Aon
Aon is a global professional services firm providing a broad range of risk, retirement and health solutions. Employing 50,000 colleagues in 120 countries Aon seeks to use proprietary data and analytics to deliver insights that reduce volatility and improve performance.
Aon’s fast-paced growth began in 1982 when the Ryan Insurance Group merged with Combined International Corporation.
Throughout the 1980s and 1990s, acquisitions and organic growth fueled Aon’s expansion in the global insurance marketplace. Buys have included Minet Group, Alexander & Alexander [both in 1997] and Benfield [2008].
Gallagher divestment deal aborted after WTW/Aon merger breaks down
Gallagher had been set to buy £3.6bn of WTW assets including Willis Re as part of Aon/WTW divestment plans ahead of their proposed combination.
Aon/WTW merger collapses amid US DOJ lawsuit
Aon is set to pay a $1bn termination fee to WTW as CEO Greg Case says the two businesses "reached an impasse with the US Department of Justice".
People Moves: 12-16 July 2021
Stay up-to-date with the latest job changes in the world of insurance.
European Commission clears Aon/WTW merger
But the deal is still on hold as a November trial looms in the United States and the New Zealand Commerce Commission also raises competition concerns.
Joe Henderson selects Teesside for Attis branch opening
It is the third location for Henderson's newest venture, Attis Insurance, which he developed after selling Henderson Insurance Brokers to Aon in 2017.
HRH The Prince of Wales launches insurance task force to fight climate change
The task force, chaired by Lloyd's, is comprised of insurance executives and aims to provide a platform for the sector to collectively advance the world’s progress towards a resilient, net-zero economy.
US DoJ files lawsuit to block Aon/WTW merger
The two brokers have said they disagree with the move after the DoJ warns merger would “create a broking behemoth” and “threatens to eliminate competition, raise prices and reduce innovation”.
Dive In calls for active allyship as it confirms dates for 2021 festival
The seventh edition of the global festival for diversity and inclusion will take place on 21-23 September.
Biba 2021: Call for 'unified action' on PI problems
As the cost of PI soars, and insurers exit the market, Biba panellists call for brokers and insurers to collaborate to ensure customers get value.
Biba 2021: Unintended consequences from silent cyber 'knee jerk' reaction
The clampdown on silent cyber exposure has had unintended consequences for customers with some alterations too “broad brush”, according to Axa UK managing director, underwriting and technical services David Williams.
Biba 2021: The Future of Broking
Phil Barton attacks scale-led consolidation and warns broking is “in a dangerous place” as an expert panel including Aon’s Julie Page, A-Plan’s Carl Shuker and Atlanta’s Ian Donaldson consider the future in a session chaired by Brokerbility’s, Ashwin…
Aon/WTW to divest $3.6bn of assets to Gallagher ahead of merger
The sale includes Willis Re and is intended to address questions raised by regulators including the European Commission.
CII creates Presidents Forum to assess customer needs
Aon UK's Julie Page will chair the group which has been developed to discuss the changing insurance needs of consumers and SME businesses with the aim of creating guidance and key actions for further development.
BLM launches cross-industry property damage body to combat claims surge
The industry-wide property damage Task Force is meant to bring insurers, brokers, loss adjusters, legal specialists, and corporates together to identify emerging issues in the property claims sector.
People moves: 12-16 April 2021
Stay up-to-date with the latest personnel changes in the world of broking and insurance.
Aon details plans for its board ahead of AGM
Document outlines two separate scenarios based on whether or not the WTW deal goes through before the meeting in June.
Julie Page to head up merged Aon/WTW business in the UK
It is believed WTW head of GB, Nicolas Aubert, will remain with the organisation until the close of the deal.
European Commission to review $30bn Aon/WTW deal
Aon confirms the European watchdog has launched a Phase II review of the merger but insists it is still "on track" to close the combination in the first half of 2021.
SME specialist Ballantyne Brokers launches
Co-founder Ross Ballantyne says there is strong demand for a new broker in the market as "excessive market consolidation" leads to clients becoming disenfranchised.
Aon seeks European Commission approval for $30bn WTW deal
The EU watchdog is to make a decision by 21 December 2020.
Aon's Julie Page named as new CII president
Page takes over from NFU Mutual director Nick Turned, as Aston Lark's Peter Blanc is appointed as deputy president.
Aon leads coalition on post-coronavirus ‘new normal’ ways of working
The broker will assess how best the city can operate in a post-Covid environment.
Shareholders approve $30bn Aon/WTW deal
The agreement was originally announced in March this year and will see the creation of the world’s largest broker.
UK Broker Awards: Meet the Shortlist - Young Broker of the Year
In the run up to the 2020 UK Broker Awards Insurance Age is profiling all the shortlisted firms and individuals, with today’s focus being The Young Broker of the Year.