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].
Insurers flag climate change concern following UK heatwave
Insurers have pledged to focus efforts on reducing climate change and called on the industry to be better prepared for weather events.
Experts warn clients will look elsewhere if brokers ignore parametric insurance
Specialists have highlighted the benefits to brokers of delivering parametric insurance to their clients and warned they will lose out if they do not engage with the fast-expanding offering that is becoming more mainstream.
People Moves: 11-15 July 2022
Stay informed of the top personnel changes in insurance.
Cyber insurance costs doubled in a year - Howden
Howden’s annual report on cyber has revealed the average cost of cyber insurance has doubled since last year due to an extreme supply-demand imbalance.
Allianz agrees to sell majority stake in Russian operations
Allianz has agreed to sell a majority stake in its Russian operations to Interholding, the owner of Russian insurer Zetta insurance.
Insurance ban on Russian oil ships - report
The UK and EU have teamed up to ban the insurance of ships carrying Russian oil, the Financial Times has reported.
Cyber pricing hardens over 30%, says Aon
Market conditions for cyber insurance in the UK remain challenging with prices hardening by over 30% for the first quarter, according to an update by Aon.
2022 Empower Ethnic Minority Executives list names insurance stars
Four people from Aviva, Beazley, Sompo International and Axa XL have made the listing of 100 executive role models.
People Moves: 4 - 8 April 2022
Keep up-to-date with the latest industry moves.
WTW follows Aon and Marsh McLennan and withdraws from Russia
Ownership of Russian businesses will be transferred to local management as broker expresses dismay at the conflict.
Aon suspends Russian operations
Staff in Russia have been put on paid leave by the broker as the attack on Ukraine escalates.
Aon confirms cyber incident
Firm states its ability to serve clients has not been impacted by the event.
Brokers praise insurer response to storms claims
Storms Dudley, Eunice, and Franklin could cost UK insurers more than £400m in claims, according to Moodys.
Howden appoints WTW’s Aubert as CEO in France
Luigi Sturani, regional CEO of Howden Europe, revealed that the first key step in expanding Howden France was to find a “respected and credible leader” in the market, adding that Aubert was a “natural fit”.
News analysis: Is it time for a regulatory rethink?
Regulation is stifling broker competition and innovation according to Biba, as regulators now face a House of Lords inquiry.
People Moves: 24-28 January 2022
Stay up-to-date with the latest personnel changes in insurance.
People Moves: 10 - 14 January 2022
The latest personnel and management news in the insurance sector.
Market Analysis: Broking consolidation from 2010 to today – how the top 100 has changed
Insurance Age content director Jonathan Swift charts consolidation among the top 100 intermediaries from 2010 to today and reflects on the biggest winners in terms of M&A success
News Analysis - How is US money reshaping the UK market?
David Worsfold explores the power of the dollar in broking and examines the drivers behind US investment into the UK market.
Dive In kicks off today with a focus on active allyship
The festival runs over three days with mental health, gender equality and racial inclusion highlighted as key issues to be tackled as a priority in the insurance sector.
Businesses call for climate action in letter to Boris Johnson
Companies including Allianz, Aon UK, Brit Insurance, Convex, Flood Re, Marsh, MS Amlin Underwriting and Tokio Marine Kiln have urged the Prime Minister to demonstrate the government's commitment to addressing the climate crisis ahead of UN summit.
Regulators bare their teeth: is this the new normal for mergers?
News analysis: David Worsfold examines whether regulators are likely to take a tougher stance on insurance sector mergers in the future, following the collapse of the Aon/Willis Towers Watson deal.
Gallagher signs reshaped $3.25bn Willis Re deal
The broker is to buy the WTW treaty reinsurance operations following the collapse of the original deal.
Willis: Predator or Prey?
News analysis: Following the Aon/Willis Towers Watson deal collapse David Worsfold explores if WTW will turn hunter or hunted amid the fallout from the failed $30bn deal.