Newsroom
Getting the best of change & catastrophe
The global insurance industry faces something of a market paradox. A period of relative respite in catastrophe losses through 2007, and stronger than expected property and casualty insurance sales, are factors expected to boost the insurance sector outlook in 2008 and 2009. Moreover, the crossover between insurance and the global capital markets will become even stronger through the coming twelve months. Even so, insurance mavens appear to expect flat—even negative—premium growth for the year. How timely then that in 2005 global insurance major Aon Corporation embarked upon a comprehensive three year makeover programme to help prepare the firm to best leverage impending changes in the global financial markets. The corporation’s third quarter 2007 results show a revenue uptick of 92% year on year. Clever planning? Prescience, or sheer good luck? Francesca Carnevale went to Chicago to find out.
Access international media contacts, the full library of Aon media releases, and a media kit with fact sheet and executive bios, via links below.