1. Aon, Trump parted companyPosted On: Dec. 28, 2021 7:53 AM CST
The turmoil surrounding the 2020 U.S. presidential election spilled over into the insurance industry earlier this year when Aon PLC ended its relationship with one of the brokerage’s most prominent and longstanding clients.
The triggering event was the Jan. 6 insurrection in Washington, which saw a mob of Donald Trump’s supporters storm the U.S. Capitol after an address by the then-president, who disputed the outcome of the election.
Mr. Trump’s speech to his supporters and his apparent unwillingness to forcefully intervene to stop the subsequent riot sparked outrage among many, including some of his business partners.
In the days that followed the riot, various businesses, including two banks that previously had Mr. Trump as a client, announced that they were ending their relationships with him as his presidency entered its final weeks.
Aon, which had been the longtime broker for Mr. Trump’s businesses, joined the ranks of companies spurning their former client.
The story detailing Aon’s decision to end its relationship with the Trump Organization was the most read risk management-related story on Business Insurance’s website in 2021.
It was not the first time that Aon had become embroiled in wider controversies surrounding Mr. Trump. About a month earlier, it was revealed that New York state prosecutors had interviewed Aon employees in connection with their investigation into his business dealings.