Latest Aon Headlines

People

Apr 7 2008 // Patrick G. Ryan, founder and executive chairman of the largest insurance intermediary, Aon Corp., said he intends to retire from Aon effective Aug. 1, 2008. “After 41 years as CEO and three years as executive...

Climate Change Heats Up Insurance Industry

Apr 7 2008 // Greenhouse gases (GHGs) have gotten a bad rap, according to Mark C. Bove, senior research meteorologist, catastrophic risk management for Munich Reinsurance America. Speaking on a panel about climate change at the...

ACE Completes Purchase of Combined from Aon

Apr 2 2008 // ACE Limited announced that it has completed its acquisition of 100 percent of the outstanding shares of Combined Insurance Company of America and certain of its subsidiaries from Aon Corporation for $2.56 billion in cash...

2008 Aviation Outlook Unclear

Mar 31 2008 // Capacity for aviation coverage appears to be increasing, but, as claims are also on the rise, the outlook for the year ahead is not one that is easy to predict. Aon aviation industry analyst, Magnus Allan, commented...

Mar 24 2008 // People Wisconsin-based Wausau Insurance recently announced that Michael Parker has been appointed executive vice president — Field Operations. Parker will have oversight responsibility for all Wausau field sales and...

People

Mar 24 2008 // The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is...

Aon Construction Hires Karasaki to Lead Hawaii Operations

Mar 21 2008 // Aon Corp. announced that Chad Karasaki has joined Aon Construction Services Group as managing director. Karasaki, who will also serve as chairman and CEO of the Aon Honolulu office, is the latest in a series of strategic...

Aon Says Failures May Increase Premiums for Space Vehicles

Mar 21 2008 // The failures of the Sea Launch rocket carrying the NSS-8 satellite, the Proton carrying JCSat 11 and the recent failure of the Proton rocket carrying the AMC-14 satellite, could cause space insurers to increase premiums by...

Business Moves

Mar 10 2008 // Arthur J. Gallagher, Taylor Benefits Arthur J. Gallagher & Co. has acquired Utah-based Taylor Benefits. Terms of the transaction were not disclosed. Established in 1996, Taylor Benefits offers employee benefit...

Aon Study Finds Aerospace Premiums Down by 11%

Mar 7 2008 // Aon’s recently published “Aerospace Insurance Market Review 2007” highlights the year’s “soft market driven by high capacity and historically low claims.” Aon determined that the...

Aon Consulting Hires Southeast Region Leader

Mar 6 2008 // Aon Consulting Worldwide, the global human capital consulting organization of Aon Corp., announced that Mary Kay Vona joined the Tampa, Fla., office as executive vice president and southeast region leader. Vona, 47, brings...

Aon Consulting Adds Caldwell as New Chief Operations Officer

Mar 6 2008 // Chicago-based Aon Consulting Worldwide, the global human capital consulting organization of Aon Corp., recently announced that Lisa Caldwell has joined its U.S. division as chief operations officer, in a newly-created role...

Aon Review Sees Harder Aviation Market

Feb 27 2008 // Aon’s “Airline Insurance Market Review of 2007” cites the “high level of hull and liability claims, at US$1.7 billion, coupled with the lowest amount of lead hull and liability premium since 2000...

Aon Buying ‘Substantially All’ of Gallagher’s U.S/UK Reinsurance

Feb 25 2008 // Aon Corporation announced that it has reached an agreement “to acquire substantially all of Gallagher Re’s U.S. and U.K. reinsurance brokerage business. In addition, a team of industry professionals from...

People

Feb 24 2008 // BMS, a reinsurance intermediary based in Philadelphia, has appointed James T. Buysse as chief executive officer of its North American operations, BMS Intermediaries Inc. Buysse has 25 years of experience in the reinsurance...

Feb 24 2008 // People Managing general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. named Terri Haselden vice president and manager of the Dallas Commercial Underwriting Department. Haselden, an experienced...

Aon Expands Boston Office with Oliveras, Roche

Feb 12 2008 // Aon Risk Services, the retail brokerage and risk management unit of Aon Corp., has added Carlos Oliveras and Tom Roche to the firm’s Boston office, which serves New England. Oliveras, who joined Aon in summer 2006 as...

Appel to Head Aon Re Global; Other Appointments

Feb 11 2008 // Aon Corp. has appointed Andrew Appel, previously CEO of Aon Consulting, to take over from Ted T. Devine, who was recently appointed president of Aon Risk Services (See previous article), as the CEO of Aon Re Global. He...

Aon Integrates Risk Services Operations

Feb 11 2008 // Aon Corp. announced that it is integrating its worldwide risk and insurance brokerage operations into a single global business – Aon Risk Services. The newly formed operation will have “more than 26,000...

Aon Reports 4th Quarter and Full Year 2007 Results

Feb 8 2008 // Chicago-based Aon Corp. (NYSE:AOC) reported on Thursday, February 7th, results for the fourth quarter and full year ending Dec. 31, 2007. Net income decreased 7percent to $207 million or $0.64 per share, compared to $223...