Aon says it plans to move its corporate headquarters to London to be closer to the Lloyd's market, but the move will not result in the loss of any jobs in the Chicago area.
The broker says the move "provides greater access to emerging markets and takes better advantage of the strategic proximity to Lloyd's and the London market as one of the key international hubs of insurance and risk brokerage."
Additionally, Aon says the move will have "several near- and long-term financial benefits, including increased financial flexibility and improved capital allocation."
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