Core Viewpoint - Aon and the EBRD have launched a €110 million guarantee scheme to support the war risk insurance market in Ukraine, aiming to revitalize the local economy and attract international reinsurers [1][2][3] Group 1: Guarantee Scheme Details - The new Ukraine Recovery and Reconstruction Guarantee Facility will provide reinsurance capacity for international reinsurers and local Ukrainian insurers to cover war-related risks [2] - The facility is designed to leverage existing market infrastructure and risk transfer mechanisms to protect private sector investors [2] - The scheme will initially cover inland cargo, motor vehicle damage, and railway rolling stock, with potential expansion based on market demand [6] Group 2: Market Impact - The facility aims to stimulate business activity and economic growth in Ukraine by making war risk insurance more accessible [3] - It is expected to enable the provision of war risk coverage to businesses and small and medium-sized enterprises at scale through local insurers INGO, Colonnade, and UNIQA [5] - The EBRD's guarantee may insure up to €1 billion worth of goods and vehicles in transit each year, driving significant economic impact [6] Group 3: International Engagement - The global specialty reinsurer MS Amlin is the first international reinsurance partner to join the EBRD facility, allowing them to re-engage with Ukrainian insurers [4] - The facility is backed by contributions from France, the United Kingdom, Norway, Taiwan, the European Union, and Switzerland, with additional donor support expected [7] - Coordination with the Ukrainian Ministry of the Economy and the National Bank of Ukraine ensures the provision of war risk insurance policies to local companies [8] Group 4: Statements from Key Figures - EBRD President Odile Renaud-Basso emphasized the milestone for Ukraine and the importance of building a resilient insurance market to boost business confidence [9] - Aon CEO Greg Case highlighted the firm's commitment to identifying investment opportunities in Ukraine during the ongoing war [10] - Ukrainian Deputy Prime Minister Yulia Svyrydenko expressed gratitude for the insurance mechanism, which is expected to support small and medium-sized businesses and attract investments [10] Group 5: Aon's Previous Efforts - Aon's initiatives over the past year have represented more than $465 million in public and private capital for war risk insurance in Ukraine [10] - The firm collaborated with the U.S. International Development Finance Corporation to create a pioneering insurance program for businesses operating in Ukraine [10] - The EBRD has deployed €5 billion in Ukraine since February 2022, focusing on energy security, infrastructure, food security, and the private sector [11]

CHICAGO, Dec. 11, 2024 /PRNewswire/ -- Aon plc (NYSE: AON) reports that more U.S. hospitals are reporting steady or lower employee turnover after bolstering pay and benefits to help attract and retain talent, according to the firm's 19th annual Benefits Survey of Hospitals.Seven percent of hospitals reported increased turnover among nurses (compared to 62 percent in 2023) and five percent experienced higher departures among non-physician clinical positions (compared to 41 percent in 2023) and nine percent s ...

Aon plc (AON) recently announced a record-breaking renewal of its Aon Client Treaty (ACT) for 2025. ACT is AON’s signature London Market placement facility, which aids clients in securing new sources of risk capital.Now entering its 10th year, ACT will provide co-insurance of 28.5% of the business placed through Aon’s Global Broking Centre in London. This marks the largest capacity increase from 22.5% in 2024. Moreover, the treaty has added three new market partners, and all current participants have renewe ...

Group 1 - Aon plc has appointed Anne Corona as CEO of Enterprise Clients and global chief commercial officer, effective January 1, 2025, to enhance its commercial capabilities and better serve clients [1][2] - In her new role, Corona will collaborate with Aon's Enterprise Client Group leaders and regional chief commercial officers to implement the next generation Aon Client Leadership strategy, focusing on delivering integrated solutions [2][3] - Lori Goltermann, CEO of Regions and North America for Aon, emphasized that Corona's leadership and strategic vision will strengthen Aon's capabilities to help clients navigate complex risk and people issues [3] Group 2 - Corona has nearly 25 years of experience with Aon, previously serving as CEO of Asia Pacific, where she drove innovation and growth while enhancing client relationships [3][4] - She aims to support Aon's commitment to innovation, which differentiates the firm in serving clients across Risk Capital and Human Capital [4] - Aon operates in over 120 countries, providing clients with actionable insights and integrated expertise to make informed decisions that protect and grow their businesses [4]

Flagship facility will grow to co-insure 28.5 percent of business placed by Aon's Global Broking Centre, a record increase as it enters its tenth year Renewal includes three-year letter of intent from market partners and introduction of "ACT Client Dividend" — two landmark client featuresLONDON, Dec. 2, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced the successful renewal and expansion of the Aon Client Treaty (ACT). ACT is the firm's signature London ...

Aon plc (AON) is strengthening its analytics capabilities while achieving growth through robust client retention and consistent new business acquisitions. The company has seen its shares rise 41.8% in the past six months, outpacing the industry’s 29.7% growth. The company also outperformed the S&P 500’s return of 14.2% during this period.AON’s Six-Month Price PerformanceImage Source: Zacks Investment ResearchThe stock is trading above its 50-day and 200-day moving averages, indicating solid upward momentum. ...

Unique season-long competition rewards the best decision maker on the LPGA Tour NAPLES, Fla., Nov. 19, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, and the LPGA Tour today announced Jeeno Thitikul as the winner of the 2024 Aon Risk Reward Challenge. As the champion of the season-long competition, Thitikul will receive both the Aon Trophy and a $1 million prize in recognition of her exceptional decision-making on the most strategically challenging holes throughout th ...

Tool enables risk managers, brokers and CISOs to better evaluate cyber risk and maximize insurance value Cyber Risk Analyzer is the latest release under Aon Actionable Analytics, which already includes Property Risk, Casualty Risk, D&O Risk and Health Risk analyzers CHICAGO, Nov. 18, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today launched its Cyber Risk Analyzer, a digital application that allows risk managers to make data-driven, technology-enabled decisions t ...

DUBLIN, Nov. 1, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced the signing of a definitive agreement to acquire UK-based insurance broker Griffiths & Armour. Upon completion of the transaction, Griffiths & Armour will become wholly-owned by Aon UK Limited and is proposed to go to market as "Griffiths & Armour, an Aon company".The acquisition closely aligns with Aon's strategy to further expand its presence in the UK and Ireland. The combination will pr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-7933 Aon plc (Exact Name of Registrant as Specified in Its Charter) IRELAND 98-1539969 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Iden ...