Aon ends relationship with Trump – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

Aon ends relationship with Trump

Cutting ties: insurance broker Aon has ended its business relationship with the Trump Organisation (File photograph)

Aon, an insurance broker with offices in Bermuda, has ended a business relationship with the Trump Organisation.

The company is one of several to turn their backs on US President Donald Trump’s enterprise since last week’s violent and deadly storming of the Capitol in Washington, DC, by a pro-Trump mob.

President Trump was yesterday impeached by the House of Representatives, which accused him of inciting the violence that delayed lawmakers from certifying President-elect Joe Biden’s victory over President Trump in last November’s presidential election.

Bloomberg News reported that a spokesman for Aon had confirmed that the broker had cut business ties with Trump.

In 2019, Aon received a subpoena from New York’s insurance regulator about dealings with the Trump Organisation.

Other financial businesses to turn their back on the president’s family business include Professional Bank and Signature Bank.

Signature, which shut down Trump accounts containing about $5.3 million, also has a Bermuda connection. In March 2019, the New York-based bank announced that it was prepared to do business with Bermudian-licensed fintech firms, unlike local banks that have shied away from the evolving sector.

On Wednesday, New York City said it would end all business with the Trump Organisation, a move that Eric Trump, the president’s son, said the group plans to fight.

The PGA of America’s board also voted to end an agreement to host next year’s championship at a golf course owned by President Trump.

Real estate firms Cushman & Wakefield and Jones Lang LaSalle, as well as lender Deutsche Bank, have also abandoned the Trump Organisation, as well as Shopify, the Canadian-based business that ran Trump's online shop, while Facebook and Twitter kicked the president off their social networks.

You must be Registered or to post comment or to vote.

Published January 15, 2021 at 9:05 am (Updated January 15, 2021 at 9:05 am)

Aon ends relationship with Trump

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon