Latest Aon Headlines
All the headlines from our Aon Topic Page, ordered by recency.
Aon Corp. on WatchNeg
May 21 2001 // The ratings of Aon Corp. and its subsidiaries were put on CreditWatch with negative implications by Standard & Poor’s (S&P) on April 20. The rating action came subsequent to Aon’s announcement that it...
Kevin Brooks to Join Aon as President of P/C Unit for Combined Specialty
May 17 2001 // Aon Corporation announced that Kevin P. Brooks will become president of the specialty property and casualty unit of Combined Specialty Corporation. Brooks was chairman, president and CEO of General Star Management Company,...
CPA2Biz, Aon Corp. Forge Investment Pact
May 4 2001 // CPA2Biz announced a multi-million dollar investment by Aon Corporation. Under the partnership, Aon will provide insurance and related services to certified public accountants, their employers and business clients. In...
Aon Corp. To Spin Off Underwriting Business
Apr 30 2001 // Aon Corporation announced April 20 it was spinning off its underwriting businesses for its common stockholders, forming two separate, publicly traded companies in the process. The spin-off will take the shape of a tax-free...
S&P Places Aon Corp. Ratings on WatchNeg
Apr 21 2001 // The ratings of Aon Corp. (Aon) and fellow subsidiaries were put on CreditWatch with negative implications by Standard & Poor’s (S&P) on April 20. The rating action came subsequent to Aon’s...
Summit Global Partners Enters California, Appoints Former Aon Exec Sands as CEO
Mar 6 2001 // International insurance brokerage and consulting company Summit Global Partners has expanded into California with Russell “Russ” Sands at the helm as Chairman and CEO of Summit Global Partners Insurance...
Aon To Acquire ASI Solutions
Feb 26 2001 // In a move aimed at strengthening its consulting and outsourcing services Aon announced that it has agreed to acquire New York-based ASI Solutions Inc., “a worldwide provider of human resources administration and...
Profits Climb for AON
Feb 9 2001 // Fourth-quarter profits for Aon Corp. rose 29 percent based on higher insurance brokerage commissions and fees. Fourth-quarter operating profits before unusual items were $246 million, or 52 cents per share, meeting...
TAYLOR HAS EYE ON AON
Dec 25 2000 // Max Taylor, who will complete three years in office as chairman of Lloyd’s at the end of this month, will join Aon Corp. beginning Jan. 2, 2001. Taylor is leaving Lloyd’s after a board decision earlier this...
Lloyd’s Chairman Will Join Aon
Dec 12 2000 // Max Taylor, who will complete three years in office as chairman of Lloyd’s at the end of this month, will be joining Aon Corp. beginning Jan. 2, 2001. Taylor is leaving Lloyd’s after a board decision earlier...
IRMG To Sell Business To Aon and Sr. Management
Dec 11 2000 // International Risk Management Group Ltd. a private Bermuda based risk consulting firm, 70 percent owned by Swiss Re and 30 percent by senior management, has agreed to sell its global captive management and risk finance...
Aon Downgraded
Nov 27 2000 // Aon Corporation’s senior debt rating was downgraded from “AA-” to “A+” by Fitch. Also downgraded were Aon’s commercial paper from “F1+” to “F1.” The rating...
AON CUTS 3,000 JOBS
Nov 20 2000 // Aon Corp. reported it will cut 3,000 jobs, or 6 percent of its work force, and take up to $325 million in charges over the next few quarters in an effort to overhaul its operations. Aon’s third-quarter profits rose 1...
Aon Reduces Workforce as Part of Business Plan
Nov 13 2000 // Concurrent with Chicago, Ill.-based Aon Corporation’s recent announcement of third-quarter 2000 earnings, the company laid out a preliminary blueprint for implementation of its “business transformation...
Insurance Broker Aon to Cut 3,000 Jobs
Nov 2 2000 // Aon Corp. reported today it will cut 3,000 jobs, or 6 percent of its work force, and take up to $325 million in charges over the next few quarters in an effort to overhaul its operations. Aon’s third-quarter profits,...
AON, STATE FARM PEN AGREEMENT
Oct 23 2000 // Aon Corp. and State Farm Mutual Automobile Insurance Company have signed an agreement in which State Farm will market commercial insurance specialty products developed and serviced by AON. The products, which will be sold...
AON, State Farm Pen Agreement
Oct 12 2000 // Aon Corp. and State Farm Mutual Automobile Insurance Company have signed an agreement in which State Farm will market commercial insurance specialty products developed and serviced by AON. The products, which will be sold...
AON RE EXECS BUY OUT UNIT
Sep 25 2000 // Former executives at an Aon Re Inc. unit have broken ties with the reinsurance intermediary to start an independent firm. Axiom Intermediaries began operations in Burlington, N.C. as an independent, privately held...
Aon Re Execs Buy Out Unit
Sep 14 2000 // Former executives at an Aon Re Inc. unit have broken ties with the reinsurance intermediary to start an independent firm. Axiom Intermediaries began operations Monday in Burlington, N.C. as an independent, privately held...
Reliance Staves Off Bankruptcy; Troubles Remain
Sep 4 2000 // Reliance Group Holdings Inc. was grant- ed more time from creditors late last month to deal with repaying $237.5 million in bank debt. The troubled insurer said bankers extended the due date to Nov. 10 from Aug. 31. No...
