Aon
Aon is a global professional services firm providing a broad range of risk, retirement and health solutions. Employing 50,000 colleagues in 120 countries Aon seeks to use proprietary data and analytics to deliver insights that reduce volatility and improve performance.
Aon’s fast-paced growth began in 1982 when the Ryan Insurance Group merged with Combined International Corporation.
Throughout the 1980s and 1990s, acquisitions and organic growth fueled Aon’s expansion in the global insurance marketplace. Buys have included Minet Group, Alexander & Alexander [both in 1997] and Benfield [2008].
Aon reports third quarter growth
Aon has reported a 51% increase in total revenue to $2.7bn (£1.7bn) for the third quarter of 2011 compared to the same period of 2010.
Jardine Matheson increases JLT stake to 40%
Jardine Matheson’s bid for a 10% increase in its shareholding of JLT has won both shareholder and regulatory support.
UK Broker Conference 2011: leaders need a long-term perspective
Brokers need to focus on their value proposition, have a long-term perspective and refuse to accept the status quo, if they are to be industry leaders, according to Aon's Lambros Lambrou.
Boardroom shuffle at Ryan Speciality following Jubilee purchase
Ryan Specialty Group (RSG) has announced a number of board changes following the completion of the Jubilee Group Holdings acquisition.
Marsh reveals new COO
Insurance broking giant Marsh has appointed Bill Pieroni to the role of chief operating officer.
Broker Expo South: Brokers learn about diversification
Delegates at Insurance Age’s inaugural Broker Expo South heard from Roger Oldham, managing director of Amethyst Business Consulting, as he explained the opportunities and dangers to brokers looking to expand their businesses through diversification.
Cooper Gay creates senior IT post
Cooper Gay Swett & Crawford (CGSC) has appointed Brent Kruger as its first group chief information officer.
JLT not for sale, blasts Burke
Dominic Burke, chief executive officer at JLT, has moved to quash market rumours that JLT could be purchased, by anyone.
Burke predicts interim profits at Thistle in 2012
Chief executive of JLT, Dominic Burke, has predicted that Thistle Insurance will beat its 2010 full year trading profit of £4.8m this year.
Regional brokers win business because of service, says study
Just under half of commercial insurance clients prefer to work with regional brokers, according to findings from Pearlfinders Risk Index.
Aon makes three internal appointments to Risk Solutions business
Aon Risk Solutions has appointed three new insurer relationship managers for Aon GRIP Solutions in the UK.
Lawyers issue warnings after Willis’ record £6.9m fine
Following Willis’ record £6.9m anti-bribery fine from the Financial Services Authority (FSA), the legal profession has warned insurance brokers on the need to have and implement relevant policies and procedures.
Sandy Scott takes Achievement Award at 2011 British Insurance Awards
Sandy Scott, chief executive, Chartered Insurance Institute, was given the Achievement Award at the British Insurance Awards at the Royal Albert Hall in front of 1800 fellow industry professionals.
Travelers creates two further senior underwriting roles
Travelers Insurance Company has appointed two new chief underwriting officers (CUO)to its UK business.
New chairman for Howden
Howden Insurance Brokers has appointed Lorraine Adlam as chairman.
Crisis Survivor enters administration owing over £300,000
Crisis Survivor, the risk management and business continuity specialist, has gone into receivership, leaving 38 creditors and debts of £312,599.
Biba 2011: Contingent Commissions not a “big deal” for Aon
Aon president Greg Case has stressed the issue of contingent commissions in the US were never a major issue as the broker instead focuses on “transparency” it offers its clients.
Market moves: a clean swoop is the trend for teams
It used to be that individuals would leave one company to join another and miraculously several colleagues would appear by their side a few months later.
Aon survey ranks top 10 business risks
Global business leaders identified economic risk as the greatest threat they faced today, according to the findings of Aon’s 2011 Global Risk Management Survey.
Regulatory burden on brokers is heavier than tax
The British Insurance Brokers’ Association (Biba) has warned that the regulatory burden imposed by the Financial Services Authority (FSA) on the insurance broking sector is a greater competitive disadvantage than the amount of corporation tax it pays.
New player enters high end liability market
Lloyd’s broker Kite Warren & Wilson (KWW) is targeting the high end SME asset manager and Lloyd’s managing agents market with a suite of new liability products.
Regulation costs three times more in UK than rest of EU
The British Insurance Brokers’ Association (Biba) has made the first real attempt since regulation was first applied to general insurance brokers to quantify just what it costs for brokers to remain compliant.
Aon responds to Hector Sants’s financing call
Aon has called for the nature of risks posed by a firm to be taken into account when the FSA calculates fees.
Broker Network and Countrywide make two hires after record growth
Broker Network and Countrywide have claimed the 19 members signing up in 2011 so far was the result of “extraordinary” levels of new membership enquiries totalling an additional £40m of annualised gross written premium.