Aon profit grows with gains in investments and funds

Interest income rose nearly six times in the first quarter to €26 million in the first quarter of the yearAon reported a rise in first-quarter profit on Friday, powered by increases in interest earned from investments as well as funds held in a fiduciary capacity.

Last year, Aon agreed to buy privately held NFP in a deal valued at about $13.4 billion to tap the fast-growing middle-market segment of insurance brokerage, wealth management and retirement plan advisory. Last week, peer Marsh & McLennan also reported a better-than-expected first-quarter profit as fiduciary interest income rose 34 per cent to $122 million.

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New Look’s €26 trousers don’t have to be ironed and they’re perfect for summerWide leg trousers are already the way to go this summer, but add in that they don’t have to be ironed and you’ve got the easiest wardrobe staple that can be worn to work or at home
Source: RSVPMagazine - 🏆 7. / 76 Read more »

Aon and Irish Life put pension cash into climate transition fundThe €500m fund established with Irish Life Investment Managers is first signal investment by new master trusts
Source: IrishTimes - 🏆 3. / 98 Read more »

€500m climate fund launched by Aon and ILIMA new €500m Climate Transition Equity Fund is being launched by Aon and Irish Life Investment Managers (ILIM).
Source: RTEbusiness - 🏆 16. / 61 Read more »

€500m climate fund launched by Aon and ILIMA new €500m Climate Transition Equity Fund is being launched by Aon and Irish Life Investment Managers (ILIM).
Source: RTEbusiness - 🏆 16. / 61 Read more »

'It's all about the money' - Hearn issues Crucible warning as Saudi interest growsMeanwhile, Ronnie O’Sullivan roared out of the blocks in his quest to become the first eight-time world champion in the modern era.
Source: The42_ie - 🏆 5. / 86 Read more »

Business Today: Gambling law carve out, big exchequer surplus and when to cut interest ratesThe best news, analysis and comment from The Irish Times business desk
Source: IrishTimes - 🏆 3. / 98 Read more »