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

Memorial Day kicks off the most dangerous season of the year on the road

Long daylight hours and better driving conditions may lull drivers into a false sense of safety during summer months­­­­, according to a new survey.

Top Story

5 ways to make festival-style concerts safe and enjoyable

Operators of concerts must start by thinking about the absolute worst-case scenarios — be it a terrorist attack, crazed gunman or unexpected weather.

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.