CEO Greg Case says 'Benfield restructuring fully on-track'

Aon’s second quarter net income fell 87%, to $149m from $1.1bn profit in the prior year period.

Income from continuing operations, excluding items, rose to 76 cents a share from 70 cents a year ago.

The Chicago-based broker said the job cuts and Benfield purchase cost $95m in expenses. Benfield was bought in August last year for around $1.6bn. Investment income decreased 69% to $21m.

Chief executive Greg Case said: “The 2007 and Aon Benfield restructuring programs are fully on-track.”