Latest Aon Headlines
All the headlines from our Aon Topic Page, ordered by recency.
Aon Unveils Two New Workers Comp Models for Earthquakes and Terrorism + James Bond
Nov 18 2002 // Aon Corp.’s subsidiary, Aon Re Inc., has unveiled two timely new models for workers’ compensation catastrophes. One covers all significant U.S. earthquake regions, and the second analyzes terrorism exposures...
Axis Specialty to Buy Aon’s P/C Underwriting Unit
Nov 15 2002 // Aon has agreed to sell its Sheffield Insurance Corporation, a specialty property and casualty insurance subsidiary, to Bermuda’s Axis Specialty Limited for an undisclosed price, subject to regulatory approval. Aon...
S&P’s Affirms Aon Cap-Related Deals
Nov 12 2002 // Standard & Poor’s Ratings Services affirmed its ratings on various synthetic transactions related to Aon Capital A, and removed them from CreditWatch with negative implications, where they were placed on Nov. 4,...
Aon Raises $550 Million in Share Sale, $250 Million on Bonds
Nov 5 2002 // Chicago-based Aon Corporation took a couple of giant steps toward its goal of raising $1 billion in new capital, with the successful sale of 32 million shares of stock at $17.18 per share it raised $550 million, $50...
S&P’s Places Aon Corp. Ratings on CreditWatch Negative
Nov 1 2002 // Standard & Poor’s has placed its ratings on Aon Corp., including its single-‘A’-minus counterparty credit rating, on CreditWatch with negative implications following the company’s third-quarter...
Aon CEO Reports ‘Excellent Progress in Brokerage Segment’
Oct 31 2002 // Aon Corp. reported third quarter 2002 earnings increased to $0.46 per share from $0.26 per share in third quarter 2001. Operating segment reported revenues for third quarter were up 17 percent year-over-year reflecting...
AON STUDY REPORTS HOMEOWNERS MARKETPLACE STILL NOT EARNING ITS COST OF CAPITAL
Oct 28 2002 // Aon Corporation announced the results of Aon Re Worldwide’s comprehensive study of the U.S. homeowners marketplace. The results of the study reveal that the homeowners insurance industry, despite recent rate and...
Aon Notes Senior Management Changes at Swett & Crawford
Oct 22 2002 // Aon Corp. announced several senior management changes within Swett & Crawford Group Inc., the largest wholesale insurance broker in the United States. David Hartoch will retire as chairman and chief executive officer...
Aon Risk Management Program Wins Chicago Innovation Award
Oct 8 2002 // Aon announced that its “Wired for Growth” risk management program has been named among the top ten winners of the 2002 Chicago Innovation Award. “This is the second recognition the Wired for Growth...
Report Near North Sues Aon over Approaches to Clients
Oct 7 2002 // According to a report appearing on the Web site of the Chicago Tribune, Near North Insurance (NNI) has filed a lawsuit directly against Aon, alleging that former NNI employees, who had joined Aon, used proprietary...
Segal Files $700 Million Lawsuit Against Aon, Former Near North Employees
Oct 4 2002 // Michael Segal, the founder and former CEO of Chicago-based broker Near North Insurance, has filed a lawsuit in Cook County Circuit Court seeking a total of $700 million in damages from six former employees who joined Aon,...
Aon Study Reports Homeowners Marketplace Still Not Earning Its Cost of Capital
Oct 4 2002 // Aon Corporation announced the results of Aon Re Worldwide’s comprehensive study of the U.S. homeowners marketplace. The results of the study reveal that the homeowners insurance industry, despite recent rate and...
Aon Completes $1.450B Reinsurance Program for State Compensation Fund of Calif.
Sep 13 2002 // Aon Corporation announced that its global reinsurance intermediary, Aon Re Worldwide, has completed a major excess of loss reinsurance program for the State Compensation Insurance Fund of California. The transaction...
Aon Leases New Space in Manhattan
Sep 5 2002 // Aon Corporation announced the completion of negotiations to secure new permanent office facilities in New York City. On Aug. 28, 2002 Aon reached an agreement with Resnick Seaport, LLC of New York to lease approximately...
CSG Under Review
Sep 2 2002 // A.M. Best Co. placed the financial strength ratings (FSR) of the insurance subsidiaries operating within Combined Specialty Group Inc. (CSG) under review with negative implications. The rating action follows Aon...
CSG Under Review
Sep 2 2002 // A.M. Best Co. placed the financial strength ratings (FSR) of the insurance subsidiaries operating within Combined Specialty Group Inc. (CSG) under review with negative implications. The rating action follows Aon...
Aon Names David Thompson VP, Al Orendorff New PR Director
Aug 30 2002 // Aon Corporation announced that David C. Thompson has joined Aon Re US as VP in their San Francisco office, and that Al Orendorff has been named to the newly created position of director of public relations. Thompson, who...
Two More Law Firms File Class Action Suits Against Aon
Aug 23 2002 // The law firm of Pomerantz Haudek Block Grossman & Gross LLP, which has offices in New York and Chicago, and the Pennsylvania-based law firm of Marc S. Henzel both announced that they have filed legal actions in U.S....
Another Class Action Lawsuit Filed Against Aon
Aug 21 2002 // The New York law firm of Wechsler Harwood Halebian & Feffer announced that it has filed a class action lawsuit in Federal Court in Illinois on behalf of shareholders against Aon Corp., following revelations of...
Look Out Aon – Here Come the Lawyers
Aug 19 2002 // Aon’s recent revelations of “financial irregularities,” while not in a class with Enron or WorldCom, have drawn the inevitable wolf pack to the scent of blood. Late last week two prominent law firms,...
