Global re/insurance broker Aon announced that the Board of Directors has authorized an additional USD 7.5 billion in share repurchases.

This is in addition to Aon's existing share repurchase program, which had approximately USD 1.7 billion of remaining authorization as of December 31, 2021.

Total authorization increased to approximately USD 9.2 billion, before any share repurchase in the first quarter. Aon intends to complete the existing authorization before repurchasing shares under the new authorization.

The Board of Directors has also authorized a 10% increase to its quarterly cash dividend on Aon's outstanding Class A Ordinary Shares to USD 0.56 per share.