AON OUTPACES GUY CARP ON REINSURANCE GROWTH

Aon saw double-digit organic growth in its reinsurance business during 2019 as it capitalised on new treaty, facultative and insurance-linked securities business opportunities. The US broking giant reported 10% organic reinsurance growth in its full-year earnings, double the 5% full-year underlying growth reported at rival Guy Carpenter. Aon booked fourth-quarter organic growth of 17% in its reinsurance operations, again outpacing its rival Guy Carpenter, which delivered underlying growth of 10% for the quarter. The company said the quarterly growth was driven by continued net new business generation on a global basis and "strong growth" in catastrophe bonds within capital markets transactions.