Latest Aon Headlines
All the headlines from our Aon Topic Page, ordered by recency.
Aon Names D. Cameron Findlay General Counsel
May 20 2003 // Chicago-based Aon Corp. announced that D. Cameron Findlay, 43, currently the U.S. Deputy Secretary of Labor, will join the company as executive vice president and general counsel Aug. 1. Findlay will succeed Raymond I....
Aon to Sponsor NY Howard University Summer Intern Event
May 15 2003 // Aon announced that it is joining a number of New York area insurance and consulting firms that have teamed up with Howard University to sponsor a special summer intern program designed to encourage highly qualified...
Aon: Personal Lines Had Lowest Earnings Volatility in 2002
May 8 2003 // Aon Corp. announced the results of its 2002 “Property and Casualty Earnings Volatility Study” that highlighted the insurers and reinsurers that were most effective at minimizing the volatility in their...
Aon’s 1stQ Profit Down 5% From Year Ago
May 6 2003 // Chicago-based brokerage Aon Corp. reported quarterly earnings of $152 million, or 48 cents per share, down 5 percent from a year ago’s $160 million, or 57 cents per share. The company, one of the top insurance...
Brief Filed for Sex Harassment Class Action Against Aon Subsidiary
May 5 2003 // A brief filed Friday supporting class certification in sexual harassment and discrimination lawsuit against an Aon subsidiary, Combined Insurance Co. of America, included excerpts from 128 declarations signed by former and...
Aon ASM Relationships Gives Kroll Clients Access to Lloyd’s Kidnap & Ransom Cover
Apr 29 2003 // Kroll Inc. is adding kidnap & ransom (K&R) insurance brokered by Asset Security Managers (ASM), a wholly-owned subsidiary of Aon Limited, based in Chicago. Kroll’s new, non-exclusive arrangement with ASM,...
Aon Removes Two Insiders From Board
Apr 28 2003 // The son of Aon Corp. CEO Patrick G. Ryan and Aon’s general counsel have left the Chicago-based brokerage’s board to be replaced by two outside directors, according to Crain’s Chicago Business. Patrick G....
Aon CEO Ryan Didn’t Get a Bonus in 2002
Apr 15 2003 // Aon Corp. Chairman and CEO Patrick G. Ryan received no bonus or salary increase in 2002, according to the company’s proxy statement filed with the Securities and Exchange Commission. Mr. Ryan, who earned $1.1 million...
U.S. Property Insurance Premiums Beginning to Fall, AON Report Finds
Apr 8 2003 // Rates for U.S. property insurance have begun to drop as insurers compromise to meet their target levels of premium growth. This was one of the main findings from a report published by Aon at this year’s RIMS (Risk...
Aon Says Return on Homeowners Insurance Up but Still Not Earning Its Cost of Capital
Mar 18 2003 // Aon Corporation reports that significant rate and underwriting initiatives in the U.S. homeowners’ insurance marketplace continue to fall short of the cost of capital, in a continuing study of return on capital by...
Aon Re, Impact Forecasting Unveil First Multi-Line Catastrophe Analysis
Mar 12 2003 // Aon Corporation’s subsidiary, Aon Re Inc., in conjunction with its catastrophe modeling unit, Impact Forecasting, recently completed the first probabilistic catastrophe risk analysis of a combined portfolio of life,...
Appeals Court Rules Aon Must Pay $22 Million
Mar 10 2003 // The Illinois Appelate Court has ruled that insurance brokerage giant Aon Corp. must pay $22 million to the family of man killed in a plane crash helmed by the company’s corporate pilot, according to Crain’s...
AON Affirmed
Feb 24 2003 // The “A” (Excellent) financial strength ratings of Aon Corporation’s key insurance underwriting subsidiaries were affirmed by A.M. Best Co. The ratings were held under review with negative implications...
Aon Pulls Down $178 Million in Fourth Quarter
Feb 13 2003 // Aon Corp.’s fourth-quarter net income soared and the company appears to have made a stunning recovery from the impact of the Sept. 11, 2001, attacks on the World Trade Center. The Chicago-based insurance brokerage...
Aon Misses Settlement Talk Deadline in Overtime Wage Suit, Plaintiffs’ Attorneys Say
Feb 12 2003 // Two Texas law firms representing plaintiffs in a class-action suit against Aon Corp. for overtime wage claims said the company failed to meet a Friday deadline to continue negotiations. Edwards & George LLP and...
A.M. Best Affirms Ratings for Aon’s Underwriting Subsidiaries
Jan 28 2003 // A.M. Best Co. has affirmed the A (Excellent) financial strength ratings of Chicago-based Aon Corporation’s key insurance underwriting subsidiaries and removed the ratings from under review. The ratings were placed...
Aon Declares Quarterly Cash Dividend
Jan 21 2003 // Chicago-based Aon Corporation declared a quarterly cash dividend of $0.15 per common share. The cash dividend is payable on Feb. 25 to common stockholders of record at the close of business on Feb. 12.
Aon Study Reports D&O Liability Expenses Hammering Technology Companies
Jan 17 2003 // The chilling effect from last year’s corporate governance scandals has infected the directors’ and officers’ liability insurance market, hitting technology companies especially hard. That is one of the...
Aon Receives First Chinese Foreign Insurance Broker License
Jan 16 2003 // Chicago’s Aon Corp. announced that it has become the first foreign insurance broker to be granted a license for a joint venture partnership by the China Insurance Regulatory Commission (CIRC). The company received...
Aon CFO Harvey N. Medvin to Retire, David P. Bolger Named to Succeed Him
Jan 10 2003 // Aon Corp. announced that longtime CFO Harvey N. Medvin, 66, will retire in April 2003, and will be succeeded by David P. Bolger. “For more than thirty years, Harvey has been a pillar of Aon’s executive...
