Aon News

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 …

Aon Launches Loss Estimating Risk Tool for Oil, Gas and Petrochemical Sectors

Aon Global Risk Consulting, in collaboration with TNO, a research agency, has launched the Aon Loss Estimating Risk Tool (ALERT), a new modelling tool for oil, gas and petrochemical clients. The new tool is able to model the potential financial …

Aon Completes Acquisition of Brazil Health & Benefits Firm, Admix

Aon announced it has completed its acquisition of Admix, the São Paulo, Brazil-based health and benefits brokerage and solutions firm. Financial terms were not disclosed. “Admix’s brokerage and operational platform combined with Aon’s world-class actuarial, brokerage, and consulting capabilities creates the …

2017 Cyber Risks to Intensify as Hackers Become More Cunning: Report

Top cyber threats during 2017 are expected to include nation state cyber espionage, a rise in data integrity attacks and an increase in attacks harnessing Internet of Things (IoT) devices, according to a report published by Stroz Friedberg, an Aon …

Aon Launches Solution to Help Firms Manage Brexit Risks, Opportunities

Aon plc has launched “Brexit Navigator,” a tailor-made solution designed to help organizations quantify the impact of Brexit risk exposures, and redesign their risk management and risk financing structures. Brexit Navigator is supported by an interactive tool that presents scenario-based …