Aon will move its parent company from the UK to Ireland to “remain within the European Union single market”, as uncertainty about Brexit continues.
Aon will keep its operating headquarters at the Leadenhall Building in London and said it remains committed to the “unchanged and unrivalled” London insurance market. The broker said business operations will remain largely unaffected alongside reporting requirements and listings. It holds a dual listing on the FTSE and NYSE.
Aon said the move to Ireland, which will create a new publicly held parent company, should complete in the first quarter of 2020. The shares of the new Irish parent company will be listed on the NYSE and it will continue to be regulated by the US Securities & Exchange Commission.
In 2012, Aon announced it would redomicile from the US to the UK, making it the first ever US S&P 500 company to do so. This coincided with the UK relaxing its tax structure to attract more foreign investment. [...]
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