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.

Comments

Resource Center

View All »

EPLI Programs Crafted Just For Your Clients

Bring us your restaurant clients, associations and other groups and we’ll help you win more...

Is It Time To Step Up And Own An Agency?

Download this eBook for insight on how to determine if owning an agency is right...

Claims - The Good The Bad And The Ugly

Fraudulent claims cost the industry and the public thousands of dollars in losses. This article...

Leveraging BI for Improved Claims Performance and Results

If claims organizations do not avail themselves of the latest business intelligence (BI) tools, they...

Top 10 Legal Requirements for E-Signatures in Insurance

Want to make sure you’ve covered all your bases when adopting e-signatures? Learn how to...

Get $100 in leads with $0 down!

NetQuote's detailed, real-time leads have boosted sales for thousands of successful local agents across the...

The Growing Role of Excess & Surplus Lines in Today’s...

The excess and surplus market (E&S) provides coverage when standard insurance carriers cannot or will...

Increase Sales Conversion with this Complimentary White Paper

This whitepaper will share proven techniques - used by many of the industry's top producers...

D&O Policy Definitions: Don't Overlook These Critical Terms

Unlike other forms of insurance where standard policy language prevails, with D&O policies, even seemingly...

Environmental Risk: Lessons Learned from Willy Wonka and the Chocolate...

Whether it’s a chocolate factory or an industrial wastewater treatment facility, cleanup and impacts to...

Risk Management Report eNewsletter

Identify problems involving emerging risks, reinsurance, and business interruption with help from Risk Management Report - FREE. Sign Up Now!

Advertisement. Closing in 15 seconds.