Aon
News review 14 - 20 September 2011
A review of news stories which broke between 14 and 20 September 2011.
Piracy attacks have lower success rates finds Aon
There has been an increase in overall piracy activity but a general decline in successful attacks on vessels over the last year according to a new report.
Aon says pirates now have less success
Aon Risk Solutions’ first in-depth piracy report for ship owners worldwide says that although piracy is increasing, successful hijacks are on the decline.
JLT to poach staff from top brokers
JLT boss Dominic Burke has declared open season on poaching top staff from rival firms after a £166m investment from its 30-year backer Jardine Matheson.
Social media: Hashing out hashtags
Has the insurance industry finally mastered the art of social networking?
Colosso and Barr leave Gallagher Heath as Hodges starts new role early
A week of departures and early arrivals within the broking community has resulted in former Heath Lambert bosses Adrian Colosso and Graham Barr leaving Gallagher Heath, while ex-Aviva UK CEO Mark Hodges has started work at Towergate earlier than expected.
Property lines remain volatile across Europe
Property lines remain substantially more volatile than other major lines across Europe, according to new research.
European insurance buyers rate specialist brokers for providing personalised service
European insurers buyers rate the 'big 3'brokers for their depth of resources and buying power, but it is the specialist brokers that are viewed as providing personalised service.
9/11 A personal reflection: Remembering the unforgettable
As the horror of 11 September 2001 unfolded, the insurance industry was not only reeling from the inevitable financial consequences. It was struggling to conceive a much more immense loss, a personal one
Lockton names Walton for expansion
Lockton’s Real Estate & Construction team has taken on Robert Walton (pictured) as part of expansion plans to provide advice to contractors, civil engineers and developers on a global basis.
Ace appoints accident and health team from Marsh, Chartis and Aon
Ace European Group has appointed three new additions to its accident and health team.
Lloyd’s – China: Chasing the Chinese dream
As the world’s second largest economy, China is a tempting opportunity for insurers. Leigh Jackson reports on the key role being played by Lloyd’s, the difficulties in gaining traction and the reality checks on expectations.
Commercial property Benelux: the bottom of the market?
The commercial property market in Benelux remains soft but as premium hit rock bottom Sam Barrett looks to see if changes are on the way.
People moves – 4 August 2011
A round-up of people moves and new appointments in the industry, as featured in the 4 August 2011 edition of Post.
JLT denies Aon takeover bid
JLT chief executive Dominic Burke has branded claims of a potential takeover bid from rival broker Aon as “unimaginable and frankly ridiculous”.
JMG Group opens Gateshead office
Yorkshire-based insurance brokers JM Glendinning is to open a new office in Team Valley, Gateshead on 1 August.
Aon reports 3% organic growth in American and international broking arms
Aon today announced its revenue increased 48% to $2.8bn for the second quarter of 2011 compared to the prior year quarter, due to a 42% increase in commissions and fees resulting from acquisitions, primarily that of Hewitt.
People moves - 28 July 2011
A round-up of people moves and new appointments in the industry, as featured in the 28 July 2011 edition of Post.
Aon claims the aviation market remains stable, with premiums up 1%
Aon Risk Services has reported that average lead hull and liability prices in the airline insurance market have been relatively stable so far in 2011, held in check by the low level of losses and abundant market capacity.
Aon makes senior European appointments
Aon Risk Solutions has made three senior-level appointments for Aon GRIP Solutions in Europe, the Middle East and Africa.
Commercial property - Business interruption: Dealing with disruption
Deficiencies in business interruption policies have long been a source of debate, but what can be done to improve them, asks Veronica Cowan.
Penny Black's insurance week
As if the big brokers don't have enough on their plate contending with regulators breathing down their necks, Aon and Willis now have to ward off Decepticons too.
British Insurance Awards 2011: Spot the difference
COMMERCIAL LINES BROKING INITIATIVE - SME/MID CORPORATE - WINNER - AON
Aon names aviation head
Aon Risk Solutions (ARS) has appointed David Boyle as head of the aviation team Asia Pacific (Apac) region.