Aon Insurance
 |
|
| Public limited company | |
| Traded as |
|
| Industry | Professional services |
| Founded | 1982 |
| Founder | Patrick Ryan |
| Headquarters | London, United Kingdom |
|
Area served
|
Worldwide |
|
Key people
|
Gregory C. Case (President and CEO) Lester B. Knight (Chairman) |
| Services | Risk Consulting Retirement Consulting Health Consulting |
| Revenue |
 US$ 11,627.0 million (2016) |
 US$ 1,906.0 million (2016) |
|
|
US$ 1,396.0 million (2016) |
|
| Total assets |
US$ 26,615.0 million (2016) |
| Total equity |
US$ 5,475.0 million (2016) |
|
Number of employees
|
69,000 (2016) |
| Website | www |
Aon plc is a global professional services firm headquartered in London that provides risk, retirement and health consulting. Aon has approximately 500 offices worldwide, serving 120 countries with 69,000 employees.
In 2011, Aon was ranked as the largest insurance broker in the world based on revenue. Aon was the principal partner and global shirt sponsor of the Premier League team Manchester United F.C. from 2010 until 2014.
Aon was created in 1982 when the Ryan Insurance Group merged with the Combined Insurance Company of America. In 1987, that company was renamed Aon, a Gaelic word meaning "one".
In January 2012, Aon announced that its headquarters would be moved from Chicago to London.
W. Clement Stone's mother bought a small Detroit insurance agency, and in 1918 brought her son into the business. Mr. Stone sold low-cost, low-benefit accident insurance, underwriting and issuing policies on-site. The next year he founded his own agency, the Combined Registry Co.
As the Great Depression began, Stone reduced his workforce and improved training. Forced by his son's respiratory illness to winter in the South, Stone moved to Arkansas and Texas. In 1939 he bought American Casualty Insurance Co. of Dallas, Texas. It was consolidated with other purchases as the Combined Insurance Co. of America in 1947. The company continued through the 1950s and 1960s, continuing to sell health and accident policies. In the 1970s, Combined expanded overseas despite being hit hard by the recession.
In 1982, after 10 years of stagnation under Clement Stone Jr., the elder Stone, then 79, resumed control until the completion of a merger with Ryan Insurance Co. allowed him to transfer control to Patrick Ryan. Ryan, the son of a Ford dealer in Wisconsin, had started his company as an auto credit insurer in 1964. In 1976, the company bought the insurance brokerage units of the Esmark conglomerate. Ryan focused on insurance brokering and added more upscale insurance products. He also trimmed staff and took other cost-cutting measures, and in 1987 he changed Combined's name to Aon. In 1992, he bought Dutch insurance broker Hudig-Langeveldt. In 1995, the company sold its remaining direct life insurance holdings to General Electric to focus on consulting. The following year, it began offering hostile takeover insurance policies to small and mid-sized companies.
...
Wikipedia