Posts Tagged

AON

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

Aon in February 2017 sold its human resources business process outsourcing (BPO) platform and operations to private equity firm and alternative asset manager Blackstone for $4.3 billion plus an additional $500 million earn-out based on future performance. Closing is expected by the end of the second quarter of 2017. The sale, according to Aon’s website, is a “natural extension of the strategy the firm has pursued over the last

Aon Risk Solutions, in collaboration with the Risk Advisory Group, has identified 2015 as the most lethal year for terrorist violence since they started collecting empirical data in 2007. With the issuance in April 2016 of the new edition of its Terrorism and Political Violence Map, Aon particularly emphasizes the rapid evolution over the past year of terrorism and political violence present “a much broader spectrum of potential impacts”

Modern Survey, a Minneapolis, U.S.A.-based employee survey and talent analytics solutions provider, has been acquired by Aon Hewitt in February 2016. In search of new sources of revenues, large employee benefits consulting firms are diversifying into and/or expanding employee engagement services. Modern Survey is responsible for software solutions in the areas of talent analytics, onboarding, 360o feedback, engagement, retention, performance, and measurement. Modern Survey’s current offerings are visible at

A 2015 survey of U.K. defined contribution (DC) pension plans reveals that there is a disconnect between what new initiatives they want to deliver and what they can actually provide. The Aon DC Survey 2015 revealed that out of 330 respondents from 297 U.K. DC pension plans, 57% of respondents feel that the top priority for DC schemes is better member outcomes, while 47% identified the need for specific

Nursing homes and long-term care (LTC) facilities face rising liability costs in the coming years unless they can find alternatives to litigation. According to a national study that surveyed 35 U.S. providers operating an aggregate 240,000 LTC beds, the overall national LTC loss rate is expected to increase by 5 percent annually, driven by a 3 percent rise in litigation claim frequency. These findings were the result of the

Two years after joining AON France as its Global Benefits practice leader, Bruno Valette joins Mercer France as Client Relationship Director and Principal. Or, rather, rejoins, as Valette had spent 14 years with Mercer in Paris right before AON. Mercer was his first employer in the insurance sector from 1989 to 1997, to be followed by leading French broker Gras Savoye, soon to be a division of Willis –

Matthew Lawrence Aon Chief Broking Officer, Health Solutions, EMEA Matthew has worked in the health industry for 20 years, where he carries out a variety of leadership roles for Aon’s Health Solutions business. As well coordinating and executing the broking strategy for the EMEA region, Matthew leads Aon’s health and analytics capabilities. He advises some of Europe’s largest and most complex employers on the financing of their benefit programmes,