Aon plc is a British-American multinational corporation that provides professional services to clients around the world. The company was formed in 1982 through the merger of Ryan Insurance Group and Combined Insurance Company of America. Aon is headquartered in London, England, and is listed on the New York Stock Exchange (NYSE) under the ticker symbol AON.
History and Evolution
Aon’s history dates back to the 19th century, when its predecessor companies were founded. The company has undergone significant changes and mergers over the years, with the most notable being the merger of Ryan Insurance Group and Combined Insurance Company of America in 1982. This merger created Aon, which was initially known as Combined International Corporation. In 1987, the company changed its name to Aon Corporation, and in 2012, it changed its name again to Aon plc following its redomestication to the United Kingdom.
Key Milestones
Aon has achieved several key milestones throughout its history. In 1997, the company acquired The Minet Group, a global insurance broker, for 730 million. This acquisition significantly expanded Aon's operations and increased its global presence. In 2008, Aon acquired Benfield Group, a leading reinsurance broker, for 1.4 billion. This acquisition further strengthened Aon’s position in the reinsurance market and expanded its client base.
| Year | Event | Impact |
|---|---|---|
| 1982 | Merge of Ryan Insurance Group and Combined Insurance Company of America | Formation of Aon |
| 1997 | Acquisition of The Minet Group | Expansion of global operations |
| 2008 | Acquisition of Benfield Group | Strengthening of reinsurance market position |
Services and Solutions
Aon provides a wide range of professional services to clients across various industries. The company’s services include risk management, insurance brokerage, and human capital consulting. Aon’s risk management services help clients identify, assess, and mitigate risks, while its insurance brokerage services provide clients with access to a wide range of insurance products and services. The company’s human capital consulting services help clients manage their workforce and optimize their human capital.
Risk Management Services
Aon’s risk management services include risk assessment, risk mitigation, and risk transfer. The company’s risk assessment services help clients identify potential risks and assess their impact, while its risk mitigation services provide clients with strategies to reduce or eliminate risks. Aon’s risk transfer services help clients transfer risks to third parties, such as insurers or reinsurers.
Aon's risk management services are designed to help clients manage and mitigate risks in a rapidly changing business environment. The company's data analytics capabilities enable clients to make informed decisions about risk management, while its global reach provides clients with access to a wide range of risk management solutions.
What types of services does Aon provide?
+Aon provides a wide range of professional services, including risk management, insurance brokerage, and human capital consulting.
What is Aon's global presence?
+Aon has a significant global presence, with operations in over 120 countries and a network of over 50,000 employees.
Industry Insights and Trends
The professional services industry is rapidly evolving, with digital transformation and data analytics playing a significant role in shaping the industry’s future. Aon is well-positioned to capitalize on these trends, with its investments in technology and data analytics capabilities enabling the company to provide clients with innovative solutions and services.
Future Implications
The future of the professional services industry will be shaped by a range of factors, including technological advancements, changing client needs, and increasing competition. Aon’s ability to adapt to these changes and provide clients with innovative solutions and services will be critical to its success in the future.
Aon’s global reach and diversified service offerings provide the company with a strong foundation for growth and expansion. The company’s investments in technology and data analytics capabilities will enable it to capitalize on emerging trends and provide clients with innovative solutions and services.
