Core Insights - Severe convective storms (SCS) have become the costliest insured peril of the 21st century, surpassing tropical cyclones, with total economic losses reaching $260 billion, which is 23% below the 21st-century average and the lowest since 2015 [1] - Insured losses in 2025 reached $127 billion, 27% above the long-term average, indicating that even in a year with below-average hazards, concentrated and severe events can significantly impact global losses [2][3] - The global insurance protection gap narrowed to 51%, the lowest on record, primarily due to the concentration of losses in the U.S., which accounted for 81% of global insured losses [4] Economic Losses and Events - SCS accounted for $61 billion in insured losses globally in 2025, marking the third-highest total on record, with 30 insured loss events exceeding $1 billion, significantly above the historical average of 17 [5] - Wildfires in California were the costliest events of the year, causing $58 billion in economic losses and $41 billion in insured losses, making them the most expensive wildfires ever recorded globally [5] - Global fatalities totaled 42,000, primarily driven by earthquakes and heatwaves, which is 45% below the 21st-century average [5] Regional Trends - In the U.S., more than 54% of global economic losses occurred, with insured losses reaching $103 billion, representing 81% of global industry losses [11] - The Americas faced significant impacts from Hurricane Melissa, with $11 billion in economic damages and $2.5 billion in insured losses [11] - The EMEA region experienced at least $21 billion in economic losses, well below the 21st-century average of $54 billion, marking the lowest loss since 2006 [11] Risk Management and Resilience - Alternative risk transfer solutions are becoming increasingly critical for organizations to mitigate risk and strengthen resilience [6] - The report emphasizes the need for smarter technology, stronger infrastructure, and better forecasting to reduce long-term damage and assist communities in recovery [8] - Organizations are encouraged to invest in predictive analytics and adopt cross-functional approaches to weather risk to enhance preparedness and resilience [10]

New findings show natural hazards such as SCS and wildfire are reshaping global loss patterns and intensifying need for both physical and financial resilience DUBLIN, Jan. 20, 2026 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today launched its annual Climate and Catastrophe Insight report, revealing that severe convective storms (SCS) have surpassed tropical cyclones to become the costliest insured peril of the 21st century. The report shows how increasingly common, hig ...

Core Insights - Aon has expanded its Data Centre Lifecycle Insurance Programme (DCLP) by $1 billion, increasing total capacity to $2.5 billion to address the growing complexities in global data centre developments [1][4] Group 1: Programme Overview - The DCLP, launched in 2025, is a multi-line insurance solution that covers projects from construction to ongoing operations, integrating multiple risk categories typically insured under separate policies [2] - The programme aims to provide clients with efficient access to large insurance capacities while minimizing administrative complexities during project delivery [4] Group 2: Coverage Details - Coverage under the DCLP includes up to $2.5 billion for construction all risks, delay in start-up (DSU), operational property damage, and business interruption, with cyber-related protection available up to $400 million [5] - The programme also offers third-party liability insurance of up to $100 million, excluding US exposures, and project cargo and transport cover of up to $500 million [6] Group 3: Strategic Importance - Aon's president and CEO emphasized the importance of managing risk throughout the data centre lifecycle, stating that these facilities are critical for innovation, connectivity, and economic growth [3] - The expanded DCLP and renewed client treaty are designed to support clients managing large technology projects from initial construction through operational phases, focusing on comprehensive risk management [7]

Core Insights - Aon plc has introduced a new data-driven tool called Aon's Resilience Quotient, developed in collaboration with Gallup, aimed at helping organizations build sustainable resilience and unlock growth [1] - The tool integrates Aon's Risk Capital and Human Capital data with public sentiment analysis to provide a comprehensive portfolio view of risk [1] - Aon's Resilience Quotient addresses the need for quantitative data in decision-making amidst increasing populism and fragmented information sources [1] Summary by Categories Risk Analysis - The new framework clarifies how risks compound across four megatrends, enhancing understanding of risk dynamics [1] - It emphasizes the importance of resilience and how it can be built and activated effectively [1] Performance Influence - The tool identifies where targeted actions can most effectively influence organizational performance [1]

Core Viewpoint - Aon Global Limited plans to fully redeem and delist its 2.875% Senior Notes due 2026 from the NYSE, withdrawing their registration under the Securities Exchange Act of 1934 [1][2]. Redemption Details - The full redemption of the Notes will occur on February 14, 2026, at a price equal to 100% of the principal amount plus accrued interest, totaling approximately €510.87 million, or €1,021.74 per €1,000 principal amount [3]. - The Bank of New York Mellon will act as the paying agent for the redemption process [4]. Company Background - Aon serves as the guarantor of the Notes and aims to provide clients with actionable insights and solutions across over 120 countries [6].

Core Viewpoint - Warburg Pincus is exploring a potential sale of UK insurance broker McGill and Partners, with a possible valuation exceeding $1 billion [1][2]. Group 1: Company Overview - McGill and Partners was founded in 2019 by Steve McGill, a former group president of Aon Plc, and specializes in brokering insurance for sectors such as aviation, property, energy, and marine [3]. - The company reported over 20% revenue growth in the first half of 2025 and a 79% increase in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) compared to the same period in 2024 [3]. Group 2: Investment and Financial Developments - Warburg Pincus initially invested in McGill in 2019 and later transitioned the company into a multi-asset continuation vehicle supported by HarbourVest Partners, Ardian, and the Canada Pension Plan Investment Board [4]. - In September, McGill secured new credit facilities amounting to $300 million from Morgan Stanley, Permira, and Bridgepoint Group Plc to support its growth strategy [4].

Core Insights - Aon plc has announced a $1 billion expansion of its Data Center Lifecycle Insurance Program (DCLP), increasing total capacity to $2.5 billion to address the growing investment in cloud computing and digital infrastructure [1][5] Group 1: Program Overview - The DCLP, introduced in 2025, is a multi-line insurance solution that supports data center projects from construction to ongoing operations, integrating various risk classes into a single coordinated solution [2] - The program aims to help clients secure capacity at scale, reduce friction, and execute projects more efficiently by combining construction, cyber, cargo, and operational risks [2] Group 2: Strategic Importance - Managing risk throughout the data center lifecycle is crucial as these facilities drive innovation and economic growth, necessitating resilience in their infrastructure [3] - The expanded DCLP is designed to support investors, developers, and operators as data centers become larger and more complex, helping clients anticipate risks and demonstrate resilience [3] Group 3: Risk Management and Features - The expansion of DCLP allows clients to manage risk across the entire lifecycle of a data center, from construction to steady state operations, facilitating faster execution [4] - Key features of the DCLP include coverage for Construction All Risks, Delay in Start-Up, Operational Property Damage, Cyber coverage up to $400 million, and third-party liability coverage up to $100 million [8]

Core Viewpoint - Aon plc is set to announce its fourth-quarter and full-year 2025 results on January 30, 2026, at 6:30 AM ET, with a conference call hosted by the President and CEO Greg Case and CFO Edmund Reese at 8:30 AM ET [1][2]. Group 1 - Aon plc is a leading global professional services firm that aims to protect and enrich lives worldwide through actionable analytic insights and integrated expertise [3]. - The company provides clients in over 120 countries with clarity and confidence to make better risk and people decisions [3]. Group 2 - Aon will provide a live broadcast of the conference call through its Investor Relations website, with a replay available shortly after [2]. - The earnings release and supplemental slide presentation will also be accessible on Aon's Investor Relations website [2]. Group 3 - Aon encourages following its updates on various social media platforms and offers contact information for investor and media inquiries [4].

Core Insights - Global Risk Consultants Corp. (GRC) has acquired the U.S. Field Services business of Aon's Property Risk Control Practice, enhancing its engineering capabilities [1] - The acquisition is timely as there is a rising demand for independent risk insights in the market [1] - The operational risks are evolving rapidly, necessitating sharper and cleaner risk assessments from insurers [1]

Core Viewpoint - American International Group's chairman and chief executive, Peter Zaffino, is set to retire as chief executive in midyear, with Eric Andersen, a longtime executive from Aon, taking over the position [1] Company Transition - Peter Zaffino will step down from his role as chief executive in midyear [1] - Eric Andersen, who has extensive experience at Aon, will succeed Zaffino as the new chief executive [1]