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Aon sees data centers, producer hiring fueling growth despite softer pricing
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Business Insurance
Aon sees data centers, producer hiring fueling growth despite softer pricingAon reported second-quarter revenue of $4.25 billion Wednesday, up 2% from the year-earlier period, as strong demand for construction and health brokerage services drove 5% organic revenue growth despite a moderating commercial insurance pricing environment.
Property rates continue to decline while casualty pricing is still increasing, albeit more slowly, Mr. Reese said.
Wealth solutions revenue declined to $426 million, down 18%, reflecting the sale of the NFP Wealth business.
Aon’s data center insurance facility recently increased its capacity to $5 billion and can support projects valued at $13 billion to $15 billion, Mr. Reese said.
So far this year, Aon has increased its revenue-generating headcount by 3% and remains on track to expand it by 4% to 8% for the full year, despite intense competition with other brokerages, Mr. Reese said.