Latest Aon Headlines

Business Moves

Nov 5 2006 // Aon, Old Republic Insurance Co. Chicago-based Aon has taken further steps to exit the property and casualty underwriting business by moving to sell its Construction Program Group (CPG). Aon also announced that it would...

Nov 5 2006 // People The Independent Insurance Agents of North Carolina announced the election of Kathy Lance of The L.N. Davis Co. in Waynesville, as its new president. Lance, the first female to hold the office, has been a member of...

Business Moves

Nov 5 2006 // Affirmative Insurance Holdings, USAgencies Affirmative Insurance Holdings Inc., Addison, Texas, and privately-held USAgencies L.L.C., based in Baton Rouge, La., announced a definitive agreement under which Affirmative will...

Business Moves

Nov 5 2006 // Aon, Old Republic Insurance Co. Chicago-based Aon has taken steps to exit the property and casualty underwriting business by moving to sell its Construction Program Group (CPG). Aon also announced that it would strengthen...

Aon Proposes Changes to U.S. and U.K. Defined Pension Plans

Nov 3 2006 // Chicago-based Aon Corp. recently announced proposed changes to its U.S. and U.K. defined benefit pension plans to maintain competitive retirement benefits for its employees while reducing future pension costs, according to...

Aon Re Global Names Markey, Johnston to Bermuda Management Positions

Oct 30 2006 // Aon Re Global, the Chicago-based provider of reinsurance brokerage and integrated capital solutions and services of Aon Corp., has announced the appointment of Paul Markey as managing director, global market relationships,...

Aon Re Intercedes with A.M. Best for Lloyd’s Clients

Oct 25 2006 // Aon Re Global, the Chicago-based reinsurance broker, notes that it “recently facilitated communications between rating agency A.M. Best and Lloyd’s that resulted in a clarification of Best’s treatment of...

Aon to Handle Panama Canal Expansion Project Coverage

Oct 25 2006 // Chicago-based Aon Corp. is set to become the insurance broker and risk management consultant for the Panama Canal Authority, as it undertakes a $5 billion makeover of the 90-year old waterway, recently approved by...

Aon Moves On Exit Plan, Announces Sale of Construction Program

Oct 25 2006 // Chicago-based Aon Corp. today announced that it has taken further steps to exit its property & casualty underwriting business by signing a letter of intent for the sale of its Construction Program Group (CPG). Aon...

People

Oct 23 2006 // The Allstate Corporation announced a leadership transition, which will occur over the next 18 months. Edward M. Liddy, currently chairman and chief executive officer, plans to step down as CEO at the end of 2006. Thomas J....

Aon’s Rodell named CIAB chairman

Oct 23 2006 // Tom Rodell, resident managing director of Aon Risk Services of San Francisco, has been named the 2007 chairman of The Council of Insurance Agents & Brokers, the first person to serve twice in the key leadership...

Declarations

Oct 23 2006 // Economic outlook “The challenge for both the Federal Reserve Board and the U.S. economy is that this period of sub-par growth is likely to have little impact on inflation and short-term interest rates.” Gail D....

Hurricane risk reduces prospective profit of homeowners insurance

Oct 23 2006 // Increases in homeowners insurance rates have not been sufficient thus far to provide an adequate return on equity on homeowners insurance, making further increases necessary, according to an analysis by Aon Re. With...

Aon Names Aigotti as First CRO

Oct 18 2006 // Chicago-based Aon announced it has named Corporate Treasurer Diane Aigotti to the new position of Chief Risk Officer. Aigotti will work with business units around the world to identify, measure and manage key risks...

Hurricane Risk Reduces Prospective Profit of Homeowners Insurance

Oct 11 2006 // Increases in homeowners insurance rates have not been sufficient thus far to provide an adequate return on equity on homeowners insurance, making further increases necessary, according to an analysis by Aon Re, the...

Aon’s Rodell Named CIAB Chairman

Oct 11 2006 // Tom Rodell, resident managing director of Aon Risk Services of San Francisco, has been named the 2007 chairman of The Council of Insurance Agents & Brokers, the first person to serve twice in the key leadership...

Two to Head Logistics Initiative in Aon’s Chicago Office

Sep 27 2006 // Chicago-based Aon Corporation announced the appointment of Barbara Spain as senior vice president and relationship manager, and Matt Reese as senior vice president and originator, for Aon Risk Services. Both will drive the...

Industry to Congress: Permanent Solution to Terrorism Insurance Vital

Sep 27 2006 // Insurers, agents and business groups called on Congress to create a permanent solution safeguarding the economy against future terrorist attacks at congressional hearing today, “Protecting Americans from Catastrophic...

Aon Re Global Names Richardson to Head Facultative Re Unit

Sep 26 2006 // Aon Re Global has named Elliot Richardson to head its global cedant facultative reinsurance activities. The bulletin noted that Richardson, 34, “has resigned from his role as head of facultative reinsurance at...

Declarations

Sep 25 2006 // “We have survived two devastating storms and I will not allow our citizens to fall victim to fraud or abuse as we rebuild Louisiana. I am pleased that the U.S. Department of Justice and our state Attorney General...