Aon News

Aon, JLT, Marsh, Willis Investigated by UK Regulator Probing Aviation Broking

Britain’s financial watchdog is investigating four large insurance brokers over information-sharing on aviation insurance, the companies said, in one of the first cases of its kind by the watchdog. Aon, Jardine Lloyd Thompson (JLT), Marsh and Willis Towers Watson issued statements saying …

Industry’s International Diversity & Inclusion Festival to Be Held Sept. 26-28

The insurance industry’s third annual diversity and inclusion festival, called Dive In, will be held Sept. 26-28 at events across the globe. Marsh, Willis Towers Watson, XL Catlin and Aon are continuing their year-on-year support of the festival and will …

U.S. Weather in March to Cost Insurers More than $2 Billion: Aon

Four severe weather outbreaks in the U.S. throughout March led to extensive damage in the central and eastern parts of the country, costing the insurance industry in excess of US$2.0 billion, according to a report published by Impact Forecasting, Aon …

O’Halleran to Retire from Aon After 37 Years

Aon Benfield, the global reinsurance intermediary and capital adviser of Aon plc, has today announced that Michael O’Halleran is set to retire from the business after 37 years of service. From his founding role as leader of Aon Re at …

Aon Gains Upper Hand in Non-Compete and Poaching Lawsuit vs. Alliant

A legal battle between two insurance brokerages over whether a former employee violated non-compete agreements and poached numerous employees is not over yet but the brokerage bringing the charges has scored key early victories. The lawsuit brought by U.K.-based Aon …

Cat Simulations Test London Insurers’ Vulnerabilities to Next ‘Big One’

A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in London showed. However, capital-raising or asset …

Aon Plc’s Group President McGill Steps Down

Aon plc announced that group president, Steve McGill, is leaving the firm to explore new opportunities. Greg Case, president and CEO of Aon plc, commented: “During his decade at Aon, Steve has developed a well-earned reputation as a tireless innovator on …

Cat Bond Issuance in 2017 Could Approach Record Levels: Aon Report

Total catastrophe bond issuance for calendar year 2016 reached US$5.8 billion – a decrease from US$6.9 billion in 2015 – principally due to ongoing competitive re/insurance market conditions, according to an Aon report. The first quarter of 2016 saw a …

Aon Develops Captive Program for Cyber Risk Transfer

Aon Global Risk Consulting, the risk consulting business of Aon plc, has launched its Cyber Captive Program, which guides companies through a series of steps to help identify, assess and quantify their cyber exposures – ultimately making more informed decisions …

Platt Named COO of Aon Risk Solutions; Moran Is CEO of Aon Inpoint

Aon plc announced the appointment of James Platt as chief operating officer of Aon Risk Solutions and Michael Moran as chief executive officer of Aon Inpoint. Both roles are effective immediately. Platt will be based in London, working closely with …