December 7, 2009
Aon Corp. to acquire construction insurer Allied North America
Aon Risk Services, the risk management and insurance brokerage arm of Aon Corp., will acquire Allied North America, one of the largest independent surety and construction insurance brokerage firms in the U.S., Aon announced today (Dec. 7).
Terms of the acquisition were not disclosed but the deal is expected to close by the end of the year.
"Through the increased broking capability provided by Allied North America, we are enhancing our global construction powerhouse as well as our abilities to better serve our clients and grow our business around the world," Aon Corp. CEO Gregory Case said in a news release.
Following the acquisition, Bill Marino, the current chairman of Allied, will become president of Aon’s global construction business and vice chairman of Aon Construction Services Group.
| MOST POPULAR STORIES |
- High-tech oil sands project near Fort McMurray, Alberta could change industry
- TransCanada begins construction on British Columbia-Alberta pipeline
- VIDEO: B.C. Construction Association welcomes standardized contract forms
- Port Mann Bridge under construction
- Crane accident kills worker at construction site in Burnaby, British Columbia
- 20 Most Popular Stories
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 263 projects with a total value of $8,919,878,049 that Reed Construction Data Building Reports reported on yesterday.
NATURAL GAS PROCESSING FACILITY
$500,000,000 Fort Nelson BC Prebid
$250,000,000 Fort Nelson BC Negotiated
$35,000,000 Winnipeg MB Prebid
| CURRENT STORIES |
- Crane operator certification deadline looms in British Columbia
- High-tech oil sands project near Fort McMurray, Alberta could change industry
- Saskatoon bridge closed indefinitely over structural concerns
- City of Regina project turns up all sorts of surprises
- Awareness about qualifications-based selection lacking: Survey
- Canadian Institute of Steel Construction launches Steel Day
- Saskatchewan bridge collapses, causing crane to topple
- Crane tips over, killing worker and injuring two
- Saskatoon man pulled from hole at construction site
- Churchill airport gets government cash for infrastructure upgrades
- Stantec acquires health care architectural firm
- Photovoltaic training program aimed at improving safety
- Construction continues on Woodgreen Community Housing development in Toronto
- TransCanada begins construction on Alberta-British Columbia pipeline
- Saskatoon bridge closed indefinitely over structural concerns
- China manufacturing, sales figures rebound
- U.S. workers rate safety standards as top priority
- Labour agreement removed from bidding process for armed forces reserve centre
- Cambodia announces plan for tallest skyscraper in Asia
- Russia opens section of China oil pipeline
- Anemic U.S. housing concerns lumber producers
| ALEX’S ECONOMICS BLOG |
Reed Construction Data Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
- Canada’s construction starts in a transition phase (August 27, 2010)
- U.S. initial jobless claims rise to half a million again (August 19, 2010)
- It’s been 35 years since institutional construction starts as strong (August 6, 2010)
- More
