All the headlines from our Aon Topic Page, ordered by recency.
May 5 2003 // A brief filed Friday supporting class certification in sexual harassment and discrimination lawsuit against an Aon subsidiary, Combined Insurance Co. of America, included excerpts from 128 declarations signed by former and...
Apr 29 2003 // Kroll Inc. is adding kidnap & ransom (K&R) insurance brokered by Asset Security Managers (ASM), a wholly-owned subsidiary of Aon Limited, based in Chicago.Kroll’s new, non-exclusive arrangement with ASM,...
Apr 28 2003 // The son of Aon Corp. CEO Patrick G. Ryan and Aon’s general counsel have left the Chicago-based brokerage’s board to be replaced by two outside directors, according to Crain’s Chicago Business. Patrick G....
Apr 15 2003 // Aon Corp. Chairman and CEO Patrick G. Ryan received no bonus or salary increase in 2002, according to the company’s proxy statement filed with the Securities and Exchange Commission. Mr. Ryan, who earned $1.1 million...
Apr 8 2003 // Rates for U.S. property insurance have begun to drop as insurers compromise to meet their target levels of premium growth. This was one of the main findings from a report published by Aon at this year’s RIMS (Risk...
Mar 18 2003 // Aon Corporation reports that significant rate and underwriting initiatives in the U.S. homeowners’ insurance marketplace continue to fall short of the cost of capital, in a continuing study of return on capital by...
Mar 12 2003 // Aon Corporation’s subsidiary, Aon Re Inc., in conjunction with its catastrophe modeling unit, Impact Forecasting, recently completed the first probabilistic catastrophe risk analysis of a combined portfolio of life,...
Mar 10 2003 // The Illinois Appelate Court has ruled that insurance brokerage giant Aon Corp. must pay $22 million to the family of man killed in a plane crash helmed by the company’s corporate pilot, according to Crain’s...
Feb 24 2003 // The “A” (Excellent) financial strength ratings of Aon Corporation’s key insurance underwriting subsidiaries were affirmed by A.M. Best Co. The ratings were held under review with negative implications...
Feb 13 2003 // Aon Corp.’s fourth-quarter net income soared and the company appears to have made a stunning recovery from the impact of the Sept. 11, 2001, attacks on the World Trade Center.The Chicago-based insurance brokerage and...
Feb 12 2003 // Two Texas law firms representing plaintiffs in a class-action suit against Aon Corp. for overtime wage claims said the company failed to meet a Friday deadline to continue negotiations. Edwards & George LLP and...
Jan 28 2003 // A.M. Best Co. has affirmed the A (Excellent) financial strength ratings of Chicago-based Aon Corporation’s key insurance underwriting subsidiaries and removed the ratings from under review.The ratings were placed...
Jan 21 2003 // Chicago-based Aon Corporation declared a quarterly cash dividend of $0.15 per common share. The cash dividend is payable on Feb. 25 to common stockholders of record at the close of business on Feb. 12.
Jan 17 2003 // The chilling effect from last year’s corporate governance scandals has infected the directors’ and officers’ liability insurance market, hitting technology companies especially hard. That is one of the...
Jan 16 2003 // Chicago’s Aon Corp. announced that it has become the first foreign insurance broker to be granted a license for a joint venture partnership by the China Insurance Regulatory Commission (CIRC). The company received...
Jan 10 2003 // Aon Corp. announced that longtime CFO Harvey N. Medvin, 66, will retire in April 2003, and will be succeeded by David P. Bolger.“For more than thirty years, Harvey has been a pillar of Aon’s executive...
Dec 13 2002 // Standard & Poor’s Ratings Services assigned its ‘A-‘ rating to Aon Corp.’s $225 million 144a senior notes offering scheduled to mature in 2012. “The proceeds of the offering are expected...
Nov 25 2002 // Aon Corp. announced that company employees who participated in the October 13 Chicago Marathon and the November 3 New York Marathon to support the Aon Memorial Education Fund had raised over $190,000. “Over 120...
Nov 25 2002 // Following recently-announced plans to exit its specialty insurance underwriting operations, Aon Corporation of Chicago entered an agreement in principle to sell its specialty property and casualty insurance subsidiary,...
Nov 18 2002 // Aon Corp.’s subsidiary, Aon Re Inc., has unveiled two timely new models for workers’ compensation catastrophes. One covers all significant U.S. earthquake regions, and the second analyzes terrorism exposures...