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Aon (NYSE: AOC) thinks that risk brokerage and consulting has the best future, in terms of margins and growth.
To that end, the company announced Monday that it is selling off its underwriting businesses. Combined Insurance Company was sold for $2.4 billion to ACE Limited (NYSE: ACE), while Munich Re bought Aon's Sterling Life segment for $352 million.
Yes, even in the massive insurance business, this is a good chunk of change for Aon.
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