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
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
James Arts Resident Managing
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
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
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 firstname.lastname@example.org and visit the
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 email@example.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 firstname.lastname@example.org.
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.email@example.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 firstname.lastname@example.org.
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 email@example.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 firstname.lastname@example.org.
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:
the program for five years
trigger raised to $500 million for non-NCBR events over the last four years of
co-share for non-NCBR events to 80 percent - 20 percent
recoupment levels to the industry's loss retention level to the sum of its
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
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 email@example.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
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
Our report discusses changes in the regulatory environment
relating to product safety and also provides updates on capacity, carriers and
new coverage enhancements.
Aon’s 2014 Interactive Political Risk
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
up-to-date with relevant information about changes in risk ratings and
investment-impacting exposures at a glance.
unique analytical tools and publications via a single interface allowing you to
track risk exposures.
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
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
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 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 firstname.lastname@example.org.
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