Aon Plc Stock Price, News & Analysis

Aon plc (NYSE:AON) will announce its second quarter 2021 results on July 30, 2021, at 5:00 am Central Time. Following the release, CEO Greg Case will host a conference call at 7:30 am Central Time, accessible via Aon's website. The earnings release and supplemental presentation will also be available online. Aon is a global professional services firm specializing in risk, retirement, and health solutions, with over 50,000 colleagues across 120 countries.

The European Commission has granted conditional approval for the proposed combination of Aon plc (NYSE: AON) and Willis Towers Watson (NASDAQ: WLTW). This is considered a significant milestone in securing regulatory clearances for the merger, which aims to foster innovation and enhance client services across competitive sectors. Both companies continue to seek necessary approvals, including compliance with U.S. antitrust laws.

The PGA of America, Ryder Cup Europe, and Aon plc (NYSE: AON) announced the creation of The Nicklaus – Jacklin Award, debuting during the 43rd Ryder Cup on Sept. 24-26, 2021, at Whistling Straits, Wisconsin. This award honors a player from each Ryder Cup team who exemplifies sportsmanship and teamwork. Selected by a committee including golf legends Jack Nicklaus and Tony Jacklin, the award commemorates a historic act of sportsmanship from 1969. Aon aims to showcase decision-making, a key aspect of the Ryder Cup.

Aon plc (NYSE: AON) and Willis Towers Watson (NASDAQ: WLTW) released a statement regarding the U.S. Department of Justice's legal action against their proposed merger. Both companies criticized the DOJ's stance, highlighting their belief that the merger will enhance innovation and provide better services to clients. They emphasized their ongoing progress with other global regulators and the strong performance of both firms post-announcement of the merger. Aon and WLTW remain committed to their combination despite the DOJ's challenges.

Entrinsic Bioscience has secured $49 million in non-dilutive growth capital from Jefferies Group to support its innovative platform for developing functional ingredients and active pharmaceutical ingredients (APIs). This financing builds on previous investments, including significant backing from Johnson & Johnson. The funding will accelerate commercialization efforts for products targeting gastrointestinal, airway, and skin conditions. Aon Plc facilitated the financing by providing key insurance and valuation support for Entrinsic's intellectual property.

Aon plc (NYSE: AON) has signed agreements to sell its U.S. retirement business to Aquiline for $1.4 billion and the Aon Retiree Health Exchange™ business to Alight. These moves aim to address regulatory concerns related to Aon’s combination with Willis Towers Watson. The divestitures are expected to enhance financial metrics, with projected $800 million in cost synergies. The U.S. retirement business includes approximately 1000 employees and core consulting services, with the completion subject to regulatory approvals.

Aon plc (NYSE: AON) has announced that it will donate 100% of its 2021 revenues from its new vaccine supply chain solution to the COVID-19 Solidarity Response Fund, committing a minimum of $100,000. This solution aims to enhance the distribution of COVID-19 vaccines by offering transparent cargo insurance and leveraging sensor data for maintaining temperature control during transport. The COVID-19 Solidarity Response Fund has distributed over $250 million to support WHO's efforts in combating the pandemic, including reducing transmission and mortality, and ensuring equitable access to vaccines.

Aon plc (NYSE: AON) has signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions administration, and investment consulting business in Germany to Lane Clark & Peacock LLP (LCP). This move addresses European Commission inquiries regarding market activities. Aon's CEO Greg Case highlighted this as progress towards closing the merger with Willis Towers Watson. LCP aims to enhance its market position in Germany, the world's third-largest pensions consulting market, by integrating Aon's team of 350 professionals from five German offices.