Aon has announced new restructuring initiatives that will lead to a pre-tax charge during the third quarter of $200m to $300m.
In a statement, Aon president and chief executive Gregory Case said the company was "reviewing the revenue potential and cost structure of each of our businesses" and that restructuring moves would result in the charge.
The restructuring will include staff cuts, particularly in Aon's UK broker operations, company officials said.
Aon would also look for ways to cut its information technology costs and reduce real estate expenses by consolidating operations, according to officials.
