AON INSURANCE MOVING TO THE CITY OF LONDON

January 14, 2012 04:37 3 Comments

Aon moves HQ to London in boost for UK economy

Aon, one of the world’s largest insurance companies, is moving its corporate headquarters to London in a move likely to generate tens of millions of pounds in tax revenues for the UK Treasury.

By Jamie Dunkley
6:25PM GMT 13 Jan 2012

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/insurance/9013954/Aon-moves-HQ-to-London-in-boost-for-UK-economy.html

The company, which sponsors the Manchester United football team, said the move would give it “greater access to emerging markets” and would bring it closer to the London insurance market , which it described as “one of the key international hubs of insurance and risk brokerage”.

Aon has a market capitalisation of $14.8bn (£9.7bn) and specialises is insurance broking and employee benefits.

Last year, the group signed a deal to become the principal tenant of the the 47-storey tower it is developing on Leadenhall Street in the City of London, known as the “Cheesegrater”.

The group currently employs about 6,000 people in the UK. Aon said it had no plans to dramatically increase its UK headcount and would maintain its listing on the New York Stock Exchange.

The company said it also planned to increase the headcount in its current Chicago headquarters by 750 and create a further 1,000 jobs across the US this year.

Greg Case, chief executive, said: “The decisions we make today will help drive our global strategy and strengthen our growth opportunities in the years to come. The continued investment in our international operations and emerging markets is important to the growth of our firm.”

The news was welcomed by Mark Hoban, the financial secretary to the Treasury.

John Nelson, chairman of the Lloyd’s of London insurance market said: “This is very good news for the London insurance market and for Lloyd’s. It will help reinforce London’s position in the global insurance marketplace.”

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3 comments on “AON INSURANCE MOVING TO THE CITY OF LONDON”

  1. THEUNHIVEDMIND on said:

    KNIGHT OF MALTA – NEW JERUSALEM AKA CITY OF LONDON (BBC DOCUMENTARY) [Video]
    http://theunhivedmind.com/wordpress/?p=19724

  2. THEUNHIVEDMIND on said:

    So it seems that Aon is dumping Chicago for the City of London. Reminds me of the theft of Cantor Fitzgerald’s carbon trading platform business of $73 trillion a year back in 2001. Where did that go after 9/11? Straight to the City of London and now Al-Gore Jr controls much of this trade through his Generation Investment Management at Vine Street in London with his partner, David Blood. Please note the connection between Aon and Cantor Fitzgerald and carbon trading its important. Its quite obvious by now that one of the main goals of 9/11 was to get full control of the carbon trading economy which will be the next economic system when the Knights of Malta pull the plug on the current one. Can you see whats happening? The Merchants of New Jerusalem are coming forth and showing their power since the New Jerusalem 9/11 terrorist attacks by funded by The Worshipful Company of Mercers. The operation was controlled by The Worshipful Company of Fuellers and The Worshipful Company of Master Mariners along with the Guild of Air Pilots and Air Navigators using the puppet Royal Canadian Air Force and other intelligence networks in the attack.

    -=The Unhived Mind

  3. THEUNHIVEDMIND on said:

    September 11 attack

    Its New York offices were on the 92nd and 98th–105th floors of the South Tower of the World Trade Center at the time of the September 11, 2001 terrorist attack. When the North Tower was struck at 8:46 a.m., many executives began evacuating their employees from the upper floors of the South Tower. The evacuation of Aon’s offices, ordered by Eric Eisenberg, was carried out quickly as 924 of the 1,100 Aon employees present at the time managed to evacuate the building before United Airlines Flight 175 struck it twenty stories below them.[11]

    However, many were influenced to stay by security guards and security announcements, or did not exit the building in time. As a result, 176 employees of Aon were killed in the attacks, including Eisenberg and Kevin Cosgrove, a vice president of the company that made a call to 911 when the tower collapsed.[12]

    http://en.wikipedia.org/wiki/Aon_Corporation

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