Latest Aon Headlines
All the headlines from our Aon Topic Page, ordered by recency.
Aon Benfield Warns on Perils of European ‘Uncommon’ Storm Tracks
Nov 17 2010 // Aon Benfield has issued a briefing on uncommon European winter storm tracks in conjunction with the University of Cologne. The research points to a lower total number of events in the future, but “indicates intense...
Growth, Stability and Changes in Store for Long Term Care Market
Nov 14 2010 // With the first of 77 million baby boomers nearing retirement age in 2011, assisted living facilities and nursing home facilities will play a more important role than ever before. About three million Americans will require...
Aon Launches Global Energy Risk Engineering Unit
Nov 11 2010 // Aon Risk Solutions, the global risk management business of Aon Corporation, has consolidated its energy risk engineering assets around the world to form a new unit, known as Aon Energy. Aon Energy Risk Engineering will...
Aon Warns Re/insurers of Heightened Rating Agency Scrutiny in Asia
Nov 11 2010 // Aon Benfield announced that it is “advising re/insurers that rating agencies are likely to increase their scrutiny of catastrophe risk in Asia and that many companies will have to make substantial investments to...
Aon Finds Business Interruption Demand Grows, but Insurers Back Off
Nov 10 2010 // Aon came up with the conclusion that although recent events have “increased demand and enquiries for business interruption insurance,” there is a “decreasing appetite of insurers to pay claims for this...
Appel to Leave Aon
Nov 10 2010 // Aon Corp. reported that Andrew Appel, the firm’s chief operating officer, will be leaving the company at the end of the year. The company said that at the present time there are no plans to fill the position upon...
Aon Stresses Actuaries ‘Critical Role’ for Emerging Risks
Nov 9 2010 // In its presentation at the 17th General Insurance Seminar at the Gold Coast in Australia, Aon Benfield highlighted the critical role of actuaries in managing emerging risks for the re/insurance industry. “The...
People
Nov 1 2010 // Liberty Northwest, a Liberty Mutual Agency Markets regional company, appointed Danny R. Schamma to vice president, finance. He will direct the business planning process, oversee financial reporting and analysis, and...
Business Moves
Nov 1 2010 // Ironshore, Distinguished Programs Bermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition vehicle targeting the...
Business Moves
Nov 1 2010 // Aon, Hewitt Associates Aon Corp. said it will cut 1,500 to 1,800 jobs over the next three years after acquiring Hewitt Associates. Aon expects to save $355 million per year, including $280 million per year by eliminating...
272 Die in Indonesia Quake, Tsunami; Aon Benfield Analysis
Oct 27 2010 // The earthquake and the subsequent tsunami, which struck the Mentawai Islands off of the Indonesian island of Sumatra has left at least 272 dead, with over 400 people still reported missing. Indonesian authorities are also...
Aon Reports UK Law Firms Seek Early Renewal for Prof. Indemnity
Oct 21 2010 // Aon has reported that UK law firms have recognized the need to start the renewal process for their professional indemnity (PI) insurance early. Aon said it has “received nearly four times the number of proposals at...
Aon Risk Solutions Names Willett as National Practice Leader
Oct 21 2010 // Aon Risk Solutions, the global risk management arm of Aon Corp., appointed John Willett as the national industry practice leader. Most recently, Willett served as managing director for Aon’s New England office. In...
Insurance Editor Coccia Joins Aon
Oct 20 2010 // Aon Corp. announced the appointment of Regis J. Coccia, a former editor of Business Insurance with 20 years of experience in journalism, as director of marketing and communications. He joins Aon on Nov. 1. In the newly...
Aon Sees Catastrophes, Consolidation, Regulation in Asian Re Market
Oct 19 2010 // Aon Benfield launched a market update for the key Asia Pacific reinsurance hubs of Australia/New Zealand, Japan, Singapore and China at the recently concluded East Asian Insurance Congress (EAIC) in Bali. The announcement...
Ye Joins Aon Benfield China Team
Oct 18 2010 // Aon Benfield announced that it has appointed Helen Ye as executive director and head of catastrophe reinsurance in China. She will be responsible for “developing catastrophe reinsurance business by advising clients...
People
Oct 18 2010 // Insurance broker Marsh has added five industry veterans – four from competing broker Aon – to its private equity and mergers and acquisitions practice. James O’Brien, Jason Hawkins and Craig Warnke join...
People
Oct 18 2010 // Insurance broker Marsh has added five industry veterans – four from competing broker Aon – to its private equity and mergers and acquisitions practice. James O’Brien, Jason Hawkins and Craig Warnke join...
Aon to Cut 1,500 Jobs After Hewitt Merger
Oct 15 2010 // The insurance conglomerate Aon Corp. says it will cut 1,500 to 1,800 jobs over the next three years after acquiring Hewitt Associates. The Chicago company says the cuts and other restructuring will be complete at the end...
Aon: EU’s Environmental Liability Directive May Dominate Hungarian Spill
Oct 7 2010 // “The unfolding disaster in Hungary, in which toxic sludge escaped from a failed reservoir belonging to an industrial company, should serve as a warning to companies with industrial operations in Europe that the...
