Aon plc - AON STOCK NEWS

Aon plc (NYSE: AON) and Pentland Analytics released a report analyzing 40 years of corporate crises, revealing that such events can destroy significant shareholder value. The research indicates that over 10% of crises lead to a more than 50% loss in shareholder value, averaging a total of USD 1.2 trillion in destroyed value. The report emphasizes the necessity for organizations to enhance risk management strategies, focusing on investment in crisis preparedness to mitigate losses during unforeseen events.

Aon plc (NYSE: AON) announced a new solution to enhance the supply chain protection for global COVID-19 vaccine shipments. The solution utilizes sensor data and analytics to improve cargo insurance, ensuring timely payments for doses outside the required temperature range. Collaborating with Parsyl and Ascot Group, Aon aims to mitigate risks in vaccine distribution. Furthermore, Aon will donate all 2021 revenues from this initiative to charity. The solution integrates various IoT devices, aiding qualified parties in better risk management and claims support.

Aon plc (NYSE:AON) is set to announce its first quarter 2021 results on April 30, 2021, at 5:00 am Central Time. CEO Greg Case will lead a conference call on the same day at 7:30 am Central Time. The results and a supplemental presentation will be accessible on Aon's website. Aon, a global professional services firm, focuses on risk, retirement, and health solutions, leveraging analytics to enhance client performance.

The Semi-Annual U.S. Insurance Labor Outlook Study from The Jacobson Group and Aon reveals a robust forecast for the insurance industry in 2021. 91% of firms plan to maintain or increase staff levels, with 56% intending to hire. The study notes a shift in expectations, with 67% of insurers predicting revenue growth, an increase of 9 percentage points from six months prior. Recruiting remains challenging, particularly in technology and analytics. Overall, the study anticipates a 0.74% boost in employment in the next year.

The Jacobson Group, a prominent talent provider for the insurance sector, in collaboration with Aon plc, announced a complimentary webinar on February 11, 2021, unveiling the Semi-Annual U.S. Insurance Industry Labor Market Study results.

This study, conducted from January 12 to February 5, 2021, involved insurance carriers across the industry, offering insights into labor market trends and staffing expectations.

Gregory P. Jacobson emphasized its significance for strategic talent acquisition and management amid recent industry challenges.

Aon plc reported a 3% increase in fourth-quarter revenue to $3.0 billion, with 2% organic growth. Operating margin was 24.0%, down 100 basis points adjusted. EPS rose to $2.27, with an adjusted EPS increase of 4% to $2.62. For the full year, total revenue was flat at $11.1 billion, while net income rose to $1.968 billion, or $8.45 per share. Cash flow from operations surged 52% to $2.783 billion. Aon also initiated a new $5 billion share repurchase program.

Aon plc (NYSE: AON) and Willis Towers Watson (NASDAQ: WLTW) announced the establishment of their future leadership team as part of their proposed combination. This new executive committee will drive innovation and enhance client service, emphasizing a unified approach. Aon's CEO, Greg Case, highlighted the opportunity to create significant value for clients, while Willis Towers Watson's CEO, John Haley, stressed the importance of prioritizing client needs. The leadership team aims to leverage the strengths of both organizations following the merger.

Aon plc (NYSE: AON) has released its Weather, Climate & Catastrophe Insight: 2020 Annual Report, highlighting that 416 natural disasters in 2020 caused economic losses of USD268 billion, significantly above the century's average. Insurance covered only USD97 billion, leaving a 64% protection gap. The report emphasizes the intersection of climate change and natural disasters, noting the need for improved access to insurance products. Key events included severe storms and flooding, with more than 8,000 lives lost, urging collaboration between public and private sectors to mitigate risks.