Aon has revealed that it has raised £350m through the sale of common stock in a bid to cut debts.
The world's second largest insurance broker, sold 32m shares of common stock at £11.05 per share.
Despite its success in raising the capital, Aon is believed to have hoped to raise £320m.
This figure is a further reduction from the £643m Aon said last week it needed globally to shore up its finances.
Aon granted the underwriters a 15% "over-allotment" option of 4.8m shares. Morgan Stanley arranged the sale along with William Blair as co-lead underwriter.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
