International Business News - AOC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif More than 1,000 Chicago public school students skipped the first day of classes Tuesday to protest unequal education funding, a boycott organizers said would continue through the week with help from retired teachers who will turn office lobbies into impromptu classrooms. http://www.ibtimes.com/data/articleimgs/121365-school-funding-protest.jpg http://www.ibtimes.com/articles/20080902/some-chicago-students-to-skip-school-in-protest.htm http://www.ibtimes.com/articles/20080902/some-chicago-students-to-skip-school-in-protest.htm Tue, 02 Sep 2008 23:11:58 EDT Moody's Investors Service said Monday it affirmed the ratings of Aon Corp. after the world's largest insurance broker announced it planned to buy Britain's Benfield Group Ltd. for nearly $1.6 billion in cash. http://www.ibtimes.com/articles/20080825/moodys-affirms-aon-corp-ratings.htm Mon, 25 Aug 2008 15:07:37 EDT Standard & Poor's Ratings Services placed its "BBB+" counterparty credit rating on Aon Corp. on CreditWatch with negative implications after the insurance broker said it would buy Britain's Benfield Group Ltd. for almost $1.6 billion in cash. http://www.ibtimes.com/articles/20080822/s-p-puts-aon-rating-on-creditwatch-after-buyout.htm Fri, 22 Aug 2008 16:58:34 EDT Fitch Ratings on Friday affirmed its ratings on Aon Corp. after the insurance broker said it would buy Britain's Benfield Group Ltd. for almost $1.6 billion in cash. http://www.ibtimes.com/articles/20080822/fitch-affirms-aon-ratings-after-benfield-buyout.htm Fri, 22 Aug 2008 16:53:37 EDT Shares of Aon Corp. shot up Friday, after the world's biggest insurance broker said it has agreed to buy Britain's Benfield Group Ltd. for almost $1.6 billion in cash. http://www.ibtimes.com/articles/20080822/aon-shares-rise-after-benfield-group-buy.htm Fri, 22 Aug 2008 18:46:30 EDT Aon Corp., the world's biggest insurance broker, said Friday it has agreed to buy Britain's Benfield Group Ltd. for almost $1.6 billion in cash. Chicago-based Aon said combining Benfield, a leading independent reinsurance intermediary, with its existing reinsurance operations would create a global, diverse franchise. http://www.ibtimes.com/articles/20080822/aon-agrees-to-buy-britains-benfield-for-1-6b.htm Fri, 22 Aug 2008 16:43:48 EDT The Financial Services Roundtable, which represents more than 100 large banks, brokerage firms and insurance companies, spent nearly $1.9 million lobbying in the second quarter on banking, mortgage lending and other issues affecting the industry, according to a recent disclosure report. http://www.ibtimes.com/articles/20080820/financial-group-spent-nearly-1-9m-lobbying-in-2q.htm Wed, 20 Aug 2008 15:06:36 EDT Aon Risk Services of Southern California, a unit of insurance broker Aon Corp., said Tuesday that Philip A. Simone has joined the firm as senior vice president. http://www.ibtimes.com/articles/20080819/philip-simone-named-senior-vp-for-aon-unit.htm Tue, 19 Aug 2008 13:04:36 EDT Health care costs are expected to rise more than 10 percent into next year, according to a survey of insurers by Aon Consulting Worldwide. But that increase is the smallest Aon has seen in six years. Experts say it shows that efforts to tame costs, such as employee wellness or disease management programs, may be paying off. http://www.ibtimes.com/articles/20080811/health-care-costs-seen-rising-10-percent-in-2009.htm Mon, 11 Aug 2008 11:16:23 EDT Insurance broker Aon Corp. said Thursday it named Damien Guermonprez as CEO of Aon France, effective Sept. 1. He replaces Vincent Redier, who will remain Aon France executive chairman as well as chairman of Aon Re Europe-Middle East-Africa. http://www.ibtimes.com/articles/20080710/damien-guermonprez-named-as-ceo-of-aon-france.htm Thu, 10 Jul 2008 11:43:24 EDT The Financial Services Roundtable, which represents more than 100 large banks, brokerages and insurance companies, spent $2.5 million in the first quarter to lobby on mortgage lending regulations and other issues. http://www.ibtimes.com/articles/20080611/financial-group-spent-2-5m-lobbying-in-1q.htm Wed, 11 Jun 2008 15:24:39 EDT Marsh & McLennan lost money in the first quarter as the insurance broker's corporate security business suffered a fundamental deterioration in value, the company said Wednesday. http://www.ibtimes.com/articles/20080507/marsh-mclennan-posts-1q-loss-as-kroll-business-loses-value.htm Wed, 07 May 2008 08:11:18 EDT The president and chief executive of Aon Corp. was paid $10.3 million in 2007 as the insurance broker began a major restructuring initiative, a 19 percent increase over his 2006 compensation, accordi... http://www.ibtimes.com/articles/20080408/aon-ceo-receives-10-3m-in-2007.htm Tue, 08 Apr 2008 08:33:04 EDT Insurer ACE Ltd. on Tuesday said it completed its $2.56 billion acquisition of Combined Insurance Co. of America and some of its subsidiaries from Aon Corp., a risk-management services provider. The... http://www.ibtimes.com/articles/20080401/ace-completes-combined-insurance-buy.htm Tue, 01 Apr 2008 17:09:39 EDT Shares of most insurance companies rose in early morning trading Thursday as the broader markets posted slight gains. Shares of American International Group Inc. rose 95 cents, or 2.2 percent, to $43.13. http://www.ibtimes.com/articles/20080320/opening-glance-insurance-companies.htm Thu, 20 Mar 2008 10:03:39 EDT Insurer Aon Corp. said Wednesday its founder Patrick G. Ryan plans to retire as executive chairman effective Aug. 1. Ryan, 70, has served as CEO for 41 years. He has been executive chairman for three years. http://www.ibtimes.com/articles/20080319/aon-executive-chairman-ryan-to-retire.htm Wed, 19 Mar 2008 18:43:40 EDT Shares of insurers mostly rose Wednesday morning as broader markets moved higher in early morning trading. How some major insurers were performing after the opening bell: http://www.ibtimes.com/articles/20080319/opening-glance-insurers.htm Wed, 19 Mar 2008 10:10:56 EDT Shares of most insurers fell Monday afternoon as the broader markets declined on worries surrounding the uncertainty in the credit markets. Insurers in the financial guaranty and bond insurance sectors fell the most. http://www.ibtimes.com/articles/20080317/sector-snap-insurers-fall.htm Mon, 17 Mar 2008 11:41:12 EDT Aon Corp. said Friday it agreed to buy substantially all of Gallagher Re's U.S. and U.K. reinsurance brokerage business for $30 million cash, plus the revenue produced by the acquired businesses in the first year after the deal closes. http://www.ibtimes.com/articles/20080222/aon-to-buy-gallagher-reinsurance-units.htm Fri, 22 Feb 2008 16:22:30 EST Aon Corp. said Thursday its profit slipped 7 percent in the fourth quarter as the insurance broker incurred costs to jettison unwanted businesses as part of a plan to save money. http://www.ibtimes.com/articles/20080207/aons-4q-profit-shrinks-7-percent.htm Thu, 07 Feb 2008 16:50:53 EST