Latest Aon Headlines
All the headlines from our Aon Topic Page, ordered by recency.
Aon Sells Combined to ACE for $2.4 Billion; Sterling to Munich Re
Dec 17 2007 // Bermuda-based ACE Limited and Germany’s Munich Re have both signed deals with Aon to purchase part of the international broker’s insurance activities. ACE is buying accident and health provider Combined...
Munich Re to Acquire Aon’s Healthcare Insurer Sterling for $352 Million
Dec 17 2007 // Munich Re is also buying a slightly smaller piece of Aon (See previous article). The world’s second largest reinsurer announced that it has concluded an agreement with Aon to acquire 100 percent of Sterling Life...
Most Global Organizations Lack Fully Integrated Enterprise Risk
Dec 2 2007 // Even as government regulators and corporate stakeholders demand companies do more to address and mitigate enterprise-wide risks, only one in 10 companies in the Americas and Europe has fully integrated an enterprise risk...
Aon eSolutions Group Names Holden Chief Information Officer
Nov 30 2007 // Aon eSolutions Group, a unit of Aon Corp. recently announced that 18-year insurance technology veteran Paul Holden, has joined Aon eSolutions as chief information officer. With more than 18 years of experience in...
Aon Construction Services Group Adds Four
Nov 29 2007 // Aon Corp. announced that Michael R. Szot, Jim Reilly, Gary L. Stevens and Micah Chen have joined Aon Construction Services Group, all to be based in Los Angeles. “These individuals instantly enhance our profile...
Aon Risk Services Names Johnson Resident Managing Director in Portland
Nov 21 2007 // Aon Risk Services, the retail brokerage and risk management arm of Aon Corp., appointed Peter Johnson resident managing director of the ARS office in Portland, Ore. upon the retirement of Douglas Stirling, effective Jan....
Aon Cutting 2,700 Jobs in Overhaul Aimed at Saving $240 Million Annually
Nov 18 2007 // Insurance brokerage Aon Corp., faced by fierce competition and falling rates, said Wednesday it will cut 2,700 jobs as part of a restructuring plan that will eventually save it about $240 million a year. The elimination of...
Aon: Most Global Organizations Lack Fully Integrated ERM Strategies
Nov 15 2007 // Even as government regulators and corporate stakeholders demand companies do more to address and mitigate enterprise-wide risks, only one in 10 companies in the Americas and Europe has fully integrated an enterprise risk...
People
Nov 4 2007 // Valiant Insurance Group Inc. announced that John N. DiBlanda has joined its U.S. property and casualty insurance operations as chief financial officer and chief operating officer. Prior to joining Valiant, DiBlanda served...
People
Nov 4 2007 // Austin, Texas-based Medicus Insurance appointed John Flanagan as its new Regional Market manager for the Midwest. Flanagan will be based in Chicago. Flanagan brings over five years of experience in the professional...
Homeowners insurers not earning cost of capital despite modest rate increases
Nov 4 2007 // The countrywide prospective return on equity for the homeowners line of insurance for 2007 is 7.0 percent, up from 5.4 percent in 2006, according to an analysis by Aon Re Global, a unit of Aon Corp. The year-over-year...
Aon Cutting 2,700 Jobs in Overhaul Aimed at Saving $240M Annually
Nov 2 2007 // Insurance brokerage Aon Corp., faced by fierce competition and falling rates, said Wednesday it will cut 2,700 jobs as part of a restructuring plan that will eventually save it about $240 million a year. The elimination of...
Homeowners Insurers Not Earning Cost of Capital Despite Rate Increases
Oct 24 2007 // The countrywide prospective return on equity for the homeowners line of insurance for 2007 is 7.0 percent, up from 5.4 percent in 2006, according to an analysis by Aon Re Global, a unit of Aon Corp. The year-over-year...
AIG’s Willett To Manage Boston Office for Aon Risk Services
Oct 19 2007 // Aon Risk Services, the retail brokerage and risk management arm of Aon Corp. , announced that John G. Willett has joined the company’s Boston office as managing director. He is a member of the leadership team and...
Aon Places $260 Million Japanese Quake Cat Bond
Oct 18 2007 // Aon Corp. announced that its investment banking group, Aon Capital Markets, has successfully completed the private placement of $260 million of principal at-risk variable rate notes for MIDORI Ltd. The placement provides...
Aon Appoints Wada as New ‘Chief Diversity Officer’ – Asia Pacific
Oct 4 2007 // Aon Corp. announced from its Hong Kong office that Randy Wada, CEO of Aon Japan, has been appointed Chief Diversity Officer for Asia Pacific and will serve on the company’s global diversity advisory board. Aon...
Aon Expands RI3K ‘Paperless’ Trading
Sep 21 2007 // London-based “paperless” trading service RI3K announced that Aon has now been expanded the use of the program to include the specialty and direct divisions as well as treaty reinsurance. The move assures that a...
Aon Appoints Roberts ‘Global Practice Leader’ for Power
Sep 13 2007 // Aon Corporation has appointed Hamish Roberts as Global Practice Leader for its power business. He will lead the global power strategy with an immediate focus on building Aon’s strength and capabilities in the...
Aon Re Global Releases Reinsurance Market Update
Sep 11 2007 // Aon Re Global announced from the Reinsurance Rendezvous in Monte Carlo that it has released its sixth annual Reinsurance Market Update. Among the highlights included in the publication, Aon cited the following: —...
