Latest Aon Headlines

Aon Completes Acquisition of Benfield; Restructuring Includes Layoffs

Dec 1 2008 // Aon Corp. has completed its $1.43 billion acquisition of Benfield Group Limited, creating Aon Benfield, reinsurance intermediary and capital advisor, which will launch on Dec. 1. “The completion of this transaction...

Aon Outlines Insurance Program for Troubled Financial Assets

Nov 30 2008 // In testimony in mid-November before the House Committee on Financial Services in Washington, D. Cameron Findlay, executive vice president and general counsel of Aon Corp., urged the U.S. Department of Treasury to address...

Aon Notes M&A Activity Produces Increased Warranty Claims

Nov 25 2008 // A bulletin from Aon’s London office concerning mergers and acquisitions states that “sellers are facing a new hurdle as buyers are increasingly seeking to recover damages for financial discrepancies on the cusp...

S&P Affirms Aon’s ‘BBB+’ Ratings; Removed from CreditWatch/Negative

Nov 24 2008 // Standard & Poor’s Ratings Services has affirmed its ‘BBB+’ counterparty credit and senior unsecured debt ratings on Aon Corp. and has removed the ratings from CreditWatch, where they had been placed...

Aon Outlines Insurance Program for Troubled Financial Assets

Nov 18 2008 // In testimony today before the House Committee on Financial Services in Washington, D.C., D. Cameron Findlay, executive vice president and general counsel of Aon Corp., urged the U.S. Department of Treasury to address what...

Business Moves

Nov 2 2008 // Arthur J. Gallagher, Fuller & O’Brien Insurance brokerage firm Arthur J. Gallagher & Co. has acquired Albany, New York-based insurance broker Fuller & O’Brien Inc. for an undisclosed sum. Fuller...

Nov 2 2008 // Aon Consulting announced that Mark Arian has joined the firm as executive vice president and leader of the Aon Consulting Corporate Transactions group, focusing on mergers and acquisitions. Arian and his team will be...

Aon Selling Auto Insurance Broker in California to Mercury General

Nov 2 2008 // Mercury Casualty Co., the largest insurance subsidiary of Los Angeles-based Mercury General Corp., agreed to buy Auto Insurance Specialists Inc. from Aon Corp. AIS is an independent broker and producer of automobile...

Nov 2 2008 // Pete Garvey, current president of Integro Ltd., assumed the additional responsibility of CEO for the insurance broker, succeeding Roger Egan, who has left the company. Garvey has served as president of Integro since 2005....

Aon Reports 6% Revenue Boost in Q3

Oct 31 2008 // Aon Corp., the world’s largest insurance brokerage by assets, posted better-than-expected quarterly profit Friday, helped by growth in fees and commissions. Excluding items, profit from continuing operations rose 33...

Aon Consulting Worldwide Appoints Health and Benefits Practice Leader

Oct 29 2008 // Aon Consulting Worldwide, the global human capital consulting organization of Aon Corp., has appointed Michael Hilton senior vice president, Health and Benefits Practice leader of the San Francisco office. Hilton has more...

Aon Redomiciles White Rock RRG from Gibraltar to Malta

Oct 28 2008 // Aon announced that part of its White Rock operation, described as a “unique group of insurance and reinsurance vehicles with operations in key domiciles including Bermuda, Gibraltar, Guernsey and Luxembourg,”...

Aon Limited Appoints Chief Risk Officer

Oct 28 2008 // Aon Limited, the broker’s UK-based operation, has appointed Pauline Colvin as chief risk officer. She was previously chief risk officer for Skandia, group risk director at Royal & SunAlliance and director of...

Aon Consulting Names Longiotti as Central West Regional Director

Oct 24 2008 // Aon Consulting, the global human capital consulting organization of Aon Corp., announced that Chuck Longiotti has joined the firm as regional director of the Central West region. He will be based in Irvine, Calif., and...

Aon Announces Products Geared to Economic Crisis

Oct 20 2008 // Aon Risk Services announced that it has “developed a range of new products to respond to the recent economic volatility. The series of product suites is designed to help companies mitigate and deal with the risks...

People

Oct 20 2008 // Calabasas, Calif.-based Lionheart Insurance Services hired Pat Piccinonno and Joe Weckerle Jr. to head its newly opened Irvine, Calif., office. Piccinonno, appointed president, has 35 years of insurance management and...

Aon Consulting Adds Heck in Houston Office

Oct 17 2008 // Aon Consulting Worldwide announced that Debi Heck has joined its Health & Benefits practice as a national expert on wellness and population health management. She is based in the Houston office. Heck brings 18 years...

Aon Selling Auto Insurance Broker in California to Mercury General

Oct 15 2008 // Mercury Casualty Co., the largest insurance subsidiary of Los Angeles-based Mercury General Corp., has agreed to buy Auto Insurance Specialists Inc. from Aon Corp. AIS is an independent broker and major producer of...

Aon: Bermuda Markets Introduce Single Excess Follow Form

Oct 13 2008 // Aon Corp. announced that key general liability insurance markets in Bermuda have for the first time agreed to accept a single excess follow form from Aon. The form will provide Aon’s clients “with greater...

Aon Calls for New Supply Dynamic in Global Food Sector

Oct 8 2008 // Aon has called for a “new supply dynamic in the food and beverage industry, one that is set within a more robust, productive and sustainable framework,” said a bulletin issued from the broker’s London...