Aon's board has increased the authorised share repurchase programme by $1bn to a total of $2bn available for share repurchase.
At the close of trading on 17 November, the company had repurchased 23.1 million shares for $861m under the previously existing $1bn share repurchase programme authorised in November 2005.
“The increased share repurchase programme is an indication of the board's belief in the underlying strength of the business and is an effective use of capital to maximise long-term shareholder value,” said Greg Case, Aon president and chief executive.
