This edition of International People Moves details appointments at the re/insurance brokers Miller and Aon in the UK.A summary of these new hires follows here. Miller Taps Menn From Intact/RSA as Head of FranceMiller, the London-based independent specialist re/insurance broker, announced the appointment of Rodolphe Menn as head of France, further strengthening the firm’s presence in the country.With over 25 years of industry experience, Menn brings strategic experience and proven leadership expertise to the ...

Core Insights - Aon has appointed Simon Chisholm as the chairman of Asia for Reinsurance Solutions, effective from January 1, 2026, to enhance client relationships in key markets like Japan and Thailand [1][2] Group 1: Appointment and Responsibilities - Chisholm will lead the Global Clients Segment within the Asian markets, focusing on strengthening client relationships [1] - He will operate from Singapore and report to Asia Reinsurance Solutions CEO Soeren Soltysiak [2] - His extensive experience at Aon and knowledge of both Asia and global markets make him a suitable fit for this role [3] Group 2: Strategic Alignment - Chisholm's appointment is part of Aon's strategy to align services with the diverse needs of clients across Asia, Europe, and the US [2] - Aon APAC Reinsurance Solutions CEO Rupert Moore emphasized Chisholm's central role in partnering with major insurers in the region [2][3] Group 3: Product Development - Aon recently expanded its analytics offerings with the enhanced TPI Portfolio, aimed at helping insurers assess risk profiles and make data-driven underwriting decisions [3] - The TPI Portfolio supports sectors in monitoring sustainability progress, particularly in reducing emissions, aligning with Aon's 3×3 Plan and Risk Capital Strategy [4]

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Core Points - Aon plc plans to announce its third-quarter results on October 31, 2025, at 6:30 AM ET [1] - Aon’s President and CEO Greg Case, along with CFO Edmund Reese, will host a conference call at 8:30 AM ET on the same day, which will be available live on Aon's Investor Relations website [2] - Aon operates in over 120 countries, providing clients with insights and solutions in risk and human capital management [3]

Dublin, Ireland-based Aon plc (AON) operates as a professional services firm with clients in over 120 countries across the globe. With a market cap of $78.9 billion, Aon’s offerings include risk management services, insurance and reinsurance brokerage, human resource consulting, and outsourcing services. The financial sector giant is expected to announce its third-quarter results before the end of October. Ahead of the event, analysts expect Aon to deliver a non-GAAP profit of $2.89 per share, up 6.3% fro ...

Core Insights - India Inc has issued the lowest pay hike in nearly 15 years, indicating a cooling job market and uncertain prospects for future appraisals [1][3] - The average salary increment for 2025 was projected at 9.2% but actual hikes were only 8.9%, the lowest since 2020 [3][5] - Real wage growth, after adjusting for inflation, stands at 4.7% despite the nominal salary hike of 8.9% [4] Salary Trends - Aon's report suggests a projected average salary increment of 9% for 2026, with certain sectors like non-banking financial companies and real estate expected to perform better [5] - The consulting sector is shifting towards a "pay for performance" model, with partner-level compensation hikes dropping from around 40% to 20% [6] Employment Dynamics - Involuntary attrition has reached 4.6%, the highest since the pandemic year, indicating a cautious job market where employees prefer job security [7] - The job market has shifted from a candidate-driven environment in 2022-2023 to a more cautious stance, with employees hesitant to switch jobs [8] Compensation Structure - The risk factor in compensation has increased, with a significant portion of pay now tied to performance and stock options [9] - Median salary hikes for CXOs in sectors like pharmaceuticals and tech can still reach 20-25% during job changes, indicating some resilience at the top levels [10]

Group 1: Aon plc - Aon plc appointed Anshuman Srivastava as its Reinsurance global chief broking officer [2] - Srivastava will report to George Attard and has held several senior leadership roles at Aon, contributing to the firm's reinsurance growth and broking strategies [3] - In his new role, he will work with reinsurers to create scalable products and align risk appetites with client needs [4] - Srivastava will leverage global insights and advanced data analytics to develop innovative capital solutions for clients [5] - George Attard emphasized the importance of sustainable reinsurer relationships in the evolving reinsurance landscape [6] Group 2: AXIS Capital Holdings Ltd. - AXIS Capital Holdings appointed Hannah Hosking as head of Distribution, Global Markets [6] - Hosking will report to Edward Ashby and collaborate with the Global Markets leadership team to strengthen strategic distribution partnerships [7] - She brings over 20 years of insurance industry experience, previously serving at AXA XL and Chubb [8] - Edward Ashby highlighted Hosking's critical role in enhancing broker relationships and aligning distribution strategy [9] - Sara Farrup noted that Hosking's market knowledge will be invaluable for AXIS Global Markets in driving leadership in specialty underwriting [10]

Economic Impact of Government Shutdown - The U.S. government shutdown is causing delays in key economic data, including the September jobs report, which is expected to heighten volatility and reinforce the Federal Reserve's data-dependency dilemma [2][5] - U.S. employers added only 22,000 jobs in August, with the unemployment rate rising to 4.3%, the highest since 2021, indicating a cooling labor market [1][3] Business Confidence and Planning - Businesses rely on official data for hiring, investment, and pricing decisions; the shutdown-induced data blackout undermines confidence and increases planning risk [3][5] - CFOs are advised to prioritize agility in scenario planning to prepare for market volatility and disruptions to federal contracts and operations [5] Employment Trends - In August, employers announced 85,979 job cuts, the highest total for that month since 2020, reflecting a challenging employment landscape [3] - ADP reported a decline of 32,000 jobs in the private sector for September, marking the first back-to-back monthly job losses since 2020 [4] Market Activity - E*TRADE reported that clients were net buyers across all 11 S&P 500 sectors in September, with consumer staples, utilities, and consumer discretionary sectors showing significant net buying activity [8][9] - Despite the defensive appearance of some buying activity, significant investments were made in nuclear power stocks and megacap stocks in the consumer discretionary sector [9] Risk Management Insights - Aon's Global Risk Management Survey indicates a rise in geopolitical volatility risks, now among the top 10 global risks, alongside cyber attacks and economic slowdown [11][12] - Only 14% of organizations track their exposure to the top 10 risks, highlighting a gap in risk management practices [12]

Group 1 - Aon plc is a leading global professional services firm providing risk, retirement, and health solutions, operating in over 120 countries [1] - Aon's competitors include Marsh & McLennan Companies and Willis Towers Watson, which also offer risk management and insurance brokerage services [1] Group 2 - Aon's stock price was $354.64 when a new price target of $427 was set by David Motemaden from Evercore ISI, indicating a potential upside of approximately 20.4% [2] - Currently, Aon's stock price is $356.69, reflecting a slight increase of 0.11 or about 0.03% [2] - Aon's stock has fluctuated between $353.49 and $356.98 on the same day [2] Group 3 - Aon's 2025 Global Risk Management Survey, now in its 19th year, includes insights from nearly 3,000 risk managers and executives across 63 countries [3] - The survey indicates a significant shift in the global risk landscape, with geopolitical volatility entering the top ten business risks for the first time [3] - This change highlights the growing instability affecting supply chains and financial performance [3] Group 4 - Despite the rise of geopolitical risks, cybersecurity remains the top concern for businesses [4] - Workforce-related risks have decreased in priority on the global risk agenda [4] - Aon's market capitalization is approximately $76.91 billion, with a trading volume of 210,328 shares [4] - Over the past year, Aon's stock has reached a high of $412.97 and a low of $323.73 [4]

Core Insights - Aon plc is positioned for sustained growth through new business wins, strategic acquisitions, operational efficiency, organic expansion, and shareholder-friendly initiatives [1] Strategic Acquisitions & Broader Reach - Aon is enhancing its capabilities and global presence through acquisitions like NFP and Griffiths & Armour, and partnerships with Cover Whale and Binary Defense, which improve regional presence and product offerings [3] - The company anticipates mid-single-digit or greater organic revenue growth [3] Operational Efficiency - Aon has achieved consistent earnings growth through disciplined cost control and effective execution, with the Aon United Restructuring program expected to unlock $350 million in annual savings by 2026 [4] - Management projects an adjusted operating margin expansion of 80–90 basis points for 2025 [4] Growing Health Solutions Numbers - The Health Solutions segment is experiencing strong demand, with revenues increasing by 9.4% in 2023, 37.1% in 2024, and 28.3% in the first half of 2025 [5] - Continued demand for executive benefits and pharmacy offerings is expected to drive further growth [5] Shareholder-Friendly Moves - Aon has returned significant value to shareholders through buybacks and dividends, repurchasing $1 billion in 2024 and an additional $500 million in the first half of 2025, with $1.8 billion remaining under its current authorization [6] - The company distributed $161 million in dividends in Q2 2025 and forecasts double-digit free cash flow growth for 2025 [6] AON's Earnings Surprise History - Aon's earnings have exceeded the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 3% [7] Challenges to Monitor - Aon's long-term debt was $15.5 billion at the end of Q2, with cash and equivalents dropping to $1 billion, resulting in a debt-to-capital ratio of 66%, significantly above the industry average of 49.7% [8] - Rising interest expenses increased by 19.2% in 2023 and surged 62.8% to $788 million in 2024, with a further increase of 18.6% year-over-year to $418 million in the first half of 2025 [8][10]