Latest Aon Headlines
All the headlines from our Aon Topic Page, ordered by recency.
States Allow Firms Purchased by Aon to Phase-Out Contingent Commissions
Jun 4 2008 // Insurance broker Aon Corp. reported today that the five government agencies to its 2005 regulatory settlement agreement have agreed to an amendment that will permit companies it acquires to continue to accept contingent...
Storm Ready
Jun 2 2008 // Forecasters predict that the 2008 Atlantic hurricane season will be an active one for hurricane and tropical storm formation. The National Oceanic and Atmospheric Administration’s most recent forecast calls for 12 to...
Storm Ready
Jun 2 2008 // Forecasters predict that the 2008 Atlantic hurricane season will be an active one for hurricane and tropical storm formation. The National Oceanic and Atmospheric Administration’s most recent forecast sees 12 to 16...
Aon Receives Saudi License
May 28 2008 // Aon has been awarded a license from the Saudi Arabian Monetary Authority (SAMA), in accordance with the provisions of the Kingdom’s Insurance Law 2004. The bulletin noted that “Aon has been serving clients in...
London’s City Risks Floods
May 27 2008 // The City of London – a roughly one square mile area along the north bank of the Thames – is the heart of the UK’s financial and insurance industries. So when Aon warned that the area is at risk from flood...
Florida Reaches $4 Million Insurance Settlement with Aon
May 23 2008 // Florida reached a settlement with Aon Corp., after the insurance broker received undisclosed compensation in connection with the placement of insurance coverage on behalf of Florida policyholders, state officials...
Aon Risk Services Adds Scontras as Senior V.P. in New England
May 23 2008 // Aon Risk Services reports that Christopher Scontras has joined the firm’s New England office as a senior vice president. In that role, Scontras is responsible for client development and fulfillment opportunities in...
Aon Re Global Names Thofern as CEO of German Branch
May 21 2008 // Aon Re Global has named Jan-Oliver Thofern as the new CEO and Chairman of its German subsidiary, Aon Ruck, the largest reinsurance broker in the country. He was previously a member of the Company’s Executive...
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...
People
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...
People
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...
People
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,...
People
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...
