This breaks the coverage relationship with the company’s hotel, luxury residence, and golf course business.
The Aon insurance broker has ceased its business relationship with the Trump Organization. This includes the hotel, luxury residence, and golf course business run by Donald Trump Jr and Eric Trump.
The broker has acted at a time when companies and New York City are severing ties with Trump-owned businesses.
At the time this article was written, the details of the Aon insurance broker’s withdrawal from the Trump Organization have not yet been revealed. However, this has occurred at a time in which many companies, brands, and even New York City, have taken steps away from President Trump as he was impeached by the House of Representatives for the second time for the role he played at the Capitol a week before.
The broker’s moves to sever ties arrived on the heels of a New York Times report on Manhattan District Attorney Cyrus Vance Jr.’s office prosecutors which interviewed Aon employees and Deutsche Bank employees as components of an ongoing investigation into Trump Organization business dealings.
The Aon insurance broker employee interviewed in the report confirmed that it had been subpoenaed.
This was not the first time Aon has been subpoenaed in a case relating to the Trump Organization. In 2019, it received one from New York insurance regulators after President Trump’s former lawyer Michael D. Cohen alleged in testimony before congress that the Trump Organization’s asset valuation to insurance companies was inflated.
Thirteen years ago, Donald Trump identified Pamela Newman, a broker from Aon, as one of his company’s insurance contacts.
As of the writing of this article, there have not been any indication that insurance regulators or prosecutors believe that Aon has done anything wrong.
Deutsche Bank, the Trump Organization’s largest lender, announced its intentions to cease doing business with the company earlier in the week when the Aon insurance broker made a similar decision, said a New York Times report. In this same week, the Professional Golfer’s Association of America announced its withdrawal of its 2022 PGA Championship tournament from the Trump National Golf Club.