Aon could be left to untangle over £100m of claims if Equitable Life succeeds in its £3.75 billion claim against Ernst & Young.
Aon is understood to look after all the top four accountancy firms, organising up to £400m of cover through a mixture of captives and market based cover.
The remaining cover would be provided through a combination of offshore funds and self-insurance.
A market source said: "The major league accountants have no relevance or need to be in the standard insurance market."
Equitable Life is suing Ernst & Young for negligence in carrying out its auditing. Equitable chairman Vanni Treves is reported to have said he is looking for "a deep pocket anywhere that could be made to pay up".
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
