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California wildfire insured losses top $1 billion

By: Mark A. Hofmann

Published October 08, 2015 - 12:04pm CST

Insurers are facing more than $1 billion in claims payouts, making 2015 the costliest year for wildfires losses since 2007.

Innovation disrupts but also presents risk management opportunities

By: Sarah Veysey

Published October 06, 2015 - 9:32am CST

It's no longer the preserve of just one department but has become the province of a whole company.

London market facilities continue despite Berkshire pullout

By: Sarah Veysey

Published September 23, 2015 - 9:49am CST

Broker-insurer underwriting facilities will remain a part of the London insurance market despite Berkshire Hathaway Inc.'s slated withdrawal, sources say.

Catastrophe bond issuance starting to slow down

By: Mark A. Hofmann

Published September 10, 2015 - 11:39am CST

Annual catastrophe bond issuance reached $6.98 billion in the 12-month period ending June 30, down from the previous 12-month period’s record-setting $9.40 billion, according to a report issued Thursday by Aon Securities Inc., Aon Benfield Group Ltd.’s investment banking division.

Brokers see growth on demand for employee benefit services

By: Matthew Lerner

Published August 30, 2015 - 6:00am CST

The largest publicly traded insurance brokers rode a slowly improving economy to single-digit organic growth during the first half of the year as foreign exchange rates and soft pricing headwinds swirled.

Risk management software firm names CEO

By: Sheena Harrison

Published August 28, 2015 - 12:02pm CST

Risk management software provider Ventiv Technology Inc., London, has named Stephen Rhee as its CEO.

Aon exec moves to Marsh as U.S. construction leader

By: Joyce Famakinwa

Published August 17, 2015 - 12:43pm CST

Former Aon P.L.C. executive David Marino has been appointed U.S. construction leader at Marsh L.L.C.

Aon revenue dips 3.9% in second quarter

By: Donna Mahoney

Published July 31, 2015 - 12:07pm CST

Aon P.L.C.'s s second-quarter 2015 revenue decreased 3.9% to $2.81 billion, due in part to unfavorable foreign currency translation, the brokerage reported Friday.

The week in pictures

Published July 24, 2015 - 11:24am CST

The urge to merge, more breaches and California wine country wildfires filled the week at Business Insurance. View the gallery

Top insurance brokers: Aon P.L.C.

By: Mark A. Hofmann

Published July 19, 2015 - 6:00am CST

An increased emphasis on benefits-related offerings is paying off for Aon P.L.C.

Highest-paid broker execs

Published May 29, 2015 - 10:17am CST

Who were the highest-paid executives at publicly traded brokers in 2014? Find out in our latest gallery.

Terrorism, political violence threats become more concentrated

By: Sarah Veysey

Published May 26, 2015 - 8:58am CST

Terrorism risks are increasing in Western economies because of the threat posed by Islamic extremists, according to Aon P.L.C.

Strong dollar outweighs organic growth as Aon's revenue dips

By: Matthew Lerner

Published May 01, 2015 - 12:00pm CST

Aon P.L.C. saw first-quarter revenue slip 3.4% to $2.85 billion as headwinds from foreign currency and excess reinsurance capital offset 3% organic growth, the brokerage said Friday.

Acquisitions, better economy drive revenue growth at large brokers

By: Matthew Lerner

Published March 29, 2015 - 6:00am CST

The largest publicly traded insurance brokers posted modest organic growth in 2014 as a slowly improving U.S. economy helped offset ongoing soft insurance rates amid an active year for mergers and acquisitions.

JLT Specialty launches environmental team

By: Shelby Livingston

Published March 27, 2015 - 1:54pm CST

JLT Specialty Insurance Services Inc., a unit of Jardine Lloyd Thompson Group P.L.C., has launched an environmental team with several former Aon Risk Solutions executives.

Aon Affinity launches D&O products for nonprofit groups

By: Shelby Livingston

Published February 10, 2015 - 3:47pm CST

Affinity Insurance Services Inc., the consumer, association and program business of Aon P.L.C., on Tuesday launched a directors and officers liability insurance that extends coverage to several types of nonprofit organizations.

Excess capacity driving industry consolidations

By: Judy Greenwald

Published February 06, 2015 - 2:25pm CST

NEW YORK — Excess capacity across the insurance industry could lead to more industry consolidation, but there may be difficult times ahead, industry executives said.

Aon revenue up on organic growth

By: Stephanie Goldberg

Published February 06, 2015 - 10:13am CST

Aon posted revenue of $3.30 billion in the fourth quarter of 2014, a 2.8% increase over the same period a year earlier, the broker reported Friday.

Health care workers' comp claims steady in 2014 despite safety programs

By: Sheena Harrison

Published January 13, 2015 - 2:55pm CST

Workers comp claim frequency for health care workers declined by about 1% in 2014, but claim severity among medical workers increased 2% as health systems say they struggle with safety procedures to reduce worker injuries.

Former Aon exec to head Lockton's U.S. property insurance practice

By: Shelby Livingston

Published January 06, 2015 - 11:24am CST

Lockton Cos. L.L.C. has hired former Aon P.L.C. executive Michael Andler as executive vice president and head of its U.S. property insurance practice.

JLT Specialty Insurance Services adds to energy risk team

By: Judy Greenwald

Published January 05, 2015 - 1:24pm CST

Former energy specialists at Aon P.L.C., Marsh L.L.C. and Lockton Cos. L.L.C. are joining JLT Specialty Insurance Services Inc.’s energy risk team in Houston, the Jardine Lloyd Thompson Group P.L.C. unit said Monday.

Directors and officers liability second-quarter premiums down 4.4% over 2013

By: Judy Greenwald

Published November 13, 2014 - 10:55am CST

With decreases in excess layers continuing to drive down overall rates, companies' directors and officers liability insurance premiums for this year's second quarter decreased 4.4% vs. the same period a year ago, Aon Risk Solutions said in its latest D&O index report.

Aon tool sorts construction risk profiles for variety of jurisdictions

By: Shelby Livingston

Published November 11, 2014 - 1:11pm CST

The construction services group at Aon Risk Solutions has launched a web-based tool to help clients manage the risks posed by working in multiple locations.

Building owners, contractors should be in agreement when buying insurance

By: Bill Kenealy

Published November 11, 2014 - 10:02am CST

NASHVILLE, Tennessee — An emphasis on consensus-building between building owners and general contractors is essential when securing builders risk coverage.

UP CLOSE: Mark Church

Published November 09, 2014 - 6:00am CST


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