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

10 tips for a safe and successful fundraising campaign this holiday season

Travelers’ non-profit D&O product manager Tom Herendeen offers 10 tips for non-profit organizations to keep in mind during this season of giving.

Top Story

4 things scarier than a prospecting call

People only embrace the pain of change once the pain of the status quo becomes greater. You will only embrace your prospecting responsibility when you realize avoiding it is the scarier option.

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.