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	<title>Changing Gears &#187; headquarters</title>
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	<description>Changing Gears is a public media project about the future of the industrial Midwest. Each week, reporters Dan Bobkoff in Cleveland, Niala Boodhoo in Chicago and Kate Davidson in Ann Arbor cover issues of interest to the Great Lakes region. Changing Gears also sponsors public events and conversations.</description>
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	<itunes:summary>The Changing Gears Podcast is produced by Changing Gears, a public media project looking at the future of the industrial Midwest. Each week, Senior Editor Micki Maynard looks at the project&#039;s latest stories by Dan Bobkoff in Cleveland, Niala Boodhoo in Chicago and Kate Davidson in Ann Arbor.</itunes:summary>
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	<copyright>Copyright &#xA9; Changing Gears 2011</copyright>
	<itunes:subtitle>Remaking the Manufacturing Belt</itunes:subtitle>
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		<title>Aon to Move Its Global HQ From Chicago To London</title>
		<link>http://www.changinggears.info/2012/01/13/aon-to-move-global-hq-to-london/</link>
		<comments>http://www.changinggears.info/2012/01/13/aon-to-move-global-hq-to-london/#comments</comments>
		<pubDate>Fri, 13 Jan 2012 17:25:05 +0000</pubDate>
		<dc:creator>Niala Boodhoo</dc:creator>
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		<category><![CDATA[Aon Corp.]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[headquarters]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[Niala Boodhoo]]></category>

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		<description><![CDATA[Aon is the world&#8217;s biggest insurance broker &#8212; and a is a big name in Chicago, where it raised eyebrows Friday morning by announcing it is moving its global headquarters to London. But the announcement so far doesn&#8217;t mean job losses for Chicago, which will remain the U.S. headquarters for the insurance/reinsurance company. &#8220;Chicago is &#8230; <a href="http://www.changinggears.info/2012/01/13/aon-to-move-global-hq-to-london/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.changinggears.info/wp-content/uploads/2012/01/aon_logo.gif"><img class="alignright size-full wp-image-11229" title="aon_logo" src="http://www.changinggears.info/wp-content/uploads/2012/01/aon_logo.gif" alt="" width="95" height="51" /></a>Aon is the world&#8217;s biggest insurance broker &#8212; and a is a big name in Chicago, where it raised eyebrows Friday morning by announcing it is moving its global headquarters to London.</p>
<p>But the announcement so far doesn&#8217;t mean job losses for Chicago, which will remain the U.S. headquarters for the insurance/reinsurance company.</p>
<p>&#8220;Chicago is the foundation of one of our most  important markets, and as the headquarters of the Americas will continue  to be central to the success of the firm,&#8221; CEO Greg Case said, stressing that it will not cause job losses in either Chicago or the U.S. In fact, Aon  said it plans to add more than 1,000 positions across its U.S. operations this year.</p>
<p>Aon has about 6,000 workers in Chicago, and plans to add an additional 750 jobs at the Aon Center in downtown Chicago, where it recently signed a letter of intent for a 15-year lease, the company said in <a href="http://ir.aon.com/phoenix.zhtml?c=105697&amp;p=irol-newsArticle&amp;ID=1647951&amp;highlight=" target="_blank">a statement</a> announcing the move.</p>
<p>Aon said the move to the U.K. provides &#8220;better access to emerging markets&#8221;, as well as strategic proximity to London, &#8220;one of the key international hubs of insurance and risk brokerage&#8221;.<span id="more-11228"></span></p>
<p>Aon spokesman David Prosperi told the <a href="http://www.chicagotribune.com/business/breaking/chi-aon-to-move-corporate-headquarters-to-london-20120113,0,2849743.story?track=rss&amp;?track=ct-BusinessAlerts-11312" target="_blank">Chicago Tribune </a>the company made the decision because of the fact that its business was &#8220;evolving  globally.&#8221; While some Illinois companies have threatened to  move their headquarters from Illinois over state income tax issues,  &#8220;we are not doing this for any public policy reasons in Illinois,&#8221; he told the Tribune.</p>
<p>The Tribune story does have more details from the Securities and Exchange Commission filing, which indicates that U.S. taxes at least partially motivated the move, too. The company will move its incorporation from Delaware to England.</p>
<p>I recently reported on the incentives game that companies tend to play, including the CME Group and Sears. You can check out that story <a href="http://www.changinggears.info/2011/12/14/would-you-like-to-play-an-incentives-game/" target="_blank">here</a>.</p>
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