Latest Aon Headlines

Munich Re, Aon Securitize Japanese Earthquake Risks

May 16 2008 // Munich Re, working with Aon, has arranged a securitization for Japanese insurer Zenkyoren, the National Mutual Insurance Federation of Agricultural Cooperatives, through Muteki Ltd., an exempted company in the Cayman...

Aon Notes Need to Protect Art as Prices of Works Soar

May 15 2008 // A classical nude “Venus” she’s not, but that didn’t seem to matter to whoever paid $33.6 million (£17.2 million) for Lucien Freud’s painting – “Benefits Supervisor...

Liability Costs for Long Term Care Industry Stabilize, Aon Reports

May 13 2008 // An Aon Corp. analysis of liability in the long term care industry found for the first time in nine years of reporting that liability costs are stable on a national average basis. The study found that average general...

Aon Re Global Acquires Peruvian Reinsurance Intermediary Cosegur Re

May 12 2008 // Aon Re Global, a unit of Aon Corporation, announced it has acquired Peruvian reinsurance intermediary Cosegur Re, “offering clients in Peru greater access to worldwide reinsurance markets” and Aon Re...

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May 5 2008 // Patrick G. Ryan, founder and executive chairman Aon Corp., said he intends to retire Aug. 1, 2008. Ryan said the firm’s transition to a new management team under CEO Greg Case is complete. Ryan founded Aon, which has...

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May 5 2008 // Grange Mutual Casualty Co. announced that Randy Montelone will retire at year end after 29 years of service with the company. Tom Welch, current president of Grange Life Insurance Co., a Grange subsidiary, assumes the role...

Aon to Handle Unilever’s Global Business

Apr 29 2008 // Aon Corporation announced that it has formed a global partnership with Netherlands-based Unilever to serve the needs of its business lines worldwide. “The agreement enables Unilever to approach its buying through the...

Aon UK Exec Harmer to Chair London Market Reform Group

Apr 25 2008 // Peter Harmer, Chief Executive of Aon UK, is to become Chairman of the London Market Reform Group (MRG). He succeeds Stephen Matanle, Managing Director of Libero Ventures Ltd. Harmer stated he is “delighted to accept...

Breitstone Named CEO of Aon’s ASPN

Apr 23 2008 // Aon Corp. announced that Peter Breitstone, an independent agent, has been appointed president and chief executive officer of its marketing affiliate to independent agents, Agency Specialty Product Network Insurance...

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Apr 21 2008 // Agency Specialty Product Network, a unit of Aon Corp., has named five new regional vice presidents. Rob Romano will head the Northeast Region, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island,...

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Apr 21 2008 // Novato, Calif.-based Fireman’s Fund Insurance Co. named Michael LaRocco president and CEO. He will report to Chuck Kavitsky, president and CEO of Allianz of America, parent of Fireman’s Fund, and will also...

Aon Re Forecasts ‘Favorable Pricing’ for Mid-year Property Re Renewals

Apr 16 2008 // Pricing is projected to be favorable for traditional property catastrophe reinsurance programs when insurers seek mid-year renewals, according to an analysis conducted by Aon Re Global, a unit of the Aon...

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Apr 7 2008 // Gov. John Baldacci recently swore in Mila Kofman as superintendent of the Maine Insurance Bureau, Kofman has been an associate research professor at the Georgetown University, where she led health-related research projects...

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Apr 7 2008 // The Governing Board of the California Earthquake Authority has hired Glenn A. Pomeroy as CEO. Pomeroy has extensive experience in public service positions, including former commissioner of insurance of North Dakota. In...

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Apr 7 2008 // Patrick G. Ryan, founder and executive chairman of the largest insurance intermediary, Aon Corp., said he intends to retire from Aon effective Aug. 1, 2008. “After 41 years as CEO and three years as executive...

Climate Change Heats Up Insurance Industry

Apr 7 2008 // Greenhouse gases (GHGs) have gotten a bad rap, according to Mark C. Bove, senior research meteorologist, catastrophic risk management for Munich Reinsurance America. Speaking on a panel about climate change at the...

ACE Completes Purchase of Combined from Aon

Apr 2 2008 // ACE Limited announced that it has completed its acquisition of 100 percent of the outstanding shares of Combined Insurance Company of America and certain of its subsidiaries from Aon Corporation for $2.56 billion in cash...

2008 Aviation Outlook Unclear

Mar 31 2008 // Capacity for aviation coverage appears to be increasing, but, as claims are also on the rise, the outlook for the year ahead is not one that is easy to predict. Aon aviation industry analyst, Magnus Allan, commented...

Mar 24 2008 // People Wisconsin-based Wausau Insurance recently announced that Michael Parker has been appointed executive vice president — Field Operations. Parker will have oversight responsibility for all Wausau field sales and...

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Mar 24 2008 // The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is...