Aon to Focus on Buybacks Over Large Acquisitions, CFO Says

Aon Corp. (AON), the world’s largest insurance brokerage, said it plans to focus on stock buybacks as it seeks to boost shareholder returns, Chief Financial Officer Christa Davies said.

“We do not believe there’s a significant acquisition on the horizon,” she said today on a conference call with analysts to discuss the Chicago-based broker’s fourth-quarter results.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net.

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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