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Hull and liability aviation rates down 10% at renewals: Aon

By: Sarah Veysey

Published April 16, 2014 - 9:23am CST

Rates for lead hull and liability aviation insurance fell by an average of 10% during renewals that took place in 2013, according to a report published Wednesday by Aon P.L.C.

Q&A: Steve McGill, Aon P.L.C.

Published April 13, 2014 - 6:00am CST

Steve McGill is group president of Aon P.L.C. and chairman and CEO of the brokerage's global risk management business. Mr. McGill had a long career as a brokerage executive in the London market before joining Aon in 2005. At Aon, he has led several initiatives, including last year's controversial deal with Berkshire Hathaway Inc. to establish a facility that guaranteed capacity on certain...

Port Authority of New York and New Jersey sues Aon over payments

By: Matthew Lerner

Published April 11, 2014 - 11:34am CST

The Port Authority of New York and New Jersey on Thursday sued Aon P.L.C. in New York State Supreme Court, alleging mishandling of commissions and overpayment of premiums from 2008 to 2012.

Aon CEO says Berkshire Hathaway deal good for Lloyd's market

Published April 10, 2014 - 2:23pm CST

(Reuters) — The head of insurance broker Aon P.L.C. has mounted a defense of a deal signed last year with Warren Buffett's Berkshire Hathaway Inc. that some fear could weaken the Lloyd's of London insurance market, arguing it is good for London.

Business Insurance IN FOCUS Video: 2014 Risk Management Summit

Published April 07, 2014 - 2:55pm CST

Business Insurance's latest video report explores the 2014 Risk Management Summit held in New York on March 12-13.

D&O coverage held steady in fourth quarter, Aon reports

By: Judy Greenwald

Published April 01, 2014 - 1:42pm CST

Pricing overall for directors and officers liability insurance remains “pretty stable” says Aon Risk Solutions in its quarterly D&O pricing index report for fourth quarter 2013.

Higher prices and economic growth drive 2013 broker profit

By: Matthew Lerner

Published March 30, 2014 - 6:00am CST

Improved margins, higher prices, general economic improvement and organic growth helped the largest insurance brokers turn in strong 2013 results.

GALLERY: 2014 Business Insurance Innovation Awards

Published March 19, 2014 - 10:05am CST

See photos from Business Insurance's 2014 Innovation Awards, presented during Business Insurance’s Risk Management Summit in New York, March 12-13.

Aon to acquire Lorica Employee Benefits

By: Sarah Veysey

Published March 17, 2014 - 10:18am CST

Aon P.L.C. has agreed to acquire Fleet, England-based Lorica Employee Benefits, the brokerage announced Monday.

2014 Innovation Awards: Aon Interactive Political Risk Map 2013

By: Rodd Zolkos

Published March 16, 2014 - 6:00am CST

AON INTERACTIVE POLITICAL RISK MAP 2013

Business Insurance recognizes risk management innovators

By: Bill Kenealy

Published March 12, 2014 - 8:00am CST

Business Insurance has selected the winners of its 2014 Innovation Awards.

Aon reports $3.21 billion in fourth-quarter revenue

By: Mark A. Hofmann

Published January 31, 2014 - 9:02am CST

Aon P.L.C.'s revenue for the fourth quarter of 2013 grew to $3.21 billion, a 2.8% increase over that of the same period in 2012, the broker reported Friday.

Terrorism threats grow more severe, fewer countries affected: Aon

By: Sarah Veysey

Published January 28, 2014 - 10:26am CST

Fewer countries faced terrorism threats last year than in 2012, but the severity of the threats sharply increased in some areas, according to Aon P.L.C., which published its 2014 Terrorism and Political Violence Map on Tuesday.

Risk management information systems thrive on data, innovation

By: Bill Kenealy

Published January 15, 2014 - 3:19pm CST

CHICAGO — The present and future of risk management information systems dominated a meeting of the Chicago chapter of the Risk & Insurance Management Society Inc.

Risk management helps maximize financial results, resiliency: Report

By: Bill Kenealy

Published December 05, 2013 - 1:17pm CST

A direct correlation exists between the maturity of an organization's risk management practices and stronger financial results and resiliency, according to a report released by Aon Global Risk Consulting.

Aon Benfield names Kelly Smith president of U.S. unit

By: Sarah Veysey

Published November 27, 2013 - 8:29am CST

Reinsurance brokerage Aon Benfield on Wednesday named Kelly Smith to the newly created position of president of its U.S. operations.

Long-term care provider loss rates expected to increase 5%

By: Judy Greenwald

Published November 22, 2013 - 12:56pm CST

Loss rates for long-term care providers are expected to increase by 5% annually, according to a study released Thursday.

Aon's Dominic Christian elected to Council of Lloyd's

By: Mark A. Hofmann

Published November 22, 2013 - 9:14am CST

Dominic Christian, CEO of Aon U.K. Ltd. and executive chairman of international at Aon Benfield, has been elected to the Council of Lloyd's for a three-year term beginning Feb. 1, 2014, parent Aon P.L.C. announced Friday.

Q&A: Geoff Heekin, Aon Risk Solutions

By: Gavin Souter

Published November 19, 2013 - 12:02pm CST

Geoff Heekin is executive vice president and managing director of Aon Risk Solutions' Construction Services Group in Chicago, where he provides risk management expertise to the brokerage's large construction company clients. Recently, he spoke with Gavin Souter, editor of Business Insurance, about trends in the construction sector. Edited excerpts follow.

Business Insurance 2013 Buyers Choice Awards recognize service and expertise

By: Rodd Zolkos

Published November 17, 2013 - 6:00am CST

Companies recognized as this year's Business Insurance Buyers Choice honorees are the organizations that buyers of commercial insurance products and services would most often recommend based on attributes those buyers consider most important. Buyers were asked to rank the service and expertise attributes they consider most important in evaluating insurers, brokers and third-party administrators,...

Aon creates customized, innovative benefits options for its clients

By: Jerry Geisel

Published November 17, 2013 - 6:00am CST

Benefits Broker Service: Aon P.L.C.

Aon's McGill honored

Published November 08, 2013 - 8:39am CST

Steve McGill, group president of Aon P.L.C., has been recognized with the BritishAmerican Business Innovation Award for 2013.p>

Aon Risk Solutions, XL unit team on catastrophe product

By: Kate Shepherd

Published November 07, 2013 - 10:28am CST

Aon Risk Solutions and XL Group P.L.C.’s Bermuda insurance operations announced a new stand-alone integrated occurrence product called catastrophic integrated occurrence or CAT IO.

Business Insurance IN FOCUS Video: London market

Published November 05, 2013 - 6:00am CST

Business Insurance's latest weekly video highlights recent announcements made by Willis Group Holdings P.L.C. and Aon P.L.C. concerning business they place in the London market.

Lloyd's broker facilities add capacity, raise underwriting concerns

By: Sarah Veysey And Mark A. Hofmann

Published November 03, 2013 - 6:00am CST

The launch of another broker-backed London market facility offering guaranteed capacity may lead to more efficiency in the market, but the facilities have raised concerns over underwriting control and could marginalize smaller Lloyd's of London syndicates, experts say.

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