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Nontraditional capacity smoothing insurance cycle: Airmic panelists

By: Sarah Veysey

Published June 11, 2013 - 10:31am CST

BRIGHTON, England — Nontraditional sources of capacity entering the insurance and reinsurance market could help end large market cycles, panelists said Tuesday during the Airmic Conference 2013.

Lloyd’s cautions syndicates to be wary of broker-insurer facilities

By: Sarah Veysey

Published June 02, 2013 - 6:00am CST

Lloyd's of London executives have urged underwriters to exercise caution when entering into deals such as the facility launched by Aon P.L.C. and Berkshire Hathaway Inc.

Willis facility will back London specialty risk business

By: Matt Dunning

Published May 23, 2013 - 10:37am CST

Willis Group Holdings P.L.C. is preparing to introduce a new facility to provide additional capacity for up to 20% of the brokerage’s London-based specialty risk portfolio.

Marsh buys Aon's representative brokerage in Peru

By: Gavin Souter

Published May 23, 2013 - 10:23am CST

Marsh Inc. has agreed to buy Peruvian brokerage Rehder y Asociados Group, which currently has a representative brokerage relationship with Aon P.L.C.

Political violence map shows 44% of countries vulnerable to terrorism: Aon

By: Sarah Veysey

Published May 15, 2013 - 6:00am CST

Forty-four percent of countries have an identifiable risk of terrorist attack, according to Aon P.L.C.'s 10th annual terrorism and political violence map.

Zurich, Aon offer insurance for nonprofit long-term care facilities

By: Matt Dunning

Published May 10, 2013 - 12:43pm CST

Zurich North America announced Friday that it has partnered with Aon P.L.C. to offer a program of commercial insurance products designed specifically to meet the needs of nonprofit long-term care organizations.

Aon Benfield launches construction, engineering team

By: Sarah Veysey

Published May 08, 2013 - 9:08am CST

Aon Benfield, the reinsurance arm of London-based brokerage Aon P.L.C., has launched a construction and engineering team.

Aon reports higher first-quarter revenue, net income

By: Mark A. Hofmann

Published April 26, 2013 - 9:28am CST

Aon P.L.C.'s first-quarter 2013 revenue increased 2.6% over that of the same period a year earlier, rising to $2.92 billion, the London-based brokerage reported Friday.

Risks growing more complex, have worldwide consequences: Aon

By: Rodd Zolkos

Published April 22, 2013 - 8:05am CST

The 2013 Global Risk Management Survey by Aon Risk Solutions shows increasingly complex risks and a business environment in which those exposures can have worldwide consequences.

LLOYD'S OF LONDON

Lloyd's posts 2012 profit, prepares for challenges ahead

By: Sarah Veysey

Published April 07, 2013 - 6:00am CST

Despite substantial catastrophe and disaster losses, Lloyd's of London posted a profit of more than $4 billion last year and officials and observers say the market is ready to face economic and regulatory uncertainties this year.

Lloyd's reveals some concerns over Aon facility

By: Sarah Veysey

Published April 07, 2013 - 6:00am CST

A facility set up by Aon P.L.C. that guarantees Berkshire Hathaway International Insurance Ltd.'s participation on business involving Lloyd's of London underlines the market's importance, said Lloyd's CEO Richard Ward.

More employers expected to penalize wellness program nonparticipation

By: Matt Dunning

Published March 25, 2013 - 11:35am CST

The percentage of employers using penalties to drive participation in employee wellness initiatives is expected to grow considerably in the next few years.

Bloomberg

Aon, Berkshire Hathaway set up innovative insurance sidecar for Lloyd's

By: Sarah Veysey And Gavin Souter

Published March 24, 2013 - 6:00am CST

A facility set up by Aon P.L.C. guaranteeing underwriting participation by Berkshire Hathaway International Insurance Ltd. on business the brokerage places involving Lloyd's of London has been called innovative on several fronts.

Political risk exposures declining in 2013: Aon risk map

By: Mike Tsikoudakis

Published March 19, 2013 - 8:53am CST

Certain emerging markets are experiencing reduced political risk exposures in 2013 compared with last year as the world's political risk landscape shows improvement, according to an analysis released Tuesday by Aon Risk Solutions.

Bloomberg

Lloyd's sees opportunities in emerging economies: Chairman

By: Sarah Veysey

Published March 13, 2013 - 10:12am CST

Lloyd's of London must seek to increase the proportion of premium it derives from emerging economies and to attract trade capital from those economies, according to the market's chairman.

Bloomberg

Aon, Berkshire launch insurance sidecar for Lloyd's retail business

By: Sarah Veysey

Published March 13, 2013 - 9:29am CST

Aon Risk Solutions and Berkshire Hathaway International Insurance Ltd. launched an insurance facility Wednesday that offers guaranteed capacity for business where Lloyd's of London underwriters participate.

Aon Benfield forecasting arm releases new catastrophe models

By: Sarah Veysey

Published March 11, 2013 - 9:33am CST

Impact Forecasting L.L.C., the catastrophe modeling arm of Aon Benfield, has launched a set of models that enable clients to generate loss estimates for specific historical events, should they reoccur.

Bloomberg

Aon launches transaction liability practice for corporate deal risks

By: Anna Gaynor

Published March 01, 2013 - 2:06pm CST

Aon Risk Solutions has formed a transaction liability practice for corporate mergers and acquisitions and private equity investment.

U.S. property insurance rates may rise up to 10%: Aon unit

By: Mike Tsikoudakis

Published February 21, 2013 - 4:00pm CST

U.S. property insurance rates are expected to increase up to 10% in the first half of this year, Aon Risk Solutions said Thursday.

AP Photo

Lawsuits by Carnival Triumph passengers start rolling in

By: Sarah Veysey

Published February 20, 2013 - 9:49am CST

Two lawsuits have been filed in U.S. District Court in Miami by disgruntled passengers of the Carnival Triumph cruise ship that was left drifting for days without electricity, air conditioning and functioning toilets after a fire in its engine room.

Risk maturity rating linked to stock price volatility: Aon report

By: Rodd Zolkos

Published February 15, 2013 - 10:46am CST

A new report from Aon Global Risk Consulting, the risk management consulting operation of London-based Aon P.L.C., cites a statistically significant link between companies’ risk maturity and the volatility of their stock price.

Bloomberg

Aon reports revenue increases for fourth quarter and 2012

By: Bill Kenealy

Published February 01, 2013 - 10:12am CST

Aon P.L.C. on Friday reported fourth quarter 2012 revenue of $3.11 billion, a 4.3% increase over the $2.98 billion the firm earned in the same period of 2011.

Some U.K. Aon employees deferring bonuses to minimize tax hit

By: Sarah Veysey

Published January 21, 2013 - 9:21am CST

Insurance brokerage Aon P.L.C. has enabled about 250 employees to defer bonus payments until the new tax year, when a lower rate of income tax for top earners will come into effect in the United Kingdom.

Injunction barring Alliant solicitation of Aon clients upheld on appeal

By: Bill Kenealy

Published January 11, 2013 - 2:04pm CST

A New York appellate court on Thursday ruled in favor of Aon P.L.C. in its ongoing employee poaching dispute with Alliant Insurance Services Inc.

Directors and officers insurance rates up 4.5% in 2012 third quarter

By: Judy Greenwald

Published January 03, 2013 - 3:10pm CST

Primary pricing for directors and officers liability insurance increased 4.5% for the third quarter of 2012 compared with the same quarter a year ago, although premiums are flat overall because of still-declining excess insurance rates, Aon P.L.C.’s financial services group said in a report issued this week.

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