Latest Aon Headlines

Aon Names Meissner Global Controller

Dec 29 2008 // Chicago-based Aon Corp., a global provider of risk management and human capital consulting services, recently announced the appointment of Laurel Meissner, a former financial executive from Motorola, as senior vice...

2008: Busy Year for Mergers, Big and Small

Dec 21 2008 // A lot happened in the world of insurance agency/brokerage mergers and acquisitions in 2008. Willis made the biggest slash with its $2.1 billion acquisition of Hilb Rogal & Hobbs Co. (HRH), one of the world’s...

Aon Highlights ‘Emerging Risks’ for UK Businesses

Dec 17 2008 // Aon has issued a warning from its London office to UK companies, which indicates that they may “face new insurance claim burdens in 2009 with fraud on the increase and spiraling legal fees.” Aon also said that,...

Aon Names Finnamore for Risk Management in Far East, Asia, Australia

Dec 15 2008 // Aon Corp. announced that Jim Finnamore will join the firm in January as regional director of Aon Environmental Services Group, Asia-Pacific. He will be based in Singapore and will coordinate the delivery of the...

Aon Launches ‘Loss of Earnings’ Piracy Insurance Policy

Dec 4 2008 // Aon’s specialty group announced from London that it has launched a new insurance policy for charterers, shipowners and cargo owners to cover loss of earnings from a ship being detained by pirates. Aon noted:...

Aon Launches New Global Specialty Business Unit

Dec 2 2008 // Following the closing of its acquisition of the UK-based Benfield Group, Aon has announced that it has created a new global specialty business unit – Aon Specialty. The bulletin described the new operation as...

Aon Appoints Lawson to Head UK Trade Credit

Dec 1 2008 // Stuart Lawson has been appointed head of Aon Trade Credit (ATC), the UK’s leading credit insurance broker. He will service existing clients as well as seeking new business, “in an era when credit insurance has...

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...