Brexit: Aon to move to Ireland

Owing to complexities from Brexit, Insurance broker Aon has planned to move its parent company’s jurisdiction of incorporation to Ireland from Britain according to a statement.

New York-listed Aon will keep its operational headquarters in London and the switch of jurisdiction will not affect its business operations, reporting requirements or listings, it added.

“Remaining within the European Union single market will help the firm maintain a stable corporate structure and capital flexibility,” the firm said.

The move is subject to shareholder approval and is expected to complete in the first quarter of 2020.