All the headlines from our Aon Topic Page, ordered by recency.
Jan 9 2009 // The UK’s Financial Services Authority has levied a £5.25 million ($8 million) fine against Aon Limited, the broker’s UK operations, “for failing to take reasonable care to establish and maintain...
Jan 9 2009 // Global reinsurance prices firmed for Jan. 1, 2009 renewals and are expected to remain firm for the April through July 2009 renewals, according to the January 2009 “Reinsurance Market Outlook” issued by...
Jan 9 2009 // Aon Consulting Worldwide, the global human capital consulting organization of Aon Corp. announced that Mark Oshima has joined the Irvine, Calif., office as senior vice president within the Corporate Transactions...
Jan 7 2009 // Chicago-based insurance broker Aon Corp. has completed the sale of AIS Management, LLC, which is the parent company of Auto Insurance Specialists, LLC, to Mercury General Corp.Aon said it received $120 million in cash at...
Jan 6 2009 // A bulletin from Aon’s London office notes that “with insolvencies set to increase in 2009, some 20 percent more of SMEs have turned to credit insurance this year to protect their balance sheet than in...
Jan 6 2009 // In light of current economic conditions, a major catastrophe such as an earthquake in California would bring new misery to both U.S. and international financiers, according to an analysis released by Impact Forecasting...
Dec 29 2008 // Chicago-based Aon Corp., a global provider of risk management and human capital consulting services, recently announced the appointment of Laurel Meissner, a former financial executive from Motorola, as senior vice...
Dec 21 2008 // A lot happened in the world of insurance agency/brokerage mergers and acquisitions in 2008.Willis made the biggest slash with its $2.1 billion acquisition of Hilb Rogal & Hobbs Co. (HRH), one of the world’s...
Dec 17 2008 // Aon has issued a warning from its London office to UK companies, which indicates that they may “face new insurance claim burdens in 2009 with fraud on the increase and spiraling legal fees.”Aon also said that,...
Dec 15 2008 // Aon Corp. announced that Jim Finnamore will join the firm in January as regional director of Aon Environmental Services Group, Asia-Pacific. He will be based in Singapore and will coordinate the delivery of the...
Dec 4 2008 // Aon’s specialty group announced from London that it has launched a new insurance policy for charterers, shipowners and cargo owners to cover loss of earnings from a ship being detained by pirates.Aon noted:...
Dec 2 2008 // Following the closing of its acquisition of the UK-based Benfield Group, Aon has announced that it has created a new global specialty business unit – Aon Specialty. The bulletin described the new operation as...
Dec 1 2008 // Stuart Lawson has been appointed head of Aon Trade Credit (ATC), the UK’s leading credit insurance broker. He will service existing clients as well as seeking new business, “in an era when credit insurance has...
Dec 1 2008 // Aon Corp. has completed its $1.43 billion acquisition of Benfield Group Limited, creating Aon Benfield, reinsurance intermediary and capital advisor, which will launch on Dec. 1.“The completion of this transaction...
Nov 30 2008 // In testimony in mid-November before the House Committee on Financial Services in Washington, D. Cameron Findlay, executive vice president and general counsel of Aon Corp., urged the U.S. Department of Treasury to address...
Nov 25 2008 // A bulletin from Aon’s London office concerning mergers and acquisitions states that “sellers are facing a new hurdle as buyers are increasingly seeking to recover damages for financial discrepancies on the cusp...
Nov 24 2008 // Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit and senior unsecured debt ratings on Aon Corp. and has removed the ratings from CreditWatch, where they had been placed...
Nov 18 2008 // In testimony today before the House Committee on Financial Services in Washington, D.C., D. Cameron Findlay, executive vice president and general counsel of Aon Corp., urged the U.S. Department of Treasury to address what...
Nov 2 2008 // Arthur J. Gallagher, Fuller & O’BrienInsurance brokerage firm Arthur J. Gallagher & Co. has acquired Albany, New York-based insurance broker Fuller & O’Brien Inc. for an undisclosed sum. Fuller...