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Aon revenue rises on global broking gains

Aon’s second-quarter revenue grew 8% to $US2.6 billion ($3.5 billion) amid gains in international broking, including Australia.

Commercial risk solutions revenue was $US1.16 billion ($1.57 billion), up 12% on the corresponding period last year, driven by growth in every major region and highlighted by strength across North America, the UK and Australia, the company says.

Reinsurance solutions revenue grew 10% to $US380 million ($513 million), with new business generation in treaty and strong gains in facultative placements partially offset by a modest decline in capital markets transactions.

Net income to shareholders fell to $US48 million ($64.8 million) from $US769 million ($1.04 billion) due to discontinued operations.

CEO Greg Case says Aon is in a strong position for the rest of the year.

“Our second-quarter results reflect continued momentum towards our mission, with positive performance across each of our key financial metrics,” he said.