Aon PLC was incorporated in 1979 under the laws of the state of Delaware. On April 2, 2012, it completed the change of its jurisdiction of incorporation from Delaware to the U.K. The Company provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via effective risk management and workforce productivity solutions. The Company operates through two reportable business segments: Risk Solutions and HR Solutions. Risk Solutions acts as an advisor and insurance and reinsurance broker, helping clients, manages their risks via consultation, as well as negotiation and placement of insurance risk with insurance carriers through its distribution network. It operates in this segment through two similar transactional product lines: retail brokerage and reinsurance brokerage. Retail brokerage encompasses its retail brokerage services, affinity products, managing general underwriting, placement, and captive management services. Reinsurance brokerage offers sophisticated advisory services in program design and claim recoveries that enhance the risk/return characteristics of insurance policy portfolios, improve capital utilization, and evaluate and mitigate catastrophic loss exposures. The Risk Solutions business is competitive and very fragmented, and it competes with two other insurance brokers, Marsh & McLennan Companies, Inc. and Willis Group Holdings Ltd., as well as numerous specialists, regional and local firms in almost every area of its business. It also competes with insurance and reinsurance companies that market and services their insurance products without the assistance of brokers or agents; and with other businesses. The HR Solutions segment partners with organizations to solve their complex benefits, talent and related financial challenges, and improve business performance by designing, implementing, communicating and administering a range of human capital, retirement, investment management, health care, compensation and talent management strategies. It provides products and services in this segment under the Aon Hewitt brand. HR Solutions business faces no competition from other national consulting companies, including Marsh & McLennan Companies, Inc. and Towers Watson & Co. as well as regional and local firms. The Company also provides actuarial, enterprise risk management; catastrophe management and rating agency advisory services.