Latest Aon Headlines
All the headlines from our Aon Topic Page, ordered by recency.
Aon, CSC Ink $600 Million IT Outsourcing Deal
Jul 22 2004 // California-based Computer Sciences Corporation has signed a seven-year contract worth approximately $600 million to provide Chicago-based Aon Corporation’s U.S. operations with information technology (IT)...
Aon’s Scarborough Partners with CNA to Offer P/C Coverage to Financial Institutions
Jun 23 2004 // scarborough, a subsidiary of Aon Corp., announced that it has established a “new business relationship with CNA, one of the nation’s leading business insurers, to offer property and casualty insurance to...
Aon Study Finds 2003 P/C Earnings Volatility Lower
Jun 21 2004 // Aon Corporation announced that the results of its 2003 P/C Earnings Volatility Study showed that insurers and reinsurers were more effective at minimizing earnings volatility in 2003. “The study measures earnings...
Akzo’s Nobilas to Acquire Aon’s UK Auto Repair Unit
Jun 1 2004 // The Netherlands’ Akzo Nobel announced that its Nobilas Claims & Fleet solutions business has agreed to acquire the UK-based Aon Motor Accident Management company (AMAM), which it described as “the number...
Aon to Outsource Most U.S. IT Infrastructure to CSC
May 25 2004 // Aon Corp. and California-based Computer Sciences Corp. (CSC) announced that they have agreed to negotiate the outsourcing of the majority of Aon’s U.S. information technology (IT) infrastructure. The transition to...
Insurers Prepare for a Post-TRIA World; ‘Baby Steps’ Toward Federal Regulation
May 17 2004 // Property/casualty insurers are coming to grips with the fact that a government-sponsored terrorism insurance backstop could expire at the end of next year, which would send pricing shockwaves through the market. Carriers...
Best Announces Ratings Actions on Aon Subsidiaries
May 12 2004 // A.M. Best Co. has taken a number of rating actions concerning several subsidiaries of Aon Corp. It affirmed the financial strength ratings of “A” (Excellent) of Aon’s life/health operations–Combined...
Aon’s P/C Operations Downgraded
May 12 2004 // Insurer ratings agency A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) of Chicago-based Aon Corp.’s life/health operations—Combined Insurance Company of America (CICA) and...
N.Y. Attorney General Spitzer Targets Insurance Broker Compensation Agreements
Apr 23 2004 // Marsh& McLennan, Willis Group and Aon Corporation have confirmed that they have received subpoenas from New York Attorney General Eliot Spitzer. The subpoenas are seeking information as part of a preliminary inquiry...
Aon Reports US Commercial Property Rates Drop 10%
Apr 20 2004 // A study by Aon, released to coincide with the RIMS conference in San Diego, has determined that an average reduction of around 10 percent has occurred in U.S. Commercial property rates. Willis and the CIAB also issued...
Aon Acquires RiskLabs
Mar 24 2004 // Chicago-based brokerage giant Aon Corp. has purchased Risk Laboratories LLC from American Home Assurance Co. Founded in 1994 and based in Atlanta, Ga., RiskLabs provides risk information services and analytics to corporate...
Aon to Push Middle-Market Captives
Mar 11 2004 // Chicago-based brokerage giant Aon Corp. has formed Aon Alternative Risk Underwriting (ARU), a managing general underwriter that provides group captive solutions for middle-market U.S. companies. Working through independent...
Aon Creates New Practice for Public Entities Consulting
Mar 10 2004 // Aon announced the creation of a State and Local Government (SALG) consulting practice. The SALG practice will offer employee benefits and human capital consulting solutions and services to a wide variety of public sector...
Aon/Albert G. Ruben Releases Global Risks in Filmmaking Map
Feb 19 2004 // Aon/Albert G. Ruben, an insurance broker for the entertainment industry, released its Global Risks in Filmmaking map that measures major risks, including crime, organized crime and corruption, kidnap and ransom, disease...
Aon’s Profit Up 20%
Feb 17 2004 // Chicago-based brokerage giant Aon Corp. said its profit was up 20 percent in 2003, from $1.64 per share to $1.97 per share. Fourth-quarter net income per share was 67 cents, compared to 59 cents in 2002. Fourth-quarter net...
Aon Looking to Sell Cananwill
Feb 16 2004 // Chicago-based brokerage giant Aon Corp. is looking to sell Cananwill Inc., a Philadelphia-based unit that loans money to businesses to purchase commercial insurance, according to Crain’s Chicago Business. Aon has...
Aon: Hospital Pro Liability, Physician Benchmark Study Forecasts Continued Loss Cost Increase for the Year
Jan 28 2004 // The high trend of insurance rates experienced by hospital professionals and physicians over the past three years show no sign of slowing in 2004 as claims costs are increasing at a steady rate of 9.7 percent according to...
The Strange Saga of Near North National Group’s Michael Segal
Jan 26 2004 // Powerful Friends, Enemy Insiders and Embezzlement Charges We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John...
The Strange Saga of Near North National Group’s Michael Segal
Jan 26 2004 // Powerful Friends, Enemy Insiders and Embezzlement Charges We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John...
The Strange Saga of Near North’s Michael Segal
Jan 12 2004 // We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John Hancock Tower. The group’s subsidiary, Near North...
