Aon report Q4 and 2009 profits
by Richard Kilner
Story link: Aon report Q4 and 2009 profits
Aon Corporation has announced its financial results for 2009 and for the final quarter of the year.
Attributable net income in Q4 was recorded at $198m, equating to $0.69 per share, comparing very favourably with the $6m loss incurred in the same quarter in 2008.
However, for the year as a whole net income fell by almost [...]
Aon bolsters Manchester branch
by Richard Kilner
Story link: Aon bolsters Manchester branch
Aon, the insurance broker and risk adviser, has named Kelvin Chadwick as sales director in Manchester.
Chadwick will be tasked with driving forward Aon’s commercial sales in the city, and to continue the strong revenue growth of recent years.
He brings with him over two decades of insurance experience, and joins Aon from insurance broker Bridge.
In his [...]
Aon Risk Services names new Asia CEO
by Richard Kilner
Story link: Aon Risk Services names new Asia CEO
Aon Risk Services has announced the appointment of Sandeep Malik as chief executive officer of Asia Aon Risk Services, effective from 1 February 2010.
He joins Aon from Prudential Asia, where he worked as chief commercial officer.
He spent over a decade with Prudential Asia, during which time he worked in the dozen country the firm operates [...]
Aon appoint Global Benefits VP
by Richard Kilner
Story link: Aon appoint Global Benefits VP
Aon Consulting has announced the appointment of Eddie Franco to the Global Benefits Practice as vice president.
An industry veteran, Franco brings over three decades of experience to Aon, and has worked and lived in more than a dozen countries.
He has expertise in the design of reward programmes of various scale, and recently served in senior [...]
Aon bolsters aviation team
by Richard Kilner
Story link: Aon bolsters aviation team
Insurance broker Aon has bolstered its aviation team with six new appointments, based in London.
The new staff will cater to airlines and aerospace companies around the world, utilising their negotiating acumen and experience to enhance the firm’s offering.
John Westoby joins from Marsh, where he led the aviation and aerospace practice for over a decade, to [...]
Aon hires UK chief operating officer
by Richard Kilner
Story link: Aon hires UK chief operating officer
UK risk and insurance firm Aon Limited has announced the appointment of Simon Allen as chief operating officer.
Allen, whose appointment requires FSA approval, also acquires a seat on the Aon Limited board and brings with him extensive industry experience.
Prior to joining Aon he worked for Prudential as chief operations officer, and earlier worked for Capital [...]
Aon extends employment agreement with CEO and president
by Richard Kilner
Story link: Aon extends employment agreement with CEO and president
Aon Corporation has announced it has extended the contract of the firm’s president and CEO.
Gregory C. Case, who was due to have his contract up for renewal next year, will now stay on until 2015.
Lester B. Knight, non-executive chairman, has praised Case’s running of the firm and said that Aon is well-placed to improve value [...]
Aon acquires Carpenter Moore Insurance
by Gill Montia
Story link: Aon acquires Carpenter Moore Insurance
Aon Corporation has agreed to acquire New-York based brokerage, Carpenter Moore Insurance Services.
The latter was formed through the merger of Carpenter Moore and NASDAQ Insurance Agency, in 2005, and specialises in executive liability, Internet liability, and risk management services.
The firm’s clients are to be found in the technology, pharmaceuticals, healthcare, durable goods, transportation, energy and [...]
Aon Risk Services appoints Bayeux as MD
by Richard Kilner
Story link: Aon Risk Services appoints Bayeux as MD
Aon has announced the appointment of John Bayeux to the role of managing director of Aon Risk Services.
Bayeux brings with him decades of industry experience and during his lengthy career in financial services has operated as both a risk manager and insurance broker.
Before joining Aon in August he worked for Willis as an executive VP.
Earlier [...]
Aon Poland acquires Progres
by Richard Kilner
Story link: Aon Poland acquires Progres
Aon has announced that Aon Poland has acquired Dom Brokerski Progres S.A. and Progres Services Sp z.o.o., one of the market leaders in the automotive brokerage sector in Poland.
Together the combined entity will be one of the largest insurance brokers in the country, however, financial details of the deal have not been disclosed.
Aon Central and [...]
Aon appoints two MDs
by Richard Kilner
Story link: Aon appoints two MDs
Aon Risk Services has announced a pair of appointments, with Jim Herbert and Ian McLellan named as managing directors of its Corporate & Affinity businesses, respectively.
They will both report directly to the CEO of Aon Corporate & Affinity, Robert Brown.
Herbert becomes MD of Corporate, the team of brokers which is dedicated to handling middle to [...]
Aon Consulting appoints Asia Pacific CCO
by Richard Kilner
Story link: Aon Consulting appoints Asia Pacific CCO
Aon Consulting has announced the appointment of Anand Shankar as chief commercial officer (Asia Pacific), a newly created post.
During his lengthy career he has worked in senior positions in nations such as Singapore, India and Hong Kong.
Shankar is an industry veteran with decades of experience and will be responsible for leadership of sales throughout Asia [...]
Aon appoint head of risk transfer
by Richard Kilner
Story link: Aon appoint head of risk transfer
Keith Ashworth has been appointed by Aon to serve as the firm’s new head of risk transfer for UK & EMEA.
He joined the firm three years ago as an Aon Global director, prior to which he spent 17 years with JLT and has more than three decades total experience in the sector.
The position, which falls [...]
DC pension funds stage recovery
by Gill Montia
Story link: DC pension funds stage recovery
New research from Aon Consulting shows the value of the assets in employees’ defined contribution (DC) pension funds rising sharply in July, to reach a combined £451 billion.
The recovery, which reflects rallying share prices, represents an increase of almost 7% on June and puts the combined worth of UK DC funds £1 billion ahead of [...]
Aon expects rates rise on motor insurance
by David Masters
Story link: Aon expects rates rise on motor insurance
British firms renewing their motor insurance policies this quarter should expect to see an increase in premiums, Aon warned this week.
In a survey by the insurance firm 91% of brokers predicted a rise in rates for the third quarter.
This is in contrast to the second quarter when every underwriter polled said rates would hold.
However, as [...]
Aon blasts government’s credit cover
by David Masters
Story link: Aon blasts government’s credit cover
Aon Trade Credit criticised the government’s “failed” credit insurance scheme this week as inadequate for larger companies.
The company called on the government to increase the cover limit to £10-£15 million from the current limit of £1 million.
It added that the UK government should follow the example of the French government by not limiting cover based [...]
Aon appoints ERM leader
by Richard Kilner
Story link: Aon appoints ERM leader
Aon, the world’s largest insurance broker and risk management firm, has announced the appointment of Grant Foster as head of enterprise risk management (ERM).
Before joining Aon he worked as the UK head for general industries consulting Det Norske Veritas and is also a chartered engineer.
Foster was an instrumental part of the team behind the Risk [...]
Aon appoint UK Marine CEO
by Richard Kilner
Story link: Aon appoint UK Marine CEO
Global insurance broker and risk adviser Aon Risk Services has announced the appointment of Mark Cracknell to the post of chief executive officer of Aon Marine in the United Kingdom.
He is a veteran of the industry, and brings with him decades of experience in the marine sector.
Prior to joining Aon Cracknell served on Benfield Corporate [...]
Aon appoints Entertainment Practice MD
by Richard Kilner
Story link: Aon appoints Entertainment Practice MD
Aon/Albert G. Ruben has announced the appointment of Fred Milstein to the post of managing director of worldwide marketing and business development.
Before joining the firm he was the president and founder of cineFinance, a company offering international completion guarantees to the film and television industries in Europe, Asia, North America and Australia.
In his new position [...]
Aon France launches holiday rainfall cover
by Gill Montia
Story link: Aon France launches holiday rainfall cover
Aon France has launched an innovative travel policy that compensates holidaymakers whose vacations are “rained off”.
The policy pays out if there are a minimum of four rainy days in any one week, according to a report from Reuters.
The occurrence of rainfall is validated using satellite photography supplied by the French weather bureau, with a maximum [...]
