Latest Aon Headlines
All the headlines from our Aon Topic Page, ordered by recency.
Madoff Scandal to Cost Insurers $1.8 Billion, Aon Benfield Says
Jan 15 2009 // While the maximum potential exposed insurance limits resulting from the alleged Bernard Madoff Ponzi scheme are estimated to be above $6 billion, the range of direct insured losses will be a far smaller number, most likely...
Aon Consulting Hires Global Benefits Practice Leader for Americas Team
Jan 13 2009 // Aon Consulting Worldwide, the global human capital consulting organization of Aon Corp., announced that Francois Choquette has joined the Global Benefits practice as senior vice president and leader of the Americas team,...
UK’s FSA Fines Aon $8 Million for Bribery, Corruption Control ‘Failings’
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...
Reinsurance Renewals Are Firming, Concludes Aon Benfield Report
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...
Aon Consulting Adds Oshima as Sr. VP in Irvine Office
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...
Aon Completes Sale of Auto Insurance Specialists to Mercury General
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...
Aon, Euler Hermes Launch Insurance Credit Service for SME’s
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...
Study: California Earthquake Would Accelerate US Mortgage Meltdown
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...
Aon Names Meissner Global Controller
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...
2008: Busy Year for Mergers, Big and Small
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...
Aon Highlights ‘Emerging Risks’ for UK Businesses
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,...
Aon Names Finnamore for Risk Management in Far East, Asia, Australia
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...
Aon Launches ‘Loss of Earnings’ Piracy Insurance Policy
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:...
Aon Launches New Global Specialty Business Unit
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...
Aon Appoints Lawson to Head UK Trade Credit
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...
Aon Completes Acquisition of Benfield; Restructuring Includes Layoffs
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...
Aon Outlines Insurance Program for Troubled Financial Assets
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...
Aon Notes M&A Activity Produces Increased Warranty Claims
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...
S&P Affirms Aon’s ‘BBB+’ Ratings; Removed from CreditWatch/Negative
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...
Aon Outlines Insurance Program for Troubled Financial Assets
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...
