About Us

About Us : Business Description : history
 
 

History

1919 At the age of 16, Mr. Stone began selling insurance at the Dime Bank Building in Detroit, Michigan.

1922W. Clement Stone borrows $100 and moves to Chicago, rents desk space at 29 S. LaSalle for $25/month and establishes an insurance agency under the name, Combined Registry Co.

1929Combined Registry Company survives the crash of the stock market (and ensuing four-year period of the Great Depression). During this time, Mr. Stone develops Combined's "blueprint for success" for field training new and experienced agents.

1939Combined Mutual Casualty Company is organized and the company continues to expand, with the purchase of the American Casualty Company in Texas.

1947The company changes its name to Combined Insurance Company of America. Combined Insurance Company of America and Combined Mutual Casualty Company merge.

1956Combined begins international expansion when it becomes licensed to do business in Canada.

1959 Combined's Accident division achieves $100 million in premium, and the same year, operations are extended into Australia.

1960The company continues to expand worldwide, extending operations Southward into Puerto Rico.

1963Combined expands across the Atlantic to Europe, with the addition of Britain and Northern Ireland.

1964Patrick G. Ryan founds Ryan Insurance Group, pioneering the sale of insurance products and warranties sold through automobile dealerships.

1966Life Insurance is introduced to the company product line.

1971Combined agents sell more than $1 billion dollars of life insurance in less than five years. Combined Life Insurance Company of New York is established.

1977Combined's Vice President, Richard Ravin, in an unprecedented move, decides to enter the field as a sales representative. In 9 weeks and 2 days he achieves a Grand Diamond award- an All-Time Record.

1980The holding company, Combined International Corporation is formed

1982Ryan Insurance Group merges with Combined International Corporation to form what later became Aon Corporation. Mr. Stone takes on the duties as its first Chairman. Patrick Ryan becomes the President and Chief Executive Officer.

1985Combined International announces a joint venture with the Rubloff Company to construct a new corporate headquarters building at 123 N. Wacker Drive in Chicago.

1987Combined International changes its name to Aon Corporation. Aon in Gaelic signifies "oneness" and "unity".

1990Patrick G. Ryan elected chairman Aon Corporation.

1991Richard Ravin is promoted to President and CEO of Combined.

1992Under Richard Ravin's leadership, Combined achieves its objective of more than $500 million in premium.

1994Combined reaches 75th year milestone.

1996Combined reaches $1 billion dollars of total revenue.

1997Combined's Worksite Marketing division, Worksite Solutions, completes its first full year, and achieves $1 million in premium.

1997-99Combined expands into Latin America; 1997 Mexico,

1998 Argentina, 1999 Brazil.1998Combined announces vision of $2 billion of revenue by 2010.2000In January,

2000, Combined unveils the new company logo.The new logo is a fresh, dynamic redesign of the classic eagle which has been part of the company's tradition for decades.

2002Combined expands into Thailand our first Asian Operation

 


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