Filed Under:Agent Broker, Agency Management

Aon Completes London Move

NU Online News Service, April 2, 10:41 a.m. EDT

Insurance broker Aon announced today it has completed the move of its corporate headquarters to London.

In a brief announcement this morning, Aon says it has completed its domicile from Delaware to the United Kingdom. The company is now converting its outstanding shares of Aon Corp. into Class “A” Ordinary Share of Aon plc. The shares will be traded on the New York Stock Exchange under the Symbol “AON” beginning today.

In January, Aon said it planned to move its corporate headquarters from its hometown, Chicago to London to be closer to the Lloyd’s market and emerging markets.

The move would also allow the company tax advantages on foreign capital and access to more than $300 million overseas cash sitting on its books.

Shareholders approved the move by an overwhelming vote on March 16.

In a filing with the Securities and Exchange Commission last week, Aon said it was extending the employment agreement of its Chief Financial Officer Christa Davies through March 31, 2017. Her original contract expired in November of this year.

Davies joined Aon in March of 2008 after a career with Microsoft.

There was no increase in her base salary of $800,000, but her share in the performance incentive program was increased and valued up to $6 million.

Featured Video

Most Recent Videos

Video Library ››

Top Story

6 things to know about white collar crime

Small businesses with less than 150 employees are 10 times more likely to be victimized by fraud than those companies with 250-500 employees.

Top Story

10 tips for lifting safely on the job

Musculoskeletal injuries result in pain, disability and financial stress for injured workers, and employers end up paying for them either directly or through workers' compensation.

More Resources

Comments

eNewsletter Sign Up

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.