Aon (2024)

Aon: Everything you need to know

Headquarters address

The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AN, UK

Revenue

US$3.1 billion (2022)

Size (employees)

60,000+

Global locations

Argentina, Angola, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Barbados, Belgium, Belize, Bermuda, Bolivia, Botswana, Brazil, British Virgin Islands, Bulgaria, Canada, Cayman Islands, Chile, China, Colombia, Costa Rica, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Fiji, Finland, France, Germany, Ghana, Gibraltar, Greece, Guatemala, Guernsey, Guyana, Haiti, Honduras, Hong Kong SAR, Hungary, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Korea, Kuwait, Latvia, Lebanon, Lithuania Luxemburg, Malaysia, Malta, Mexico, Morocco, The Netherlands, New Zealand, Nicaragua, Norway, Oman, Panama, Papua New Guinea, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Suriname, Sweden, Switzerland, Taiwan, Thailand, Trinidad and Tobago, Turkey, Turks and Caicos Island, Ukraine, UAE, UK, USA, Uruguay, Venezuela, Vietnam, Yemen
Underwriting ExpertiseCommercial re/insurance, insurance-linked securities, White Rock
Key PeopleCEO: Greg Case

About Aon

Aon is a global professional services firm that provides a wide range of risk, reinsurance, retirement, and health solutions. With more than 50,000 employees in 120 countries, the company supports customers worldwide by using propriety data and analytics to deliver insights that improve performance.

Aon’s commercial risk solutions offer risk advisory, risk transfer, and structured solutions that help business customers better identify, quantify, and manage risk exposure. Meanwhile, the company’s reinsurance solutions provide risk transfer, claims advocacy, and capital management solutions to help insurers and reinsurers reduce volatility and make their business resilient.

Aon’s retirement solutions offer retirement, investment, and human capital solutions that help employers, investment officers, and fiduciaries manage risk and optimise results in a volatile market environment. Meanwhile, its health solutions offer consulting, global benefits, and exchange solutions that help customers mitigate rising health care costs and improve employee health and wellbeing.

History of Aon

Aon’s roots can be traced to the integration of Ryan Insurance Group and Combined International Corporation in 1982. Throughout the 1980s and 1990s, the company expanded globally through organic growth and acquisitions.

The firm has been able to acquire some of the most well-known companies in the insurance and consulting industries – including Hudig-Langeveldt; Rollins Burdick Hunter; Reinsurance Agency; Miller, Mason, & Dickenson; Alexander & Alexander; and Benfield.

Aon aims to be the most responsive, client-focused insurance and consulting services firm in the world.

Leadership at Aon

Greg Case – CEO
Case is the CEO and a board member of Aon plc. He achieved an MBA from Harvard Business School and graduated summa cum laude from Kansas State University. Before joining Aon, he led the global insurance and financial services practice of international management consultant McKinsey & Company. He also worked with the investment banking firm Piper, Jaffray, & Hopwood and the Federal Reserve Bank.

Aside from being a member of Aon’s board of directors, he also serves on the boards of Ann & Robert H. Lurie Children’s Hospital, CEOs Against Cancer, Discover Financial Services, Field Museum of Natural History, and St. John’s University School of Risk Management.

Culture at Aon

Aon strives to make a meaningful difference for clients and communities around the world by focusing on risk, retirement, and health. It has scored 100 from the Human Rights Campaign for 13 consecutive years and has provided $1.4 billion in disaster relief, the largest ever earthquake catastrophe bond that aims to help countries recover quicker from devastating earthquakes. It has also offered $120 million philanthropic funding since 2009 and achieved a 60% reduction in greenhouse gas emissions since 2015.

In 2019, the company developed innovative approaches to help people impacted by earthquakes in Latin America through quick reconstruction. Its apprenticeship program also gives participants promising careers and the opportunity to contribute not only to the company but also its clients.

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Aon (2024)

FAQs

Aon? ›

Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions.

What exactly does Aon do? ›

Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions.

What type of insurance is Aon? ›

Aon is a global professional services firm that provides a wide range of risk, reinsurance, retirement, and health solutions. With more than 50,000 employees in 120 countries, the company supports customers worldwide by using propriety data and analytics to deliver insights that improve performance.

Is Aon a broker or insurance company? ›

Aon Risk Solutions is the worldwide leader in risk management and insurance broking.

What is the meaning of Aon? ›

All or none (AON) is a common type of contingent order that specifies the entire size of the order must be filled and that partial fills will not be accepted. AON orders thus involve a directive used on a buy or sell order that instructs the broker to fill the order completely or not at all.

Is Aon a good company? ›

Employees rate Aon 3.9 out of 5 stars based on 6,949 anonymous reviews on Glassdoor.

How does Aon pay? ›

The average Aon salary ranges from approximately $45,994 per year for Administrative Assistant to $136,356 per year for Vice President. Average Aon hourly pay ranges from approximately $26.77 per hour for Intern to $27.92 per hour for Senior Broker.

Is Aon a big company? ›

Aon has approximately 50,000 employees across 120 countries.

What services does Aon have? ›

  • Claims Consulting.
  • Credit Solutions.
  • Crisis Management.
  • Cryptocurrency & Blockchain Risk Management.
  • Cyber Solutions.
  • Directors' and Officers' Liability.
  • Environmental Risk Services.
  • Ergonomics Consulting.

Is Aon a benefits broker? ›

Using our strategic insights, extensive data and analytics capabilities and innovative solutions, Aon's benefits consulting and broking practice helps companies optimize benefits spend by mitigating risk and reducing cost while supporting employee needs.

Who owns Aon Insurance? ›

Who owns Aon? Aon (NYSE: AON) is owned by 78.01% institutional shareholders, 14.11% Aon insiders, and 7.89% retail investors. Patrick G. Ryan is the largest individual Aon shareholder, owning 16.70M shares representing 7.68% of the company.

How prestigious is Aon? ›

Aon is proud to be a 'Times Top 100 Graduate Employer 2018'. Almost 50% of university students reference this list when applying for graduate roles.

Is Aon the largest broker in the world? ›

Aon reported $12.4 billion in brokerage revenue in 2022, up 1.8% from the prior year, and remains No. 2 in Business Insurance's ranking of the world's largest brokerages.

Who competes with AON? ›

Aon main competitors are Deloitte, Watson Wyatt, and Milliman. Competitor Summary.

What is AONS' purpose? ›

We provide our clients with the advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business. Our collaborative approach ensures every Aon client is better informed, better advised and able to make better decisions that protect and grow their business.

Why work for AON? ›

Going beyond fair and competitive pay and rewards, our firm offers colleagues a benefits program that supports balance and wellbeing. Colleagues are recognized and appreciated for their unique points of view and contributions and have numerous career development opportunities.

What is the purpose of Aon? ›

We provide our clients with the advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business. Our collaborative approach ensures every Aon client is better informed, better advised and able to make better decisions that protect and grow their business.

What is the function of the Aon? ›

The AON distributes the information to the contralateral olfactory bulb and piriform cortex as well as engaging in reciprocal interactions with the ipsilateral bulb and cortex. Therefore, the AON is positioned to regulate information flow between nearly every region where odor information processing occurs.

What is the core business of Aon? ›

Aon plc is the leading global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing.

What does Aon Specialise in? ›

  • Aerospace & Aviation.
  • Construction.
  • Digital Economy.
  • Education.
  • Energy.
  • Financial Institutions.
  • Fintech Insurance.
  • Fuel, Gas and Lubricants.

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