Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, reinsurance, retirement, and health solutions. Founded in 1982 through the merger of Ryan Insurance Group and Combined Insurance Company of America, Aon is headquartered in London, UK and operates in over 120 countries with approximately 50,000 employees worldwide.
Aon's business is divided into several key segments:
Commercial Risk Solutions: Provides risk advisory, risk transfer, and structured solutions to help organizations better identify, quantify and manage their risk exposure. This includes retail brokerage, affinity products, and managing general underwriting services.
Reinsurance Solutions: Offers sophisticated advisory services in program design and claim recoveries to enhance insurance policy portfolios and improve capital utilization.
Health Solutions: Partners with organizations to solve complex benefits challenges and improve business performance through employee health and benefits consulting.
Wealth Solutions: Provides retirement consulting and administration services to help improve financial outcomes for plan sponsors and participants.
In 2023, Aon reported total revenue of USD 13.4 billion, up from USD 12.5 billion in 2022. The company has pursued growth through strategic acquisitions over the years, including major deals like Hewitt Associates in 2010 and a planned (but ultimately abandoned) merger with Willis Towers Watson in 2021. Aon continues to focus on expanding its capabilities and global reach to meet evolving client needs in areas like cyber risk, climate change, and health solutions. The company aims to leverage data and analytics to provide more innovative risk management and human capital solutions for clients across industries.
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