Aon's stock fell by 20%, while
Finally, the company you may have heard of the least unless you work in the world of finance and insurance, but which may be the most interesting, is Aeon. It is sitting less than 1% above its 52- week low, down about 23%.
So, what does Aeon actually do ? Well, it's very simple. It is the intermediary for risks. When a giant corporation needs insurance or assistance with employee health and pension plans, Aeon is the expert consultant who arranges it all and gets a commission.
In other words, they are their sales representatives. But they sit there and say they are managing the risks. She already has large arms. One for insurance and another for employee benefits and retirement.
And here lies the beauty. " Ion" does not bear the insurance risks itself. She only charges for providing advice. In other words, for sale.