When it comes to the service carriers and brokers provide to today’s risk managers, the quality of that service “stinks,” according to J. Patrick Gallagher Jr., chairman, president and CEO of broker Arthur J. Gallagher & Co. Speaking on a …
The largest association of commercial insurance buyers has stepped-up its opposition to the acceptance of contingent compensation by any agent or broker, calling such compensation “an inherent conflict of interest” in a strongly worded policy restatement. The 10,000-member Risk and …
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 Terrorism Risk,” held jointly by the House Committee on Financial Services Subcommittee …
CHICAGO–Aon Corp. saw its shares leap 15 percent after the world’s second-largest insurance brokerage reported quarterly profits that far exceeded Wall Street’s expectations. Shares in the company, which have lagged since Aon’s broker practices were first called into question by …
Amid Scrutiny, Aon Tops Earnings Estimates With Q1 Profits Up 18% CHICAGO-Aon Corp. saw its shares leap 15 percent after the world’s second-largest insurance brokerage reported quarterly profits that far exceeded Wall Street’s expectations. Shares in the company, which have …
Rex Frazier The Personal Insurance Federation of California announced that Rex Frazier, former California deputy insurance commissioner for policy and research and chief of the Legislative Bureau, has joined PIFC as vice president and general counsel. While serving at the …
Chicago-based Aon Corp. has reported first quarter 2005 net income of $200 million or $0.59 per share, increasing 18% and 16%, respectively, from the first quarter of 2004. Income from continuing operations was $200 million or $0.59 per share compared …
Gregory Case Aon Corporation announced the election of Gregory Case as president and chief executive officer. Case has also been elected to the Aon board of directors. Case succeeds Patrick Ryan, who has served as Aon’s CEO since the company’s …
Gregory Case Chicago-based brokerage giant Aon Corp. elected Gregory Case its new president and CEO and has added him to its board of directors. Case succeeds Patrick Ryan, who has served as Aon’s CEO since the company’s founding. Ryan will …
Debra Richardson The Citizens and Hanover Insurance Companies named Debra Richardson as regional vice president of The Hanover Insurance Company’s Texas region. In this capacity, Richardson will be responsible for all aspects of commercial lines underwriting, distribution, marketing and sales …
