Key Developments: Aon PLC (AON.N)
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Latest Key Developments (Source: Significant Developments)
Aon PLC Announces 11% Increase to Annual Cash Dividend
Aon PLC announced that its Board of Directors has authorized an 11% increase to its annual cash dividend paid quarterly on Aon`s outstanding Class A Ordinary Shares. Consistent with the increase in the dividend, the Board of Directors has declared a quarterly cash dividend of $0.175 per share on outstanding Class A Ordinary Shares, reflecting an 11% increase from $0.1575 per share. The dividend is payable May 15, 2013 to shareholders of record on May 1, 2013. Full Article
Aon PLC Declares Quarterly Dividend
Aon PLC announced that the Board of Directors has declared a quarterly cash dividend of $0.1575 per share on outstanding Class A ordinary shares. The dividend is payable on February 15, 2013 to shareholders of record on February 1, 2013. Full Article
Aon PLC Declares Quarterly Cash Dividend
Aon PLC announced that the board of directors has declared a quarterly cash dividend of $0.1575 per share on outstanding Class A ordinary shares. The dividend is payable on November 15, 2012 to shareholders of record on November 1, 2012. Full Article
Aon PLC To Be Manchester United's Business To Business Title Sponsor
Aon PLC and Manchester United announced a new groundbreaking program that will harness the high levels of awareness both organizations enjoy into a business-to-business network and community engagement programs. In 2014 Aon plans to transition into a second phase of its relationship with Manchester United by becoming the title sponsor of both Manchester United's Business Network and the Manchester United Foundation. Aon's primary reason for its original shirt partnership was to unite its over 60,000 colleagues world-wide, across 120 countries. Full Article
ABN Amro Bank NV Completes Sale of Insurance Unit to Aon Plc-DJ
Dow Jones reported that ABN Amro Bank NV announced that it has completed a sale of its activities for insurance of corporate clients to Aon PLC, due to the agreement reached on April 12, 2012. The insurance activities for small and medium enterprises would be placed at ABN Amro Verzekeringen. Full Article
Branham Law Group, LLP Announces Investigation of Aon Corp for Possible Foreign Corrupt Practices Act Violations
Branham Law Group, LLP announced that it is investigating Aon Corp and certain of its officers and directors for potential breaches of fiduciary duties in connection with bribery allegations as well as potential violations of the Foreign Corrupt Practices Act (FCPA). In January 2009, Aon Limited, Aon’s principal U.K. brokerage subsidiary, entered into a settlement agreement with the Financial Services Authority (FSA) to pay a GBP5.25 million fine arising from its failure to exercise reasonable care to establish and maintain effective systems and controls to counter the risks of bribery arising from the use of overseas firms and individuals who helped it win business. Full Article
Aon Corporation's Aon Affinity Announces Definitive Agreement To Acquire Access Plans
Aon Affinity, the consumer, association and group program business of Aon Risk Solutions, the global risk management business of Aon Corporation, announced that it has entered into a definitive merger agreement to acquire Access Plans, a marketing company specializing in turnkey, private-label membership benefit plans that provide discount products and services, protection benefits and retail services to more than one million customers in the United States and Canada. The boards of directors of both companies have approved the agreement under which Access Plans will merge with an Aon Affinity subsidiary. The holders of a majority of the outstanding shares of common stock of Access Plans executed written consents approving and adopting the merger agreement and the merger shortly after the execution of the definitive merger agreement by the parties. No additional shareholder action is required. Full Article
Faruqi & Faruqi, LLP Announces Investigation Of Aon Corporation
Faruqi & Faruqi, LLP announced that it is investigating the Board of Directors and Officers of Aon Corporation (Aon or the Company). The investigation focuses on possible breaches of fiduciary duties by the Board of Directors and/or Officers of the Company in connection with allegations that the Company violated the Foreign Corrupt Practices Act (FCPA). Specifically, Aon has entered into a non-prosecution agreement with the Department of Justice and agreed to pay a $1.76 million penalty to resolve violations of the FCPA. Aon also reached a settlement with the Securities and Exchange Commission (SEC) and agreed to pay approximately $14.5 million in disgorgement and prejudgment interest. The SEC complaint alleges that Aon made over $3.6 million in improper payments to various parties between 1983 and 2007 as a means of obtaining or retaining insurance business in several countries. Funds were used to reimburse officials for non-training related activity, including travel with spouses to overseas tourist destinations, or for uses that could not be determined from Aon's books and records and which did not include any recorded business purpose. Full Article
Aon Corporation Acquires Ward Financial Group
Aon Corporation announced that it has acquired Westfield Financial Corporation and its subsidiary, the Ward Financial Group, from Ohio Farmers Insurance Company. Ward is a provider of benchmarking and best practices research studies for insurance companies in North America. Ward will be integrated with Aon's McLagan Partners, an Aon Hewitt company. Jeff Rieder, current president of Ward, will continue to lead the group, reporting to Michael Burke, president of McLagan Partners. This acquisition was made pursuant to a definitive agreement executed by a subsidiary of Aon and Ohio Farmers Insurance Company. Financial terms of the deal were not disclosed. Full Article
Aon Corporation Declares Quarterly Dividend
Aon Corporation announced that the Board of Directors has declared a quarterly cash dividend of $0.15 per share on outstanding common stock. The dividend is payable on August 15, 2011 to stockholders of record on August 1, 2011. Full Article
Insurer Aon to sponsor Man Utd training kit
LONDON - Insurer Aon will sponsor Manchester United's training kit and have its name attached to the club's training ground under a new eight-year agreement announced on Monday.
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