Filed Under:Markets, Reinsurance

Aon to Remain on S&P 500

NU Online News Service, March 28, 2:37 p.m. EDT

Aon Corp. will remain on the S&P 500 index following its reorganization into a newly formed public-limited company, Aon plc., and moving its headquarters from Chicago to London.

In a statement, Standard & Poor’s says that each share of Aon Corp. common stock will be exchanged for one “Class A Ordinary” share of Aon plc. on a one-for-one basis before the opening of trading on Monday, April 2.

Shareholders approved the move on March 16 by a vote of 98 percent of the shares voted.

The insurance broker says the move will not result in any job loss and Aon plans to add positions at its Chicago offices.

Featured Video

Most Recent Videos

Video Library ››

Top Story

The 20 best apps for insurance agents and small business owners

Don't be deceived by the name: owning a small business is a massive undertaking. Fortunately, there are numerous apps that can make your life a lot easier.

Top Story

Will the auto insurance industry be obsolete in 20 years?

Self-driving cars and ride-sharing services could be the start of a trend toward the end of auto insurance as we know it.

More Resources

Comments

eNewsletter Sign Up

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.