Luke J. Nolan Jr., Director, Aon Construction Services Group, Elected President of Dallas/Fort Worth Construction Financial Mana
29 Giugno 2005 - 9:12PM
PR Newswire (US)
Luke J. Nolan Jr., Director, Aon Construction Services Group,
Elected President of Dallas/Fort Worth Construction Financial
Management Association Nolan becomes the first insurance broker to
serve as president of the Dallas/Fort Worth Chapter DALLAS, June 29
/PRNewswire-FirstCall/ -- For the first time in its 20-year
history, the Dallas/Fort Worth chapter of the Construction
Financial Management Association (CFMA) has elected an insurance
broker to the position of president. Luke J. Nolan Jr., director,
Aon Construction Services Group, was nominated by the board of
directors and voted president by members of the Dallas/Fort Worth
CFMA in the organization's spring election. He will serve a
one-year term. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO ) Said Mike
Orr, 2nd vice president, Dallas/Fort Worth CFMA and chief financial
officer, Roger-O'Brien Construction Company: "Our members are
pleased to have Mr. Nolan serve as the chapter's next president.
For more than seven years Luke has demonstrated a keen
understanding of the issues facing the construction industry in the
Dallas/Fort Worth area. The breadth and depth of his experience
enable Luke to provide CFMA members with distinctive industry
advice." As a national director at Aon Construction Services Group,
Nolan is responsible for strategic planning, marketing and
administrative functions related to Contractor Default Insurance
(CDI). CDI was developed in 1996 in response to increasing problems
that large prime contractors had in enforcing performance and
payment bond claims against their subcontractors' sureties. With
CDI prime contractors have coverage for costs associated with
completion of defaulted work, including legal expenses and charges
incurred during an investigation, adjustment or litigation. In
addition to serving as local chapter president of CFMA, Nolan is a
member of the organization's national Construction Industry Liaison
Committee. He is also on the Associated General Contractors
Employee Compensation Committee for the highway sector and is
active with the Associated Builders and Contractors, Inc. North
Texas Legislative Committee. Nolan also is a member of QUOIN, the
North Texas chapter of Associated General Contractors. He is a
licensed insurance agent in the state of Texas and a non-resident
agent in more than 25 states. About Aon Aon Corporation (NYSE:AOC)
( http://www.aon.com/ ) is a leading provider of risk management
services, insurance and reinsurance brokerage, human capital and
management consulting, and specialty insurance underwriting. There
are 47,000 employees working in Aon's 500 offices in more than 120
countries. Backed by broad resources, industry knowledge and
technical expertise, Aon professionals help a wide range of clients
develop effective risk management and workforce productivity
solutions. As The Construction Experts(R), Aon Construction
Services Group is the world's leading provider of risk management,
insurance and reinsurance brokerage, surety bonding, wrap-ups and
specialty insurance underwriting to the construction industry. With
more than 450 dedicated construction practice professionals, Aon
Construction Services Group helps contractors, owners, and public
entities develop effective solutions to risks, issues and
challenges. About CFMA CFMA, "The Source & Resource for
Construction Financial Professionals," was founded in 1981, and
currently has 88 chapters across the U.S. and a membership of more
than 7,000. CFMA chapters in major cities from Maine to Hawaii
offer local workshops, seminars and programs that complement the
extensive member services provided by CFMA Headquarters in
Princeton, NJ. For further information about CFMA or the Dallas/Ft.
Worth Chapter, call 214-989-2115 or 609-452-8000 or visit
http://www.dfwcfma.com/ (Local) or http://www.cfma.org/ (National)
for more information. For more information, contact: Thaddeus
Woosley, 312.381.2446, . This press release contains certain
statements related to future results, or states our intentions,
beliefs and expectations or predictions for the future which are
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from either
historical or anticipated results depending on a variety of
factors. Potential factors that could impact results include:
general economic conditions in different countries in which we do
business around the world, changes in global equity and fixed
income markets that could affect the return on invested assets,
fluctuations in exchange and interest rates that could influence
revenue and expense, rating agency actions that could affect our
ability to borrow funds, funding of our various pension plans,
changes in the competitive environment, changes in commercial
property and casualty markets and commercial premium rates that
could impact revenues, changes in revenues and earnings due to the
elimination of contingent commissions, other uncertainties
surrounding a new compensation model, the impact of regulatory
investigations brought by state attorneys general and state
insurance regulators related to our compensation arrangements with
underwriters and related issues, the impact of class actions and
individual lawsuits including client class actions, securities
class actions, derivative actions, and ERISA class actions, the
cost of resolution of other contingent liabilities and loss
contingencies, and the difference in ultimate paid claims in our
underwriting companies from actuarial estimates. Further
information concerning the Company and its business, including
factors that potentially could materially affect the Company's
financial results, is contained in the Company's filings with the
Securities and Exchange Commission.
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Thaddeus Woosley of Aon, +1-312-381-2446, Web site:
http://www.aon.com/ http://www.dfwcfma.com/ http://www.cfma.org/
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