Aon Plc, a leading worldwide insurance broker, is facing numerous financial headlines. Director Lester Knight invested $2.77m in the company stock, and the company plans to acquire NFP for $13.4 billion in cash and stock, shedding light on its strategic expansion plans.
Although they encountered some legal issues, such as a class-action lawsuit and conflicts surrounding data breach which affected Aon’s reputation, they have managed to resolve several court cases, including a $7.5 Million and $9 Million settlement in 401(k) class suits
Aon’s financial commitment seems solid with their announcement of a 10% increase in the quarterly cash dividend, twice. The firm has undergone internal restructuring, changing the jurisdiction of incorporation for the parent company. The company remains committed to future efforts by launching
FI Protect 360 Insurance Solution and being recognized for its Cyber and Intellectual Property solutions. Unfortunately, data breach affecting 146,000 customers raises concern. The firm has partnered with PayPal to offer insurance and entered an eight-year partnership with
Manchester United. They have also completed the acquisition of Stroz Friedberg, a Risk Management Firm, enhancing its portfolio offering.
Aon Iberia acquired Inspiring Benefits in an effort to expand their services in the loyalty & wellbeing space, while Willis Towers Watson merger seems to be called off due to an impasse with DOJ. Commitment to
innovation remains an integral part of Aon's mission with recent advances seen in Singapore by launching Climate Hub and aligning new reinsurance unit with Saudi's Vision 2030 targets.
Aon Plc Class A AON News Analytics from Sun, 07 Apr 2013 07:00:00 GMT to Wed, 08 May 2024 00:44:55 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor -2
