Aon plc is a leading global professional services firm that provides a wide range of risk, retirement, and health solutions to its clients. The company is headquartered in London, United Kingdom, and is listed on the New York Stock Exchange (NYSE) under the ticker symbol AON. As of 2022, the CEO of Aon is Greg Case, who has been leading the company since 2008. Under Case's leadership, Aon has undergone significant transformations, including the acquisition of Willis Towers Watson in 2020, which created one of the largest insurance brokerage and consulting firms in the world.
Company History and Evolution
Aon was founded in 1982 by Patrick Ryan, and it quickly grew to become one of the largest insurance brokerage firms in the United States. Over the years, the company has undergone several mergers and acquisitions, including the acquisition of Combined Insurance Company of America in 2008 and the acquisition of Hewitt Associates in 2010. In 2020, Aon announced its plans to acquire Willis Towers Watson, a rival insurance brokerage and consulting firm, in a deal valued at $30 billion. The acquisition was completed in 2021, and it created a global powerhouse with over 50,000 employees and operations in more than 120 countries.
Business Segments and Services
Aon operates through three main business segments: Commercial Risk Solutions, Reinsurance Solutions, and Health Solutions. The Commercial Risk Solutions segment provides a range of risk management services, including insurance brokerage, risk assessment, and claims management, to commercial clients. The Reinsurance Solutions segment provides reinsurance brokerage and advisory services to insurance companies, while the Health Solutions segment provides health and benefits consulting services to employers and organizations. Aon also offers a range of other services, including retirement consulting, investment consulting, and data and analytics services.
| Business Segment | Description |
|---|---|
| Commercial Risk Solutions | Insurance brokerage, risk assessment, and claims management services |
| Reinsurance Solutions | Reinsurance brokerage and advisory services |
| Health Solutions | Health and benefits consulting services |
Aon's clients include a wide range of organizations, from small businesses to large multinational corporations, as well as governments and non-profit organizations. The company's services are designed to help its clients manage risk, improve performance, and achieve their goals. Aon's team of experts uses advanced data and analytics to provide insights and recommendations that help clients make informed decisions about their risk management and benefits strategies.
Leadership and Governance
Greg Case has been the CEO of Aon since 2008, and he has been instrumental in shaping the company’s strategy and direction. Under Case’s leadership, Aon has focused on building a global platform that can provide a wide range of services to clients around the world. The company’s board of directors includes a number of experienced executives and industry experts, who provide guidance and oversight to the company’s management team.
Aon's leadership team includes a number of experienced executives, including Christa Davies, who serves as the company's Chief Financial Officer, and Andrew Holmes, who serves as the company's Chief Operating Officer. The company's leadership team is committed to delivering value to clients, shareholders, and employees, and to building a sustainable and successful business that can thrive over the long term.
Corporate Social Responsibility
Aon is committed to being a responsible corporate citizen, and the company has a number of initiatives in place to support its communities and promote sustainability. The company’s corporate social responsibility (CSR) program focuses on three main areas: diversity, equity, and inclusion, environmental sustainability, and community engagement. Aon’s CSR program is designed to make a positive impact on the communities where the company operates, and to support the well-being of its employees and clients.
| CSR Initiative | Description |
|---|---|
| Diversity, Equity, and Inclusion | Programs to promote diversity, equity, and inclusion in the workplace and in the communities where Aon operates |
| Environmental Sustainability | Initiatives to reduce Aon's environmental impact, including reducing energy consumption and waste |
| Community Engagement | Programs to support local communities, including volunteer programs and charitable donations |
In conclusion, Aon is a leading global professional services firm that provides a wide range of risk, retirement, and health solutions to its clients. The company has a long history of innovation and growth, and it has undergone significant transformations in recent years, including the acquisition of Willis Towers Watson. Under the leadership of CEO Greg Case, Aon is well-positioned to continue to deliver value to its clients, shareholders, and employees, and to build a sustainable and successful business that can thrive over the long term.
What services does Aon provide to its clients?
+Aon provides a wide range of services to its clients, including risk management, retirement consulting, health and benefits consulting, and data and analytics services.
Who is the CEO of Aon?
+Greg Case is the CEO of Aon, and he has been leading the company since 2008.
What is Aon’s corporate social responsibility program focused on?
+Aon’s corporate social responsibility program is focused on three main areas: diversity, equity, and inclusion, environmental sustainability, and community engagement.
