According to Chicago, the reason Aon is moving to London is " to provide greater access to emerging markets and takes better advantage of the strategic proximity to Lloyd's and the London market as one of the key international hubs of insurance and risk brokerage."
Really. Don't we have a global economy right now? How much harder is it to video conference Lloyds?
I spoke with a couple of friends last week that still work there as indentured servants. Seems that Aon has basically given up on going after any US based business, because, in their mind, all they do is trade accounts between the other major brokerages (Marsh, Willis, Lockton).
'course...they did admit that Aon has lost a lot of US business primarily due to their poor service, and the fact that they've managed to run off some of their best talent.