Live Insurance News

McDonald’s takes down its Irish insurance company in move to Bermuda

September 28, 2022September 27, 2022 Marc

The fast-food chain is moving its global coverage operation from Ireland to the North Atlantic. McDonald’s is moving its global insurance company operations out of Dublin, Ireland and to the British island territory of Bermuda in the North Atlantic. It remains in the process of winding down its Irish business, according to its recently filed accounts. The Irish insurance company unit was managed by Aon in Ireland. That insurer has managed the fast-food giant’s global insurance unit for almost three decades. By the time the entire Irish business has run…

Insurance industry continues to see a growth in premiums

September 22, 2014September 20, 2014 S.Vagus

Insurance premiums are on the rise throughout the world Premiums in the global reinsurance and insurance industries grew last year, according to a report from Aon Benfield. The report notes that insurance premiums reached an all-time high by the end of 2013. The Property and casualty, life, and health insurance sectors were the driving forces behind the growth in premiums. Overall, global premiums grew by 0.9% last year, reaching $4.9 trillion. Insurance premiums are likely to continue growing throughout the remainder of 2014. Property casualty, life, and health insurance sectors…

Aon Hewitt introduces new corporate health insurance exchange

September 28, 2012September 28, 2012 Nordstrom

Aon Hewitt provides alternative to state-run and federal health insurance exchanges Health insurance exchanges are on their way, thanks to the Affordable Care Act, but many of the country’s small and mid-sized businesses are still concerned for what these systems could mean for them. Health insurance exchanges are designed primarily with consumers in mind, not businesses. As such, many of the concerns some businesses are having concerning the changing landscape of health insurance go unaddressed. Aon Hewitt, the human resources and health benefits consultancy division of the Aon Corporation, has…

Insurance-linked securities showing strong results

September 10, 2012September 8, 2012 S.Vagus

Aon reports insurance-linked securities performing well despite economic turmoil Aon Benfield Securities, the investment banking division of the global reinsurance organization, has launched the latest edition of its annual report on insurance-linked securities. Insurance-linked securities are financial instruments whose value is determined by insurance loss events. In its latest report, titled “Evolving Strength 2012,” Aon highlights a number of key trends it has observed over the past year. These trends range from the frequency and severity of natural disasters to the issuance of catastrophe bonds. Catastrophe bond issuance on the…

Thai floods to impact worldwide insurance prices, says Aon

November 29, 2011November 29, 2011 H. Cutner

Insurance prices around the world are set to rise in the wake of the devastating floods in Thailand, according to Aon Benfield, a risk assessment firm. The Thai floods are yet another catastrophic event that has occurred in 2011. Paired with rampaging storms in the U.S. and a horrific earthquake and tsunami in Japan, the floods have done major financial damage to the worldwide insurance industry. Estimates regarding the damage done to properties from the flooding in Thailand hovers around $10 billion, but these estimates only factor in the damage…