Aon
Contingent commissions a “conflict of interest” for brokers – Greenberg
Contingent commissions, the once- banned payments that insurers pay to entice brokers, create a conflict of interest and ought not to become prevalent again, Ace CEO Evan Greenberg has said.
Post in print - 29 July 2010
Post reporter Amy Ellis outlines the main news from this week's issue of Post.
Postscript - 10 years ago: 800 law firms could close over SI
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 10 years ago reveals.
Brokers at war over contingent commissions
Aon has become embroiled in a war of words with rival Willis after it signalled its intent to once again accept contingent commissions in the US.
Top five Post stories
The five most popular stories at postonline.co.uk over the past seven days were:
Amlin appoints former Aon director to broker role
Amlin has appointed Patrick McMillen as business development and broker relationship manager.
Heath Lambert raids Aon for PFI specialist
Heath Lambert has added former Aon PFI special purpose specialist Stephanie Ottey to its PFI advisory team.
Willis: Aon backtrack on contingent commissions is "wake up" call to the market
Willis claims Aon's announcement that it would resume accepting contingent commissions “where appropriate and legally permissible” is a wake up call to insurance buyers.
Rims attacks Aon stance on contingent commissions
The Risk and Insurance Management Society has criticised Aon's decision to accept contingent commissions and reiterated its opposition to the practice.
Aon open to the idea of accepting contingent commissions again
Aon today announced it is working with markets to explore the various forms of alternative remuneration available to it which may include supplemental and/or contingent commissions.
Post in print - 22 July 2010
Post reporter Dan Dunkley outlines the main news from this week's issue of Post.
Taylor joins Bartlett
The former branch director of Aon's Leeds branch Richard Taylor has joined Bartlett Insurance Brokers Group.
Travel insurers escape Goldtrail claims
Travel insurers are likely to escape a surge in claims following the collapse of holiday company Goldtrail, with the UK Civil Aviation Authority set to pick up the bill.
QBE hires Scotland head
QBE has appointed Maureen Robertson as commercial manager, leading its business in Scotland.
Aon broker threw laptop into pond to cover tracks
A senior Aon broker who admits dumping a laptop in a pond to cover up his involvement in a major tender that allegedly breached the terms of his gardening leave has been told he could face imprisonment.
Kiln appoints two in Asia
Insurance and reinsurance underwriters Kiln have appointed Paul Dreblow and Kenneth Leung to their team in Asia.
Aon broker who threw laptop into pond to cover tracks could face jail
A senior Aon broker who admits dumping a laptop in a pond to cover up his involvement in a major tender which potentially breached the terms of his gardening leave has been told he could face imprisonment.
QBE appoints Scotland boss
QBE has appointed Maureen Robertson as commercial manager, leading its business in Scotland.
Former Aon director joins Bartlett
The former branch director of Aon’s Leeds branch Richard Taylor has joined Bartlett Insurance Brokers Group.
Aon in $4.9bn swoop for outsourcing firm
Aon has agreed a deal to acquire HR consulting and outsourcing company Hewitt Associates for $4.9bn, consisting of 50% cash and 50% Aon stock.
Broking focus - bribery act: Proscribing bribing
With the spotlight on broker commissions, Leigh Jackson reports on the incoming Bribery Act and the threat it poses for financial incentives.
View from the top: The approved model
The Australian capital requirements and the Dutch pension funds experience show that few insurance companies have achieved the Holy Grail of an approved internal model. However, as Solvency II approaches, insurers are looking beyond the standard formula…
Focus on Greece
The European insurance market is facing a tough economic climate but none more so than the Greek market with its government’s financial debt crisis. Edward Murray reports on how the industry is coping.
Aon forms Aon Global Risk Consulting Bermuda
Aon Global Risk Consulting has launched a captive consulting practice, Aon Global Risk Consulting Bermuda, which is part of Aon Insurance Managers (Bermuda). Aon executive Laura Taylor is to lead the practice.