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Aon was already under reputational pressure and Glaser's comments have poured fuel on the fire
Aon made a shock move on Monday to cut staff salaries for most of its staff.
Adam McNestrie
,
01 May 2020
Allianz flags 30% Q1 profit slump and pulls 2020 guidance
The carrier joins a growing number of peers withdrawing targets because of Covid-19 uncertainty.
Rachel Dalton
,
01 May 2020
FCA seeks court declaration over Covid-19 BI claims
The ABI welcomes the move, which comes as disputes over liability for pandemic-related losses at UK SMEs mushroom.
Rachel Dalton
,
01 May 2020
Fairfax reports $1.26bn net loss after equities plunge
The group reported consolidated Covid-19 losses of $84.3mn for the quarter.
Bernard Goyder
,
01 May 2020
AJ Gallagher earnings rise 12% despite $42.2mn Covid-19 hit
The broker recorded a 12 percent year-on-year rise in net earnings, beating analyst expectations of $1.73 per share.
John Hewitt Jones
,
01 May 2020
James River cuts Uber run-off claims by a quarter
The carrier’s executives say it has made substantial progress in resolving historic liabilities related to the account.
John Hewitt Jones
,
01 May 2020
Nationwide institutes permanent work-from-home at five offices
The mutual insurer is concentrating its physical operations in Ohio, Arizona, New York, Iowa and Texas.
Bernard Goyder
,
30 April 2020
Double-digit Willis revenue decline is worst Covid-19 scenario: Haley
The CEO said protecting staff compensation was a priority but would not rule out pay cuts.
Samuel Casey
,
30 April 2020
Covid-19 a ‘catalyst’ for market hardening: Lancashire’s Maloney
The CEO says the carrier would consider raising equity if potential returns warranted it.
Anna Sagar
,
30 April 2020
Cutting salaries is 'survival mode stuff': MMC’s Glaser
The MMC CEO said that salary cuts – like those seen at Aon – are “an awfully blunt instrument”.
Rachel Dalton
,
30 April 2020
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