This edition of International People Moves details appointments at Aon plc and Arch Insurance International.A summary of these new hires follows here. Aon Promotes Fraccalvieri as CEO of Global Facultative Re, Succeeding LaingInsurance broker Aon plc announced that Nick Fraccalvieri has been named CEO of global facultative for Aon’s Reinsurance Solutions, effective March 1, 2026.Fraccalvieri joined Aon in 2023 to lead the firm’s EMEA facultative reinsurance operations, bringing with him more than 25 years’ ...

Core Insights - Aon plc is consolidating its three Mumbai offices into a single modern location at One Unity Centre, enhancing collaboration and innovation among approximately 450 employees [1][3] - The new office aims to provide a sustainable and accessible workplace that fosters creativity and teamwork, aligning with Aon's smart working approach [2][3] Company Strategy - The consolidation of offices is a strategic move to unite teams in Mumbai, reflecting Aon's commitment to innovation and client service across various industries [2][3] - Aon has a strong national presence in India with 17 locations, enabling the firm to deliver integrated solutions and local expertise to clients [2][5] Leadership Perspective - Rishi Mehra, CEO of Aon India, emphasized that the new office represents a significant milestone for the company, reinforcing its commitment to helping organizations navigate complex challenges [3] Workplace Features - The new office includes technology-enabled meeting rooms, flexible collaboration zones, and facilities focused on employee wellbeing, designed to create a future-ready workplace [3]

Core Insights - Aon has expanded its partnership with Ferrari to include high-performance sailing through the Ferrari Hypersail initiative, aiming to promote innovation and resilience in competitive sports [1] - The partnership will leverage Aon's data-driven insights and Ferrari's engineering excellence to enhance decision-making in ocean racing [1] Group 1: Partnership Details - Aon will serve as the Premium Partner of Ferrari Hypersail, which is a marine initiative focused on high-performance sailing [1] - The collaboration extends from Aon's previous role as an Official Partner of the Scuderia Ferrari HP Formula One team, established in 2025 [1] - The partnership will feature brand applications on the boat, crew uniforms, and global event integrations [1] Group 2: Project Specifications - The Ferrari Hypersail project involves a 30-meter monohull prototype designed for stability and self-sufficiency, generating its own power entirely from renewable energy [1] - Key innovations include a canting keel with a foil for support during flight, complemented by a rudder and two lateral foils [1] - The boat is currently under construction in Italy and is set to launch in 2026, with sea trials to follow shortly thereafter [1] Group 3: Leadership and Vision - Giovanni Soldini, a renowned sailing pioneer, leads the initiative, bringing extensive expertise from his long-standing collaboration with Aon [1] - Aon aims to broaden its reach and engage a diverse audience, including companies, sports enthusiasts, and innovators, through this partnership [1] - Ferrari views Aon as a natural partner for this project, emphasizing the importance of performance and risk management in the initiative [1]

Revenue Growth - Total revenue increased by $1.5 billion, or 9%, to $17.2 billion in 2025, reflecting 6% organic revenue growth and contributions from NFP[179] - Risk Capital revenue rose by $773 million, or 7%, to $11.3 billion, while Human Capital revenue increased by $698 million, or 13%, to $5.9 billion in 2025[179] - Total revenue increased by 9% to $17.181 billion in 2025, with organic revenue growth of 6% driven by Commercial Risk Solutions and Reinsurance Solutions[207] Net Income and Earnings - Net income reached $3.8 billion in 2025, an increase of $1.0 billion, or 38%, from 2024[179] - Adjusted diluted earnings per share was $17.07 in 2025, up by $1.47 per share, or 9%, from $15.60 in 2024[179] - Net income attributable to Aon shareholders increased by $1.0 billion to $3.7 billion, or $17.02 per diluted share, in 2025, compared to $2.7 billion, or $12.49 per diluted share, in 2024[204] Operating Performance - Operating expenses increased by $1.0 billion, or 8%, to $12.8 billion, primarily due to the inclusion of NFP's operating expenses[179] - Adjusted operating margin improved to 32.4% in 2025 from 31.5% in the prior year, driven by organic revenue growth and restructuring savings[179] - Total operating income increased by $509 million, or 13%, to $4.3 billion in 2025[194] - Adjusted operating income increased by $624 million, or 16%, to $5.563 billion in 2025, with an adjusted operating margin of 32.4%[213] Cash Flow - Free cash flow increased by $401 million, or 14%, to $3.2 billion in 2025, reflecting strong cash flows from operations[179] - Cash provided by operating activities increased to $3,481 million in 2025, up from $3,035 million in 2024, demonstrating strong operational performance[234] - The company's free cash flow for 2025 was $3,218 million, an increase from $2,817 million in 2024, reflecting improved cash generation capabilities[224] Expenses and Costs - Compensation and benefits rose by $702 million, or 8%, in 2025, mainly due to the inclusion of NFP's operating expenses[187] - Amortization and impairment of intangible assets increased by $275 million, or 55%, in 2025, primarily due to the acquisition of intangible assets from NFP[191] - Human Capital total operating expenses increased by $431 million, or 11%, to $4.5 billion in 2025, primarily due to increased compensation and benefits[196] Interest and Other Income - Interest income decreased by $48 million, or 72%, to $19 million in 2025, reflecting the investment of $5 billion of term debt proceeds used for the acquisition of NFP[197] - Interest expense increased by $27 million, or 3%, to $815 million in 2025, driven by an increase in average total debt outstanding[198] - Other income rose to $1.2 billion in 2025, compared to $348 million in 2024, mainly due to gains from the sale of the NFP Wealth business[199] Tax and Compliance - The effective tax rate for 2025 was 21.2%, compared to 21.4% in 2024, with an adjusted effective tax rate of 19.5%[219] - The Company maintained compliance with financial covenants and had no borrowings under its primary committed credit facilities as of December 31, 2025[259] Pension and Benefits - Pension contributions rose to $99 million in 2025 from $58 million in 2024, with expectations of approximately $93 million in contributions for 2026[235] - The company sponsors defined benefit pension plans in multiple countries, with significant plans located in the U.S., U.K., Netherlands, and Canada, which are closed to new entrants[289] - Changes in the value of pension obligations and plan assets are recognized in Other comprehensive income and amortized into net income as part of net periodic pension cost[291] Acquisitions and Disposals - The Company completed the sale of a significant majority of NFP's wealth businesses for total cash proceeds of $2.3 billion, recognizing a pre-tax gain of $1.2 billion[244] - Total cash consideration for acquisitions in 2025 was $394 million, down from $3.5 billion in 2024[243] Financial Position - Total current assets amounted to $3.070 billion, while total current liabilities were $14.710 billion, indicating a significant liquidity challenge[279] - As of December 31, 2025, the Company had distributable profits in excess of $30.1 billion, indicating sufficient capacity for future share repurchases or dividends[256] Risk Management - The company is exposed to foreign exchange rate risk, primarily between the U.S. dollar and currencies such as the euro, British pound, and Japanese yen, using over-the-counter options and forward contracts to mitigate this risk[328] - The company has implemented various strategies to manage risks associated with interest rates and foreign exchange rates, as detailed in its financial statements[327]

Core Viewpoint - Aon has appointed Joe Peiser as CEO of Risk Capital to enhance its capabilities in navigating increasing volatility and connecting risk with efficient capital solutions [1] Group 1: Leadership Appointment - Joe Peiser will lead Aon's Risk Capital capabilities across Commercial Risk and Reinsurance Solutions, reporting to Andy Marcell, CEO of Global Solutions [1] - Aon is currently searching for a new CEO of Commercial Risk, indicating a strategic restructuring within the leadership [1] Group 2: Strategic Focus - Peiser's appointment aligns with Aon's strategy to strengthen its Risk Capital offerings, helping clients manage complex risk environments [1] - The firm aims to enhance its Risk Capital strategy through innovation in risk-transfer instruments, advisory expansion, advanced analytics, and capital distribution across various markets [1] Group 3: Peiser's Background - Joe Peiser has over 30 years of industry experience, including roles in broking leadership, risk consulting, and client advisory across North America, the UK, and Bermuda [1] - He joined Aon in 2021 as Commercial Risk Leader for North America and became Global CEO of Commercial Risk in 2023, showcasing a rapid career progression within the company [1] Group 4: Client-Centric Approach - Peiser emphasized the importance of Aon's ability to connect expertise, analytics, and diverse capital pools to help clients make informed decisions [1] - The firm aims to deliver impactful end-to-end solutions that enhance client value through a more connected and analytics-enabled capital ecosystem [1]

Core Viewpoint - AM Best will sponsor and exhibit at Aon's Florida (Re)Insurance Conference scheduled for February 9-11, 2026, in Coral Gables, Florida [1] Group 1 - The conference will take place at the Loews Coral Gables Hotel [1] - Todd Burrows, senior account manager at AM Best, will be present to discuss Best's Credit Ratings and Performance Assessments for Delegated Underwriting Authority Enterprises (DUAEs) [1] - AM Best will provide various resources for insurance professionals during the event [1]

Core Insights - Aon plc and KNIAZHA VIENNA INSURANCE GROUP have established a $25 million reinsurance facility agreement with the U.S. International Development Finance Corporation to support war-risk insurance in Ukraine [1][2] - The facility will provide reinsurance coverage of up to $100 million on a portfolio of war risk insurance policies, enabling KNIAZHA VIG to offer innovative insurance solutions to SMEs and private individuals in Ukraine [2][3] - Aon's efforts in Ukraine have mobilized over $490 million in public and private capital to bolster the economy and facilitate foreign investment during the ongoing conflict [3][6] Company and Industry Contributions - The partnership with DFC is a significant step in enhancing KNIAZHA's role in Ukraine's rebuilding process, reflecting a long-term commitment to the country [3] - By expanding insurance solutions for SMEs and private individuals, the collaboration aims to create a resilient platform that empowers communities and unlocks new market opportunities [3] - Aon has previously organized a €110 million ($115 million) insurance facility in collaboration with the European Bank for Reconstruction and Development to support Ukraine's economic recovery [3][6]

Core Insights - The Q1 2026 Insurance Labor Market Study results will be presented in a complimentary webinar on February 19, 2026, at 1 p.m. CST, conducted by The Jacobson Group and Aon plc [1][2] - The study surveyed insurance carriers from January 12 to February 1, focusing on hiring and revenue plans for the next 12 months [2] - Key findings will be discussed by Jeffrey Blair from The Jacobson Group and Jeff Rieder from Aon, highlighting labor market trends and staffing expectations for the upcoming year [2][3] Industry Trends - The talent marketplace in the insurance industry is evolving, with leaders making strategic decisions that will affect their organizations' success in 2026 and beyond [3] - Financial performance in the insurance industry was strong in 2025, but analysts predict potential softening market conditions that may influence talent strategies based on product and geographic factors [3] Company Profiles - The Jacobson Group has over 50 years of experience as a leading provider of talent to the insurance industry, offering executive search services and comprehensive staffing solutions [4] - Aon plc operates globally, providing clients with insights and solutions to make better risk and people decisions, serving over 120 countries [6]

Core Insights - Aon plc is a leading global professional services firm specializing in risk, retirement, and health solutions, operating in over 120 countries with significant competition from Marsh & McLennan Companies and Willis Towers Watson [1] Stock Performance and Analyst Ratings - Citigroup upgraded Aon's stock to a "Buy" rating on February 3, 2026, raising the price target from $402 to $412, indicating confidence in Aon's growth potential despite a slight stock decrease of 0.86% [2][6] - Aon's stock price fluctuated between $348.25 and $358.04, currently priced at $349.61, with a market capitalization of approximately $75.14 billion [4][6] Institutional Investor Activity - Principal Financial Group Inc. reduced its holdings in Aon by 1.8%, selling 4,701 shares, leaving them with 256,631 shares valued at about $91.5 million [3] - Flaharty Asset Management LLC acquired a new position in Aon valued at $274,000, while Mutual Advisors LLC increased its stake by 292.4%, indicating growing interest from institutional investors [3][6] Trading Volume and Market Interest - Today's trading volume for Aon is 1,074,129 shares, reflecting active investor interest and market attention following the recent upgrade by Citigroup [5][6]

Core Insights - Aon PLC is a leading global professional services firm specializing in risk, retirement, and health solutions, operating in over 120 countries and competing with Marsh & McLennan Companies and Willis Towers Watson [1] Financial Performance - Aon's stock price is currently $349.64, reflecting a 1.95% increase or $6.69, with a market capitalization of approximately $75.15 billion [5] - Elyse Greenspan from Wells Fargo has set a price target of $443 for Aon, indicating a potential price increase of approximately 26.7% based on the current stock price [2][6] - Aon reported sustained organic revenue growth and margin expansion in 2025, contributing to a positive financial outlook for 2026 with expectations of continued mid-single-digit or better organic growth [3][6] Strategic Initiatives - Aon's CEO, Greg Case, described 2025 as a year of "great strategic progress," driven by the execution of the "3×3 plan," which focuses on integrating risk and human capital, expanding Aon Client Leadership, and enhancing capabilities through Aon Business Services [3] Innovation and Growth - Innovation has been a key driver of Aon's success, with the expansion of Risk Analyzers and the introduction of new tools like Aon Broker Copilot and Claims Copilot [4] - Aon experienced significant growth in alternative capital solutions, with cat bond market issuance increasing by over 40% in 2025, supporting the company's goal of enhancing efficiency and client service [4][6]