Insider Trader Watch: Aon plc Class A Ordinary Shares (UK) (AON)

Aon plc Class A Ordinary Shares (UK) (NYSE:AON) insider has recently participated in insider trading activity. EVP and CFO, Davies Christa sold 23,155 shares for $ 2,267,847 via one transaction Mar 18. Another notable insider trading was done by LIEB PETER M on Feb 10, who is the EVP & General Counsel. The insider sold 7,356 shares at an average price of $ 94.36. Moreover, an insider selling of 24,199 shares was carried out by McGill Stephen P, Chairman/CEO – ARS, on Feb 09. Following the transaction, the insider now owns 214,373 shares in total. President & CEO Case Gregory C sold 45,800 shares for $ 4,351,595 through one transaction Dec 01. Following this sale, this insider’s stake in the company comprises 874,809 shares, priced at $ 82363267.35 as of Tuesday.

The stock has experienced a total of 8 insider trades in the past three months. These trades include 8 sell activities and zero buy trades. Furthermore, over the past 12 months, the stock was traded 62 times by insiders. In 50 of these trades, the insider was a seller while an employee of the company was the buyer in just 12 instances.

On February 9, 2016 Aon Benfield’s catastrophe model development team, launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during January 2016. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc Class A Ordinary Shares (UK) (AON).

The report reveals that a powerful winter storm brought prodigious snowfall, high winds, coastal flooding, freezing rain, ice, sleet, and severe thunderstorms to the Eastern United States during the second half of January, killing 58 people and injuring dozens of others.

States of emergency were declared in 11 states and Washington, D.C. as the event was rated the fourth-largest winter storm in the Northeast and Mid-Atlantic since the 1950s by the National Oceanic and Atmospheric Administration (NOAA).

Total economic losses were tentatively estimated to exceed USD2.0 billion, while insured losses both from private and public entities were projected to reach well into the hundreds of millions.

Meanwhile, a prolonged period of Arctic cold and snowfall covered much of East Asia causing significant damage and impacting travel. At least 116 people were killed across Taiwan, Thailand, Japan, South Korea, and China.

Total combined economic losses from the event were cited at nearly USD2.0 billion, with China incurring CNY10.6 billion (USD1.6 billion) of the total cost.

Adam Podlaha, Head of Impact Forecasting, said: “Winter in the Northern Hemisphere was on full display to begin 2016, with several winter storm events impacting parts of the United States, Asia and Europe. Despite winter weather historically not being one of the costliest perils when compared to tropical cyclones or flooding, these winter events can still pose billion-dollar costs to the global economy. The peril continues to be of interest to the insurance industry as claims resulting from heavy snow or ice often quickly accumulate.”