Aon 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. Interest income rose nearly six times to $28 million in the first quarter ended March, primarily due to interest earned on $5 billion investment of debt proceeds used to fund the purchase of NFP. 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.
Today's Research Daily features a real-time update on the Q1 earnings season and new research reports on Oracle (ORCL), HSBC (HSBC), RTX (RTX) and others.
NEW YORK, April 25, 2024--Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and a business of Marsh McLennan (NYSE: MMC), announced today the successful fundraising for Mercer Private Investment Partners VII ("PIP VII") with the fund securing limited partner (LP) capital commitments totaling over USD $3.9 billion.i