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AON

Aon in August 2019 issued a white paper entitled Prevention is Better Than Cure, which addresses the growing awareness of employee wellbeing. The paper encourages employers to understand the business rationale behind employee wellbeing in order to help gain best outcomes. The Aon white paper shows that 95% of employers see a correlation between employee health and performance, and believe they have a role in trying to educate and

Aon in October 2019 announced it has developed services to fill gaps identified in the UK’s Mental Health First Aid (MHFA) provision. Mental Health First Aid courses are commonplace in workplaces throughout the UK, yet research from the Institution of Occupational Safety and Health (IOSH) highlights serious pitfalls for employers who wish to implement MHFA without a wider strategy or who do not take the care of the MH

Aon has announced that as of July 2019, Martin Malota will be Key Account Manager Global Clients, Team Leader AGCN (Aon Global Client Network), and Practice Leader MNC (multinational companies). He will be based in Mülheim an der Ruhr, Germany. Malota has been with AON since 2002 when he joined as an intern and quickly moved to trainee. Since then he has served as Liability Expert, Global Business Unit;

Aon and the American Benefits Council have released the Global Benefits Governance and Operations Study 2018/2019. The study queried over 200 multinational companies  ranging in size from over 100,000 to fewer than 10,000 employees, and asked global compensation and benefits leaders for their views on best practices in global benefits management. The survey also explored key issues such as what these organizations can do to improve the alignment of

Aon in April 2019 that Sven Roelandt has joined their Antwerp, Belgium office as Global Expert for Employee Benefits Financing Strategies & Carrier Relations. Roelandt comes to Aon from Further Financial Services in Madrid, Spain, where he served as Director of Employee Benefits. Previous to that, he was with General Employee Benefits where he served as Regional Manager WEMEA, and Area Manager Nordics and Benelux.  He was also Regional

Aon in March 2019 announced, then cancelled plans to merge with Willis Towers Watson (WTW) in what would have been the industry’s largest ever merger. The cancellation announcement was made just one day after Aon announced it was considering a takeover bid for WTW. According to a statement released on Tuesday, March 5, Aon was in the early stages of exploring an all-share tie-up with WTW, and indicated that

The Aon Benefits and Trends Survey 2019 published in January 2019 says that 97% of UK employers agree that employees’ expectations of their experience in the workplace are changing, and that employees’ top priorities now include flexible working hours, agile working, mental health, diversity and inclusion, and parental leave. The survey asks questions of over 200 UK employers of all sizes who work across a broad range of sectors.

Aon in December 2018 released a paper, The Contemporary Drivers of Mental Health, detailing factors driving poor employee mental health in the UK. Debt, separation and bullying are the personal issues of most concern to employers when it comes to employee mental health, according to a poll of employers. Of the 92 employers surveyed, 39 stated that money and debt were their biggest concerns for employee mental health, 27

Aon has identified that many UK employees do not accurately record sickness absence. Published in November 2018, this insight was obtained by conducting group risk market reviews for employers. Group risk insurers require information on who is absent, the reason for their absence, duration, and more information such as prognosis. Aon, through its market review activity, has seen that some employers either do not record their employees’ absences or

Aon in October 2018 announced it had established a “New Ventures” group and appointed its senior leaders. The stated goal is “to further accelerate the creation of new sources of value for [our] clients”. Aon in 2018 already created the “Aon Operating Committee”; appointed two new co-presidents – Michael O’Connor and Eric Andersen; and transitioned to a single Aon brand. The “New Ventures” initiative is a component of the

Aon is offering 10 tips to help organizations maximize the use of occupational health (OH) programmes. Generally, employers use occupational health to be responsible and compliant, while also reducing costs. Aon’s 2018 Benefits and Trends survey released in August 2018 found that 96% of employers agree that they have a responsibility to influence employee health, although only 65% access occupational health services. The authors explain that a common theme

Issiah Sakhabuth in August 2018 joined Mercer as a Principal in the Multinational Client Group based in London. Issiah worked previously for Aon as a Principal Consultant in the International Retirement Practice and for KPMG as a Senior Manager in the Tax & Pensions Practice, after beginning her career as an actuarial trainee for Lloyds Banking Group. She has extensive experience in advising companies on their international retirement and

Global broker Aon in June 2018 announced that Andy Marcell has been appointed as CEO of its new Reinsurance Solutions division. Aon recently announced a rebranding of its reinsurance broking unit Aon Benfield to just Aon and has split its operations into new Solutions divisions, one of which is the Reinsurance Solutions arm. Along with the change, Eric Andersen who was CEO of Aon Benfield was made co-President of Aon,

Aon Employee Benefits in May 2018 said that its Benefits and Trends Survey 2018 shows marked sector differences in the number of UK employers reporting employee stress and mental health-related illnesses. Eighty-four percent of employers overall said that they consider themselves responsible for influencing their employees’ health behaviors. Of the five markets analyzed (pharmaceutical, manufacturing, law & professional services, technology, and finance), the legal and professional services sector showed

Aon in May 2018 announced the launch of its Carrier Solutions group, which will support and grow Aon’s network of Managing General Agents (MGAs) and Managing General Underwriters (MGUs) to better deliver innovative products, streamline transaction processes and give access to new and diverse sources of risk capital. Karl Hennessy has been named CEO. He brings more than 25 years of global insurance market experience and most recently served

Aon is reported to have made an offer to acquire French broker SIACI Saint Honoré (SSH). SSH caters to the needs of corporations and SMBs. Since 2015, SSH is controlled by venture capital firm Ardian which owns 57% of the firm. Managers control a further 23% and Edmond de Rothschild 20%. SSH chairman Pierre Donnersberg in late April 2018 denied any plans to sell. Instead, SSH is looking to

Aon in May 2018 announced that Eric Andersen, CEO of Aon Benfield, and Michael O’Connor, CEO of Aon Risk Solutions, have been appointed Co-Presidents of the firm; they will continue to report to CEO Greg Case. Aon also announced it will create an integrated global Operating Committee, co-led by Andersen and O’Connor. More Changes Further changes at Aon include the introduction of a single P&L structure “to increase colleague

Aon in May 2018 announced it will retire business unit brands Aon Risk Solutions and Aon Benfield, after the retirement of the Aon Hewitt brand in 2017. It will appear simply as Aon. In addition to the creation of an integrated global Operating Committee, the move is designed to make it easier for Aon team members to work together. The company previously announced a single P&L structure, “part of

Global employee engagement levels, after slipping in 2016 for the first time since 2012, jumped back to an all-time high in 2017 according to a new report published in March 2018 by Aon. The analysis of more than five million (!) employees at more than 1,000 organizations around the world found that global employee engagement levels rebounded back to 65 percent in 2017, up from 63 percent in 2016.

Willis Towers Watson (WTW) in October 2017 announced that Paul Devitt has joined its Global Services and Solutions consultancy team as a director, based in London, U.K. According to Mark Cook, a director with the WTW Global Services team and a frequent speaker on the global E.B. conferences circuit, E.B. captives consulting “is an area that is growing fast as more and more companies look to leverage their scale

Aon in October 2017 announced it had purchased Portus Consulting, an independent U.K.-based employee benefits firm. Portus has a leading position in the U.K. professional services market, particularly the legal sector and among SMEs with 50 to 750 employees. It will join Aon Employee Benefits, which says it has 2,500 large and SME corporate clients, covering over 1 million lives in the U.K.

The reinsurance and capital advisory division of Aon, Aon Benfield, in June 2017 announced the appointment of Andy Marcell as its president, based in New York and reporting to Aon Benfield CEO Eric Andersen. Since 2015, he was Aon Benfield’s head of strategy, joining from the position of CEO of Guy Carpenter’s U.S. operations and head of its global facultative business. He had joined Guy Carpenter in 1990 as

Alight, the former outsourcing business that Aon in February 2017 sold to private equity firm Blackstone, in June 2017 re-emerges as a standalone firm. Chris Michalak, CEO of Alight Solutions: “We are using this opportunity to ignite an entrepreneurial spirit and a culture focused on innovation to help companies and their people meet their rapidly changing benefits, HR and financial needs. […] we believe that businesses are powered by

Aon Employee Benefits, the U.K. health and benefits business of Aon plc, in April 2017 published a new report that highlights four ways U.K. employers can support their employees’ well-being in a shifting economic climate: Understand the connections between employee health, wealth and behavior in the specific working population. Secure sufficient budget for employee well-being. The Aon 2016 EMEA health report research showed that well-being budget restrictions are a

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, in May 2017 announced the launch of its PathWise Solutions Group business solutions package, bringing the integrated enterprise High Performance Computing (HPC) business platform within compliance for IFRS 17 standards for insurance contracts. This standard requires companies to significantly enhance their valuation systems and processes; specifically in areas such as data management, model management, and computational power

Theo Lutgendorff in April 2017 joined Aon Benfield’s Amsterdam, The Netherlands, team for the Life, Accident, Health and Income lines. He works with insurers and pension funds in the Netherlands and Scandinavia, with a specific focus on the development of large accounts for traditional and Solvency II – related reinsurance solutions. The Amsterdam office of Aon Benfield, Aon’s reinsurance unit, now employs 28 professionals with a variety of specializations

The annual Benefits and Trends Survey, released in February 2017 by Aon Employee Benefits, the U.K. health and benefits business of Aon plc, reveals that 90% of the 200 employers surveyed want increased employee engagement and understanding of benefits packages. However, what was telling was that only 36% have a specific communications strategy in place. The survey also shed light on employer actions and intentions. Aon commented that the