Latest Aon Headlines
All the headlines from our Aon Topic Page, ordered by recency.
Aon: More than Half of Companies Studied Decide to ‘Take Up’ Some Kind of Terrorism Insurance
Dec 15 2004 // With the “new reality” created by the terrorist acts of Sept. 11, 2001, companies throughout the globe faced a new set of issues in managing the broad spectrum of risks created by these events. In a study...
Aon Chief Acknowledges Employee Violations with Business Conduct Code
Dec 8 2004 // Insurance giant Aon Corp., whose practices are under review as part of an industrywide investigation by New York Attorney General Eliot Spitzer, said for the first time that some of its employees have violated the...
Aon Liquidates Endurance Investment
Dec 6 2004 // Aon Corporation announced that it has sold virtually all of its equity investment in Bermuda-based Endurance Specialty Holdings Ltd. The statement follows Aon’s sale of 9.8 million shares in the company to investment...
Aon Sells 9.8 Million Shares in Endurance
Dec 3 2004 // Bermuda-based Endurance Specialty Holding Ltd. announced that Aon Corporation has sold 9.8 million shares of Endurance common stock in a block sale to Goldman Sachs. The shares were sold under the Company’s Form S-3...
Aon Completes Sale of Cambridge to Scandent Group
Dec 1 2004 // Aon Corporation announced the completion of the sale of its claims administration business, Cambridge Integrated Services Group Inc., to Scandent Group, an innovator in providing technology-enabled solutions and services,...
Aon Re Services Appoints Jean-Mairet as Director – Structured and Traditional Life Reinsurance – Europe
Nov 24 2004 // Aon Re Services Global Accident, Health and Life announced that Eduardo Jean-Mairet has joined the Life practice group as Director – Structured and Traditional Life Reinsurance (Europe). “He will use his...
Aon Preps for Spitzer Suit With $890M Line of Credit
Nov 11 2004 // Chicago-based Aon Corp., the world’s No. 2 insurance broker, said it is negotiating with lenders to access about $890 million in credit should Spitzer choose the company as his next target, according to Bloomberg...
Aon Names Streem VP and Head of Investor Relations
Nov 10 2004 // Chicago-based Aon Corp., the world’s No. 2 insurance broker, has named Craig A. Streem to the position of vice president and head of investor relations. Streem was most recently vice president of corporate relations...
Aon Re’s 3rd Annual Study: Improvement in Homeowners Prospective ROE Keeps Up
Oct 27 2004 // Aon Corp. (www.aon.com) announced Wednesday the results of Aon Re’s third annual study of return on capital in the United States homeowners insurance marketplace. The results of the study reportedly reveal continuing...
People and Places
Oct 25 2004 // Bill Litjen San Diego-based insurance brokerage G.S. Levine Insurance Services Inc. has announced the promotion of Bill Litjen to president. He joined the firm in 1997 and most recently held the position of chief operating...
Aon Says Goodbye to Contingent Commissions
Oct 22 2004 // Chicago-based Aon Corporation on Friday announced that it is eliminating its practice of accepting contingent commissions from underwriters. Patrick Ryan, chairman and CEO, said, “Because trust and client...
S&P Drops Ratings on Marsh & McLennan Cos., Aon
Oct 21 2004 // Standard & Poor’s Rating Services has lowered its counterparty credit rating on Marsh & McLennan Cos. (MMC) to ‘BBB+/A-2’ from ‘A+/A-1’. The rating remains on CreditWatch with...
New York AG Sues Marsh Over Contingent Commissions, Cites Insurers Over Alleged Bid-Rigging
Oct 14 2004 // New York Attorney General Eliot Spitzer on Oct. 14 sued Marsh & McLennan Companies, the nation’s biggest insurance brokerage firm, alleging that it steered clients to insurers with whom it had lucrative...
Ins. Rates for Hospital Professionals, Physicians May Slow in 2005
Oct 13 2004 // The trend of high insurance rates experienced by hospital professionals and physicians over the past three years shows signs of slowing in 2005, according to a study released today by Aon risk services experts. Aon’s...
Aon Inks Definitive Agreement to Sell Cambridge Integrated Services to Scandent Group
Oct 5 2004 // Aon Corp. has signed a definitive agreement to sell its claims administration business, Cambridge Integrated Services Group Inc., to Scandent Group. Aon will retain a minority financial interest. Terms of the sale were not...
Willis Staffs Denver Office
Oct 5 2004 // Willis Group Holdings, the global insurance broker, announced that David C. Benson has joined Willis as executive vice president and office leader for its Denver office. Benson, who brings 18 years of insurance industry...
Aon Begins CEO Succession Plans
Sep 30 2004 // Aon Corp. announced that the company is implementing its management succession plan and has begun a search for a new president and chief executive officer. Patrick Ryan, 67, will continue to serve as CEO until a successor...
ri3k Concludes Integration Accord with Aon
Sep 30 2004 // London-based, ri3k, the global reinsurance infrastructure, announced that it has successfully completed an ACORD certified business integration with the ConCert production system of the UK division of international...
Aon May Sell Back-Office Unit
Sep 27 2004 // Chicago-based brokerage giant Aon Corp. may sell a majority of its back-office unit to Singapore-based Scandent for $100 million, according to Reuters. Scandent, which owns software, consulting and back-office services...
2004 Aon Resource Fair Provides Networking Opportunity, Industry Outlook
Aug 23 2004 // From swapping business cards and ideas to sitting in on panel discussions, attendees at the 2004 Aon Resource Fair in Banff, Alberta, Canada consumed a lot of information in just three days in July. At a panel discussion...
