Month: May 2015

Aon Reports First Quarter 2015 Results First Quarter Key Metrics – Total revenue was $2.8 billion with organic revenue growth of 3% – Operating margin decreased 40 basis points to 15.5%, and operating margin, adjusted for certain items, decreased 50 basis points to 18.3% – EPS was $1.14, and EPS, adjusted for certain items, increased 7% to $1.37 – Cash flow from operations increased $147 million to $136 million, and free cash flow increased $140 million to $74 million First Quarter Highlights – Repurchased 2.5 million Class A Ordinary Shares for approximately $250 million – On February 2, 2015, Aon completed its acquisition of UK-based Kloud, the largest dedicated Workday consultancy firm outside of the United States, advancing Aon Hewitt’s ability to serve clients as one of the world’s largest Workday providers – Subsequent to the close of the first quarter, Aon announced a 20% increase to its quarterly cash dividend PR Newswire LONDON, May 1, 2015 LONDON , May 1, 2015 /PRNewswire/ — Aon plc (NYSE: AON) today reported results for the three months ended March 31, 2015. Net income attributable to Aon shareholders was $328 million , or $1.14 per share, compared to $325 million , or $1.06 per share, for the prior year quarter. Net income per share attributable to Aon shareholders, adjusted for certain items, increased 7% to $1.37 , compared to $1.28 in the prior year quarter, including a $0.15 per share unfavorable impact on adjusted net income from continuing operations if the Company were to translate prior year quarter results at current quarter foreign exchange rates (“foreign currency translation”). […]

XL Group plc Announces Completion of Catlin Group Limited Acquisition PR Newswire DUBLIN, Ireland, May 1, 2015 Creates a New Leader in the Global Specialty Insurance and Reinsurance Markets DUBLIN, Ireland , May 1, 2015 /PRNewswire/ — XL Group plc (“XL” or the “Company”) (NYSE: XL) announced today that it has completed the acquisition of Catlin Group Limited (“Catlin”) (LSE: CGL) following the parties’ previously announced entry into an agreement on January 9, 2015 to acquire all of the capital stock of Catlin to form a combined business. The closing of the transaction follows the receipt of all necessary regulatory approvals, Catlin shareholder approval, and sanctioning of the scheme of arrangement by the Supreme Court of Bermuda . […]