Volume 2, Edition 2

Leadership Corner


Greetings and welcome to the Summer edition of Aon Connect. We have a lot of exciting news to share with you in this issue – from our 2014 Political Risk Map to our Global Service Day.

Aon recently held a global webcast to highlight our accomplishments around “People and Risk” and further challenged our local team to empower results for clients, colleagues and communities. Aon helps communities and lives after major catastrophes. We help deliver healthcare solutions to companies struggling with cost increases and compliance. We help companies operate safely and contain cyber risks and support individuals and their decisions to save for retirement.

Simply stated, our Mission is to “Empower economic and human possibility for clients, colleagues and communities around the world”. We do not take this responsibility lightly. To make this work, we must develop, retain and recruit the very best people in the industry, your Aon Team. That is a major focus for us as we continue to build our teams and create growth and career opportunities.

I am also excited to fully transition to lead the Kansas City office effective July 1, 2014. We have a great team with a rich history in Kansas City.

Best wishes for a great summer and please accept our thanks for your continued support. We are very grateful.

James Arts
Resident Managing Director

Financial Highlights

Aon Reports First Quarter 2014 Results
First Quarter Key Metrics

- $2.9 billion total revenue with 2% organic revenue growth
- 15.9% operating margin
- $1.06 EPS
- $65 million decrease in cash flow to a use of $11 million

"Our first quarter results reflect a solid start to the year with double-digit earnings growth, highlighted by strong performance across Risk Solutions and effective capital management," Greg Case, president and chief executive officer of Aon plc. "We are returning a record amount of capital to shareholders, highlighted by the repurchase of $600 million of ordinary shares in the quarter and the recently declared 43% increase in our quarterly cash dividend, while continuing to invest in innovative solutions across the firm to strengthen our industry-leading platform for long-term growth, strong free cash flow generation and increased financial flexibility."
Click here for full results.

Table of Contents

» News and Events
» Upcoming Events
» Introducing...
» Aon in the News

Contact Info

4801 Main Street. Suite 350
Kansas City, MO 64112
Phone:816.698.4600
Email: aon.kansascity@aon.com

Connect with Aon


     

Aon Kansas City

News and Events

Aon eSolutions Releases RiskConsole Express RMIS
An affordable solution configured specifically for small to medium sized companies, the RiskConsole Express has been designed to help organizations be more effective and efficient in their risk and insurance programs. The RiskConsole Express RMIS addresses the consolidation of claim, exposure, location and policy data into a single database to support a risk manager’s effective decision making through flexible analytics and dashboards.
To learn more contact Dean Shipman dean.shipman@aon.com and visit the RiskConsole-Express website

Kansas City Business Journal's Top Independent Insurance Agencies List Ranking
Aon’s Kansas City office has been recognized by the Kansas City Business Journal in their “Top Independent Insurance Agencies List”. This achievement would not have been accomplished without our colleagues’ commitment to client focused service. For more information, please contact James Arts at james.arts@aon.com.

Kansas City Zoo Jazzoo – June 6, 2014
Aon contributed to the Kansas City Zoo Jazzoo, the largest fundraiser for the zoo, held in June at the Kansas City Zoo. The fundraiser makes it possible for 83,000 children annually to attend educational programs at the zoo, in addition to enhancing the zoo in critical ways.
For more information, please contact Wendy Vasos at wendy.vasos@aon.com.

Kansas School Foundation – June 11, 2014
Aon was a Gold Sponsor for the KS School Foundation for Excellence 24th Annual Scholarship Gold Tournament, held at Sunflower Hills Golf Course.
For more information, please contact Bradley Richter at Bradley.richter@aon.com.

Global Service Day – June 12, 2014
Aon colleagues around the world united to support local charities during our firm’s annual day of volunteerism. Colleagues devoted thousands of hours of service and together, empowered people and strengthened communities at risk.

Aon colleagues assisted at the Ronald McDonald House Charities of Kansas City, where they assisted in creating a wonderful lunch for families staying at the facility. In addition to the taco buffet and dessert, volunteers also made snack bags for the families, and collected items from the Wish List to donate to the House.
Learn more about the efforts of this charity here and for more information contact Rachel Stanfield at rachel.stanfield@aon.com.

ACO Forum – June 25, 2014
Since the passage of the Patient Protection and Affordable Care Act (PPACA), the marketplace has been abuzz about Accountable Care Organizations (ACOs) and how this model has the potential to change the way employers deliver healthcare. In the recent Aon Benefits and Breakfast event, held on June 25 in Kansas City, MO we provided an assessment of the fast evolving ACO marketplace and key local provider transformations that are currently underway. This event offered an opportunity to learn more about ACOs from a local perspective and helped enhance the strategic programs in addition to helping attendees navigate this new healthcare paradigm.
For more information, please contact Tom Kelly at tom.kelly@aon.com .

Community Service at Marillac, July 3, 2014
Each year, Aon colleagues devote their time volunteering at Marillac, a cutting edge, psychiatric treatment facility in Overland Park, Kansas. This year the Aon team helped with landscaping activities on the 17-acre campus.
Learn more about Marillac here and for more information, contact Rachel Stanfield at rachel.stanfield@aon.com.

Five-Year TRIA Extension Proposal
On June 11, the Insurance Subcommittee of the House Financial Services Committee circulated a draft of legislation to reauthorize the Terrorism Risk Insurance Act (TRIA). The TRIA Reform Act of 2014 would extend the authorization for the Terrorism Risk Insurance Program for five additional years, without making any substantial operational changes for 2015. Additional major elements are as follows:

  • Reauthorize the program for five years
  • Per-event trigger raised to $500 million for non-NCBR events over the last four years of the program
  • Adjust the co-share for non-NCBR events to 80 percent - 20 percent
  • Benchmark recoupment levels to the industry's loss retention level to the sum of its deductibles
  • Increase the assessment rate to compensate taxpayers for the value of their TRIA investments from 133 percent to 150 percent

The Senate Banking Committee has already passed a reauthorization bill which Aon strongly supported, and we expect that bill to be considered and passed by the full Senate before August.

More information about TRIA is posted on Aon's resource site at aon.com/tria


Upcoming Events

21st Annual Kansas City RIMS Chapter Golf Tournament– September 8, 2014
On September 8, Aon will be sponsoring the 21st recreation of the chapter golf tournament, held at the Paradise Pointe Golf Complex. This event will be supporting Spencer Educations Foundation, Intern Program and educational activities. For more information, contact harland.priddle@aon.com.

2014 Aon Risk Symposium
Our 2014 Risk Symposium, will be held at the Grand Hotel Dino, Lago Maggiore, Italy September 28-30; bringing together Aon’s clients and future clients from across the globe. This year’s program will focus on Empowering Economic and Human Possibility. As in previous years, we will host a high quality social program and meeting facilitation program during the event which provides networking opportunities for both delegates and colleagues. Delegates are responsible for paying for their own travel, hotel and personal expenses. There is no registration fee to attend.
For more information, please contact Rudy Koenig.


Aon plc

Introducing...

2014 Emerging Trends and Key Issues Report
Product Recall and Contamination Risk Management
Product safety and recalls continue to be the focus of regulators and the media as rules mandated under the Food Safety Modernization Act take effect. The number of product recalls in the U.S. and Canada for both food and non-food products grow year over year. In 2013, as a response to several significant recalls, the insurance market capacity contracted.

Our report discusses changes in the regulatory environment relating to product safety and also provides updates on capacity, carriers and new coverage enhancements.

To learn more, download the report or contact the U.S. Crisis Management practice leader, Bernie Steves at +1.312.381.4945.

Aon’s 2014 Interactive Political Risk Map
Aon has developed an exclusive mobile App for tablets and smartphones: the Risk Map App. The Risk Map App provides access to a one-stop platform hosting all current and historical Political Risk information.

The Risk Map App allows organizations to:

  • Stay up-to-date with relevant information about changes in risk ratings and investment-impacting exposures at a glance.
  • Access Aon’s unique analytical tools and publications via a single interface allowing you to track risk exposures.
  • Retrieve, analyze and rank charting risk trends.

For more information and to download Aon's Risk Maps App, please click here.

Aon Helps Clients Simplify FATCA Requirements
As the January 1, 2015 implementation date for Foreign Account Tax Compliance Act (FATCA) rapidly approaches, Aon wants you to be aware of recent developments in the regulations and of Aon’s commitment to reducing the burden they place on U.S. insurance buyers.

FATCA represents a major change to the U.S. tax law and organizations need to understand how it will potentially affect incoming and outgoing premium payments. Click here for more information specific to insurance programs and how Aon is able to help you in advance of the implementation date.

Aon Risk Solutions – New Calendar of Events
Visit our new calendar to view, register or get more information on Aon Risk Solutions events across the U.S.!




Aon in the News

Aon to Welcome Manchester United to the U.S. for Tour 2014
The Manchester United Tour 2014 presented by Aon is coming to the United States this summer. Aon has been the principle partner and global shirt sponsor of the club since 2010, and was the presenting partner of the club's 2013 tour in Asia. This is the second Manchester United tour in the United States since Aon became a principle partner. Tour stops include Los Angeles, Denver, Washington, D.C. and Ann Arbor.
Tour Dates
To learn more about this summer’s tour, visit http://www.manutd.com/en/Tour-2014.aspx or email us aon.kansascity@aon.com.

Aon Honored with a CIO 100 Award for Aon Active Health Exchange
Aon was honored with a 2014 CIO 100 Award from CIO magazine, which recognizes organizations that exemplify the highest level of operational and strategic excellence in information technology (IT). Aon and Aon Hewitt were recognized for the technology platform behind the Aon Active Health Exchange, the largest fully insured, multi-carrier private health exchange in the market. The Aon Active Exchange provides greater choice and a new level of competition to health care benefits to empower employees as consumers. More than 600,000 employees and their family members enrolled in group health benefits through the Aon Active Health Exchange for the 2014 plan year.
Read More...


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