Aon quarterly profit jumps on commercial risk management strength

July 29 (Reuters) - Aon ‌reported a ​jump ​in second-quarter profit on Wednesday, as the insurance broker giant benefited from robust demand for ‌its commercial risk management offerings.

The construction business has ⁠benefited from strong data center spending by Big Tech firms, ‌boosting demand for insurance offerings ‌that support capital-intensive projects through their lifecycle.

Here are some more details:

• Revenue from Aon's commercial risk solutions ​arm rose 5% to $2.3 billion in the quarter from a year earlier. Within North America, the ⁠construction segment posted double-digit growth in the quarter.

• Aon has previously said ​it has ramped up hiring in high-growth areas like data centers, construction, energy and health, ​helping drive new business.

• "As clients ‌navigate increasing complexity, we are expanding our addressable market, creating new opportunities with both ⁠traditional and non-traditional sources of capital," CEO Greg Case said in a statement.

• Organic revenue growth - a closely watched ⁠metric - stood at 5% in the quarter.

• Insurance brokerages serve as ​a bridge between customers and insurers and generally pocket a percentage of the premiums as commission.

• Adjusted net income attributable ‌to Aon shareholders was $814 million, or $3.81 per share, in the three months ended June ‌30, compared with $759 million, or $3.49 per share, a year ⁠earlier.

• Aon reaffirmed its ‌annual revenue growth ​forecast of mid-single digits or higher.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Vijay ‌Kishore)

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