AOC Aon Corp.

CLEVELAND, Oct. 10 /PRNewswire-FirstCall/ -- Aon (NYSE:AOC) announced today that Aon Risk Services of Ohio has acquired Sam D. Pipino Agency, a risk specialist for the real estate development and construction industries. Sam D. Pipino Agency has 12 employees who work in the company's offices in Youngstown and Cleveland. Terms of the deal were not disclosed. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO ) Jerry Kysela, resident managing director, Aon Risk Services of Ohio said: "Sam D. Pipino Agency is well known throughout northern Ohio as a leader in real estate and construction risk services. For the past 18 months Aon has enjoyed incredible growth in Cleveland and across northern Ohio. This acquisition complements our organic growth strategy, bolsters one of our core strengths and further demonstrates our commitment to the northern Ohio business community." As a result of the acquisition, Sam D. Pipino Agency's Youngstown office will remain open, while the company's Cleveland office will merge with the Aon Risk Services of Ohio office in Cleveland. Additionally, Sam D. Pipino, principal, Sam D. Pipino Agency, will join the Aon Risk Services of Ohio staff. Said Pipino: "Aon Risk Services of Ohio is recognized throughout the state as a trusted partner and leading expert in risk management. Our agency has always respected the integrity and honesty with which Aon Risk Services conducts its business. I am confident this acquisition will benefit all parties involved and enable our combined workforce to provide Ohio businesses with the best possible risk management services." About Aon Aon Corporation ( 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. 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, our ability to implement restructuring initiatives and other initiatives intended to yield cost savings, 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 investigations brought by state attorneys general, state insurance regulators, federal prosecutors, and federal regulators, 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 Corporation, +1-312-381-2446, Web site: http://www.aon.com/

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