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What’s new: In the first Risk Capital Insight episode of On Aon, host Alexandra Lewis is joined by Aon leaders Tracy Hatlestad and Michal Lorinc to discuss the findings of Aon’s 2025 Climate and Catastrophe Insight report. They explore another year of more than $100 billion in insured catastrophe losses, driven largely by secondary perils, and what a changing climate means for people, infrastructure and the global economy.

Experts in this episode:   

• Tracy Hatlestad — Executive Managing Director and Global Head of Property, Reinsurance, Aon 

• Michal Lörinc — Head of Catastrophe Insight and Impact Forecasting, Aon 

Key Takeaways:   

1. Climate risk is increasingly blurring lines between property and people risk, demanding more integrated decisions. 

2. Secondary perils, including severe convective storms and wildfire, are now major drivers of global insured catastrophe losses. 

3. Alternative risk transfer and parametric solutions are complementing traditional reinsurance to manage climate‑driven volatility. 

Listen for more: The “On Aon” podcast is available on Spotify, Simplecast and Apple Podcasts (iTunes).