Aon/Ponemon report: Almost four times more budget is being spent on property related risks vs. cyber risk
CHICAGO, April 25, 2017 /PRNewswire/ -- The 2017 Cyber Risk Transfer Comparison Global Report, released today by the Ponemon Institute, a leading research firm on privacy, data protection and information security, and sponsored by Aon plc (AON), found that organizations now believe that their cyber assets are more valuable than plant, property and equipment assets, even though they are spending four times more budget on insurance protecting the latter risks. "This unique cyber study found a serious disconnect in risk management," said Dr. Larry Ponemon, chairman and founder of the Ponemon Institute. While the majority of surveyed respondents find that cyber insurance is inadequate to meet the needs of their organization, too expensive and has too many exclusions, 46 percent of respondents reported a data breach in the last two years with the average financial impact costing $3.6 million.
From Trump to Brexit, politics drive firms into insurers' arms
ZURICH/LONDON, April 24 (Reuters) - Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over the consequences of a string of events in the developed world - from Donald Trump's election in the United States and Britain's vote to quit the European Union last year to the presidential election process now underway in France. Multinationals - ranging from oil and gas firms to mining groups, industrial manufacturers and banks - are concerned that unforeseen changes in government policies could lead to business disruption, flouted deals and unrest in their growth markets.
Unprecedented volatility adds new urgency and complexity to old risks, reports Aon's 2017 Global Risk Management Survey
Posted on Apr 24, 2017 (2 days ago)
LONDON, April, 24 2017 /PRNewswire/ -- Trends in economics, demographics and geopolitics along with rapid technology advancements are transforming traditional risks for global businesses, adding new urgency and complexity to old challenges, according to Aon's (AON) 2017 Global Risk Management Survey. Damage to reputation/brand remained the top ranked risk by businesses. Additionally, risks that are traditionally uninsurable are becoming more volatile and difficult to prepare for and mitigate.
[$$] Seeking Safe Dividends? Check the Payout Ratio
Posted on Apr 21, 2017 (4 days ago)
Last week, the average yield of the companies in the Standard & Poor’s 500 was a shade over 2%, while the 10-year U.S. Treasury was at only around 2.24%. One strategy, or at least a place to start, is to look for shares with a relatively conservative payout ratio—the percentage of a company’s net income paid out in dividends. If the payout eats up a big chunk of net income, or even exceeds it (as in case of a company that borrows to pay its dividend), it might not be sustainable.
Britain investigates five insurance brokers over aviation business
Posted on Apr 21, 2017 (5 days ago)
Britain's financial watchdog is investigating five insurance brokers over information-sharing on aviation insurance, the companies said, in one of the first cases of its kind by the watchdog. Aon, Jardine Lloyd Thompson (JLT), Marsh , UIB and Willis Towers Watson issued statements saying they were cooperating with the Financial Conduct Authority's investigation, with Willis and Marsh adding the probe followed recent visits by the FCA to their offices.
[$$] UK watchdog launches antitrust investigation of aviation broking
Posted on Apr 21, 2017 (5 days ago)
The UK financial watchdog has launched a sprawling antitrust investigation into the aviation broking sector, raiding several of the largest players as part of a probe into whether they improperly shared ...
LONDON, April 14, 2017 /PRNewswire/ -- Aon plc (NYSE:AON), the leading global provider of risk management and human resource consulting , announced today that its Board of Directors has authorized a 9% ...
Aon Announces First Quarter 2017 Earnings Release and Conference Call
Posted on Apr 13, 2017 (12 days ago)
LONDON, April 13, 2017 /PRNewswire/ -- Aon plc (NYSE:AON), the leading global provider of risk management and human resource consulting , plans to announce first quarter 2017 results on Tuesday, May 9 ...
Severe US weather expected to cost insurers more than $2bn in March, according to Aon catastrophe report
Posted on Apr 7, 2017 (19 days ago)
CHICAGO, April 7, 2017 /PRNewswire/ -- Impact Forecasting, Aon Benfield's catastrophe model development team, today launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during March 2017. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc (AON). Total economic losses for this event alone were estimated at USD1.7 billion, while public and private insurance claims were listed at USD1.2 billion.
Canadian pension solvency in the first quarter of 2017 reaches its highest level since 2007 financial crisis
Posted on Apr 6, 2017 (20 days ago)
·Aon’ s median solvency ratio for surveyed defined benefit plans increased to 96.7%. ·Canadian pension solvency reached its highest point since September 30, 2007. TORONTO, April 06, 2017-- As the global ...
Populism and terrorism converge to compound global risks
Posted on Apr 5, 2017 (20 days ago)
LONDON, April 6, 2017 /PRNewswire/ -- A 14 percent worldwide increase in terrorist attacks in 2016 and populist nationalism are creating an increasingly volatile operating environment for international business. Aon's (AON) 2017 Risk Maps covering Political Risk and Terrorism and Political Violence, produced in conjunction with Roubini Global Economics and The Risk Advisory Group, also confirmed that while Western countries saw a marked increase in terrorist incidents, attacks on these countries still account for less than three percent of terrorist violence globally. In 2016, the United States sustained the highest number of terrorist incidents in a decade, although, according to the Report, the threat is likely to remain moderate in 2017.