Latest Aon Headlines
All the headlines from our Aon Topic Page, ordered by recency.
Summit Global Partners Enters California, Appoints Former Aon Exec Sands as CEO
Mar 6 2001 // International insurance brokerage and consulting company Summit Global Partners has expanded into California with Russell “Russ” Sands at the helm as Chairman and CEO of Summit Global Partners Insurance...
Aon To Acquire ASI Solutions
Feb 26 2001 // In a move aimed at strengthening its consulting and outsourcing services Aon announced that it has agreed to acquire New York-based ASI Solutions Inc., “a worldwide provider of human resources administration and...
Profits Climb for AON
Feb 9 2001 // Fourth-quarter profits for Aon Corp. rose 29 percent based on higher insurance brokerage commissions and fees. Fourth-quarter operating profits before unusual items were $246 million, or 52 cents per share, meeting...
TAYLOR HAS EYE ON AON
Dec 25 2000 // Max Taylor, who will complete three years in office as chairman of Lloyd’s at the end of this month, will join Aon Corp. beginning Jan. 2, 2001. Taylor is leaving Lloyd’s after a board decision earlier this...
Lloyd’s Chairman Will Join Aon
Dec 12 2000 // Max Taylor, who will complete three years in office as chairman of Lloyd’s at the end of this month, will be joining Aon Corp. beginning Jan. 2, 2001. Taylor is leaving Lloyd’s after a board decision earlier...
IRMG To Sell Business To Aon and Sr. Management
Dec 11 2000 // International Risk Management Group Ltd. a private Bermuda based risk consulting firm, 70 percent owned by Swiss Re and 30 percent by senior management, has agreed to sell its global captive management and risk finance...
Aon Downgraded
Nov 27 2000 // Aon Corporation’s senior debt rating was downgraded from “AA-” to “A+” by Fitch. Also downgraded were Aon’s commercial paper from “F1+” to “F1.” The rating...
AON CUTS 3,000 JOBS
Nov 20 2000 // Aon Corp. reported it will cut 3,000 jobs, or 6 percent of its work force, and take up to $325 million in charges over the next few quarters in an effort to overhaul its operations. Aon’s third-quarter profits rose 1...
Aon Reduces Workforce as Part of Business Plan
Nov 13 2000 // Concurrent with Chicago, Ill.-based Aon Corporation’s recent announcement of third-quarter 2000 earnings, the company laid out a preliminary blueprint for implementation of its “business transformation...
Insurance Broker Aon to Cut 3,000 Jobs
Nov 2 2000 // Aon Corp. reported today it will cut 3,000 jobs, or 6 percent of its work force, and take up to $325 million in charges over the next few quarters in an effort to overhaul its operations. Aon’s third-quarter profits,...
AON, STATE FARM PEN AGREEMENT
Oct 23 2000 // Aon Corp. and State Farm Mutual Automobile Insurance Company have signed an agreement in which State Farm will market commercial insurance specialty products developed and serviced by AON. The products, which will be sold...
AON, State Farm Pen Agreement
Oct 12 2000 // Aon Corp. and State Farm Mutual Automobile Insurance Company have signed an agreement in which State Farm will market commercial insurance specialty products developed and serviced by AON. The products, which will be sold...
AON RE EXECS BUY OUT UNIT
Sep 25 2000 // Former executives at an Aon Re Inc. unit have broken ties with the reinsurance intermediary to start an independent firm. Axiom Intermediaries began operations in Burlington, N.C. as an independent, privately held...
Aon Re Execs Buy Out Unit
Sep 14 2000 // Former executives at an Aon Re Inc. unit have broken ties with the reinsurance intermediary to start an independent firm. Axiom Intermediaries began operations Monday in Burlington, N.C. as an independent, privately held...
Reliance Staves Off Bankruptcy; Troubles Remain
Sep 4 2000 // Reliance Group Holdings Inc. was grant- ed more time from creditors late last month to deal with repaying $237.5 million in bank debt. The troubled insurer said bankers extended the due date to Nov. 10 from Aug. 31. No...
Aon Will Provide Claims Administration Services for Reliance
Aug 30 2000 // Aon Corp. has entered into an agreement with Reliance Group Holdings to provide claims management services for the majority of Reliance’s outstanding insurance policies. Under the terms of the agreement, Aon and its...
Aon Unit Lines Up First Car Loan Securitization
Aug 10 2000 // The “DART 2000-1” offering will likely feature four senior tranches: a $190 million Class A1, a $274 million Class A2, $168 million Class A3 and $83 million Class A4. The deal will likely be structured with a...
Aon Reports Q2 Earnings
Aug 2 2000 // Aon Corporation has reported dilutive net income per share of $0.49 for the quarter ended June 30, 2000, compared with $0.57 in the second quarter of 1999. Second quarter revenues increased 6% to $1.8 billion versus the...
Aon Profits Fall
May 5 2000 // First-quarter operating profit fell to 47 cents per share from 58 cents one year ago, hitting analyst forecasts. Net profit rose to 47 cents per share from 19 cents this time last year, while revenues rose 7 percent to a...
Aon Introduces New Risk Transfer Service
Feb 21 2000 // Aon Corp. introduced a “new risk transfer service that for the first time allows companies to secure in excess of $100 million of blanket protection to recover damages or enforce rights for patents, trademarks,...
