All the headlines from our Aon Topic Page, ordered by recency.
Nov 15 2002 // Aon has agreed to sell its Sheffield Insurance Corporation, a specialty property and casualty insurance subsidiary, to Bermuda’s Axis Specialty Limited for an undisclosed price, subject to regulatory approval.Aon had...
Nov 12 2002 // Standard & Poor’s Ratings Services affirmed its ratings on various synthetic transactions related to Aon Capital A, and removed them from CreditWatch with negative implications, where they were placed on Nov. 4,...
Nov 5 2002 // Chicago-based Aon Corporation took a couple of giant steps toward its goal of raising $1 billion in new capital, with the successful sale of 32 million shares of stock at $17.18 per share it raised $550 million, $50...
Nov 1 2002 // Standard & Poor’s has placed its ratings on Aon Corp., including its single-‘A’-minus counterparty credit rating, on CreditWatch with negative implications following the company’s third-quarter...
Oct 31 2002 // Aon Corp. reported third quarter 2002 earnings increased to $0.46 per share from $0.26 per share in third quarter 2001. Operating segment reported revenues for third quarter were up 17 percent year-over-year reflecting...
Oct 28 2002 // Aon Corporation announced the results of Aon Re Worldwide’s comprehensive study of the U.S. homeowners marketplace. The results of the study reveal that the homeowners insurance industry, despite recent rate and...
Oct 22 2002 // Aon Corp. announced several senior management changes within Swett & Crawford Group Inc., the largest wholesale insurance broker in the United States.David Hartoch will retire as chairman and chief executive officer...
Oct 8 2002 // Aon announced that its “Wired for Growth” risk management program has been named among the top ten winners of the 2002 Chicago Innovation Award.“This is the second recognition the Wired for Growth program...
Oct 7 2002 // According to a report appearing on the Web site of the Chicago Tribune, Near North Insurance (NNI) has filed a lawsuit directly against Aon, alleging that former NNI employees, who had joined Aon, used proprietary...
Oct 4 2002 // Michael Segal, the founder and former CEO of Chicago-based broker Near North Insurance, has filed a lawsuit in Cook County Circuit Court seeking a total of $700 million in damages from six former employees who joined Aon,...
Oct 4 2002 // Aon Corporation announced the results of Aon Re Worldwide’s comprehensive study of the U.S. homeowners marketplace. The results of the study reveal that the homeowners insurance industry, despite recent rate and...
Sep 13 2002 // Aon Corporation announced that its global reinsurance intermediary, Aon Re Worldwide, has completed a major excess of loss reinsurance program for the State Compensation Insurance Fund of California. The transaction...
Sep 5 2002 // Aon Corporation announced the completion of negotiations to secure new permanent office facilities in New York City.On Aug. 28, 2002 Aon reached an agreement with Resnick Seaport, LLC of New York to lease approximately...
Sep 2 2002 // A.M. Best Co. placed the financial strength ratings (FSR) of the insurance subsidiaries operating within Combined Specialty Group Inc. (CSG) under review with negative implications. The rating action follows Aon...
Sep 2 2002 // A.M. Best Co. placed the financial strength ratings (FSR) of the insurance subsidiaries operating within Combined Specialty Group Inc. (CSG) under review with negative implications. The rating action follows Aon...
Aug 30 2002 // Aon Corporation announced that David C. Thompson has joined Aon Re US as VP in their San Francisco office, and that Al Orendorff has been named to the newly created position of director of public relations. Thompson, who...
Aug 23 2002 // The law firm of Pomerantz Haudek Block Grossman & Gross LLP, which has offices in New York and Chicago, and the Pennsylvania-based law firm of Marc S. Henzel both announced that they have filed legal actions in U.S....
Aug 21 2002 // The New York law firm of Wechsler Harwood Halebian & Feffer announced that it has filed a class action lawsuit in Federal Court in Illinois on behalf of shareholders against Aon Corp., following revelations of...
Aug 19 2002 // Aon’s recent revelations of “financial irregularities,” while not in a class with Enron or WorldCom, have drawn the inevitable wolf pack to the scent of blood. Late last week two prominent law firms,...
Aug 19 2002 // Aon Corp. shares dropped 30 percent Aug. 7 after the broker posted lower-than-expected second-quarter results and announced the possible impact of its accounting talks with the Securities and Exchange Commission. The...