Greg Case News

Aon Sells Outsourcing Platform to Focus on Data, Analytics Investments

Aon announced it has completed the sale of its benefits administration and HR business process outsourcing (BPO) platform to private equity funds affiliated with New York-based Blackstone for a cash consideration of $4.3 billion at closing, and an additional consideration …

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 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 …

‘Brexit’ Would Damage UK’s Leadership Position in Insurance: Aon

Aon Plc Chief Executive Officer Greg Case, who moved the insurance broker to London from Chicago four years ago, said the U.K.’s centuries-long leadership in the industry would be damaged if voters choose to leave the European Union. “The U.K. …

Aon Reports 4% Drop in Q1 2016 Net Income to $315 Million

London-based Aon plc reported net income attributable to Aon shareholders of $315 million, or $1.15 per share, during the first quarter ending March 31, which is down 4 percent from $328 million, or $1.14 per share, from the same period …

Lloyd’s Profit Drops 30% in 2015 on Weak Prices and Lower Investment Income

Lloyd’s of London reported a 30 percent drop of full-year profit as the world’s largest insurance market was hurt by continued pressure on pricing and the lowest investment returns since at least 2001. Earnings declined to 2.1 billion pounds ($3 …

Chinese Industrial Firms Will Lead Insurance M&A in 2016, to Grow Beyond Asia

China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic economy slows and falling insurance rates prompt more firms to do deals, according to Willis Towers Watson Plc. “We’ve been …

Aon Reports $328M in Q1 Net Income, Compared to $325M in Q1 2014

Aon plc reported net income attributable to Aon shareholders of $328 million, or $1.14 per share, compared to $325 million, or $1.06 per share, for the prior year quarter. Net income per share attributable to Aon shareholders, adjusted for certain …

Aon Touts Sidecar with Berskhire Hathaway That Was Criticized by Lloyd’s

Aon Plc, the broker that was criticized by Lloyd’s of London for a deal with Warren Buffett’s Berkshire Hathaway Inc., said the relationship actually helps make the U.K. insurance market more attractive. “It has reinforced the value proposition of London,” …

Gala, Insurance Industry Raise $2 Million for City of Hope

The National Insurance Industry Council raised more than $2 million this year in the ongoing battle to cure cancer and diabetes, it was announced Monday. A large portion of the funds were raised by the City of Hope’s Spirit of …