Aon posts Q1 2021 financial results
In the Commercial Risk Solutions segment, organic revenue growth increased 9%, driven by growth in all major regions. This reflects the strong retention and management of the renewal book portfolio, which is underscored by double-digit growth in the US, Asia and Latin America. Aon noted that these results also reflect expansion in the more "discretionary" businesses, including a double-digit increase in transactional liability and increased project-based work. "On average globally," Aon said in his trading statement, "pricing was slightly positive while exposures were flat, which resulted in a slightly positive impact on the market." Reinsurance Solutions posted organic sales growth of 6% driven by contract growth driven by continued global net new business generation and double-digit growth in facultative placements. Aon noted that the market's impact on the first quarter results was slightly positive. The retirement solutions arm posted 5% or...