Cyber Security Centre, Board member Swiss Earthquake Damage Organisation examined the criteria for insurability and discussed what role the insurance ecosystem assume in managing risks, from insureds to insurers to goverments. #ReinsuranceOutlookEU #reinsuranceeu #insurance #reinsurance

Check out our cyber market report!

🎥 Novatae’s Kerr: Bretton Wood deal will help us seize Lloyd’s opportunity Watch the FULL exclusive interview here👇 https://lnkd.in/g5Rygqnd Novatae Risk Group plans to utilise its newly acquired London platform to help build coverholder programs in the Lloyd’s market, according to CEO Richard Kerr. You will hear more on: ✅ Why MGA’s have an advantage when it comes to operating in casualty lines with unknown large tails ✅ Why the next asbestos could be on the horizon for the cyber market ✅ Why Novatae sees hardening in the casualty market as an opportunity Richard Kerr | Novatae Risk Group | George Abbott 📨 The Insurer TV's News in Focus asset is only available to subscribers. To gain unlimited access to our premium content, visit: https://lnkd.in/exGh33VY #TheInsurerTV #NewsinFocus #insurance #reinsurance #insuranceinterview #reinsuranceinterview #insurancemarket #reinsurancemarket #insurancenews #reinsurancenews

🎥 NARS’ Ruryk: Rising specialisation means more claims need to be outsourced to TPAs Watch the FULL exclusive interview here👇 https://lnkd.in/e9jJfgeY NARS CEO Robert Ruryk has said the increase in specialisation across the industry means the specialist expertise of outsourced claim handling is needed, while expressing relief over last year’s mild wind season, given strains TPAs could have faced. Robert Ruryk | Jamie Bernardo | North American Risk Services (NARS) | James Thaler | Target Markets Program Administrators Association (TMPAA) You will hear more on: ✅ Why NARS has dedicated significant time and resources to the MGA space ✅ How the adjusting market might adapt to a big cat event in the near future ✅ The explosion in the number of attendees at Target Markets’ mid-year meeting ✅ Whether Ruryk sees trends of claims being outsourced or moved in-house ✅ How NARS thinks about cyber ✅ And more... #TheInsurerTV #NewsinFocus #insurance #insuranceinterview #insurancemarket #insurancenews

We are pleased to announce the appointment of AEGIS London's new #cyber team; Class Underwriter Daniel Johnson and Underwriter Lydia Lambert. Dan and Lydia are attending the #Zywave #Cyber #Risks #Conference in London today as they focus on building a profitable cyber portfolio. AEGIS London, Head of Specialty Benjamin Lockwood said: “In Dan and Lydia, I believe we’ve found the right individuals to craft a sensible, robust and profitable cyber portfolio for AEGIS London that’s sustainable across the insurance cycle... We’ve been watching the market with great interest, in part because we’ve been involved in a number of cyber binders and consortia. We feel now that the market’s matured, learned some hard lessons and begun to find some sort of equilibrium as an important part of the wider Lloyd's market. Underwriters’ ability to assess price and aggregate risk has also come on by leaps and bounds, which gives us confidence in the class.” While Daniel Johnson said: “AEGIS London provides me with the stable, profitable, long-term focused platform necessary to build a strong portfolio. The cyber market provides an attractive opportunity for AEGIS London to strategically diversify its specialty classes.” #CyberRisksLondon2024

CrowdStrike outage an opportunity for re/insurance market to react and improve: Aon - Reinsurance News: CrowdStrike outage an opportunity for re/insurance market to react and improve: Aon  Reinsurance News #CyberSecurity #InfoSec #SecurityInsights

We're staring down the barrel of "the greatest challenges of our time," according to Lloyd's Chairman Bruce Carnegie-Brown, who was speaking this week at Marsh McLennan's Rising Professionals' forum in London. Those challenges: climate change, cyber/technological risks, geopolitics and political violence and financial risk, all troubling topics that, of course, have been covered extensively right here on our humble LinkedIn account. “Developing good judgment is about creating a disciplined framework against which to evaluate an opportunity or a challenge, remembering that, successfully navigated, your biggest challenges will become your biggest opportunities," Carnegie-Brown explained to the audience, adding that the reinsurance sector has to be "ambitious" in its approach. There's a lot more to unpack from the discussion, which was covered nicely in Reinsurance News. Check it out: https://lnkd.in/gyjpUNpD #insurance #reinsurance #climatechange #cyber #tech #geopolitics #politics #election #risk #violence #economy #insuranceindustry #brokers #riskmanagement