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Broking giant Aon has reported that its organic revenue generated from insurance-linked securities (ILS) placements grew by double-digits in the second-quarter of 2025.
The company reported $688 million of reinsurance revenues for the quarter, representing an 8% increase in dollar terms from the prior year period.
That was reflected in a 6% organic revenue growth figure for the Aon Reinsurance Solutions division of the broker.
Aon said it experienced growth in treaty reinsurance, “driven by net new business and ongoing strong retention, partially offset by a modest unfavorable market impact.”
The company also reported double-digit growth in facultative placement revenues for the second-quarter.
But capital markets activity, under the Aon Securities unit, also received a mention in the earnings release today.
Aon reported that it saw a double-digit increase in insurance-linked securities placement related revenues in Q2 2025, which is particularly strong growth.
As one of the leading structuring, arranging and bookrunning specialists for cat bond issuances, Aon Securities activity in the ILS market is a meaningful driver of revenues for Aon’s results.
In a period when catastrophe bond issuance has been so strong, as seen in Q2 2025, Aon has clearly benefited.
During the Aon earnings call today, CFO Edmund Reese commented on reinsurance that, “Organic revenue growth was 6%, driven by double digit growth in our insurance-linked securities business, where we continue to lead the market in cat bond placements.
Looking at the Artemis leaderboard of catastrophe bond banks and brokers, where Aon Securities sits in first place at this time, the company has been actively involved in bringing almost $27 billion of catastrophe bond deals to market, from the current outstanding marketplace.
That’s an impressive 48% of the current outstanding catastrophe bond market, which we size at $55.8 billion at this time.
Based on that, Aon has worked on 92 of the currently outstanding catastrophe bond deal’s that we’ve tracked, with a sole role as structurer or bookrunner on at least 64 of them.
Looking back roughly one year, around the mid-point of 2024, Aon Securities was associated with just over $22.4 billion of outstanding cat bonds from our Deal Directory from 89 deals.
Which means, Aon Securities has grown the volume of outstanding cat bonds it has worked on by 20% over just one year, an impressive feat.
Read more about Aon’s overall Q2 2025 results over at our sister publication Reinsurance News.
Aon reports double-digit growth in insurance-linked securities revenues was published by: www.Artemis.bm
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