Aon Specialty Product Network Forms Strategic Partnership with Mid-Continent General Agency
14 Novembre 2005 - 6:57PM
PR Newswire (US)
Partnership will benefit independent agents and brokers with health
care clients CHICAGO, Nov. 14 /PRNewswire-FirstCall/ -- Aon
Specialty Product Network (ASPN) today announced it has partnered
with Mid-Continent General Agency, a managing general underwriter
and program manager based in Houston, to provide independent agents
and brokers with the ability to meet the liability insurance needs
of health care professional clients. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO )
Mid-Continent's single-market focus on health care, coupled with
its depth of industry knowledge and experience, allows the company
to offer unique professional liability programs and health care
accounts, including programs for allied health care, critical
access, rural and specialized hospitals, and long-term care.
Specifically, Mid-Continent offers: -- Allied Healthcare Program:
Professional liability, errors and omissions (E&O) liability,
general liability, and non-owned automotive coverage (with the
exception of physicians, dentists and hospitals); claims defense;
and sexual abuse coverage (available in all states) -- Long-Term
Care Program: Professional and general liability coverage for
long-term care facilities, including skilled nursing homes,
assisted living centers and independent living centers (available
in all states, except Alaska and Hawaii) -- Small Hospitals
Program: Professional and general liability coverage for small
hospitals, available to critical access, rural/community and
certain specialty hospitals with under 100 staffed beds (currently
available in eight states and anticipated to be offered nationwide
within 12 months) Mid-Continent specializes in disassembling the
risk transfer process to create customized approaches for clients,
with special attention to the needs of start-up operations and
franchises. Mid-Continent expects to double in size over the next
24 months, and plans to introduce at least one new product per year
for the next five years. Aon Specialty Product Network, known as
ASPN ( http://www.askaspn.com/ ), is the marketing arm for more
than 30 specialty insurance companies. All of the network provider
companies are either owned by Aon or are affiliates of Aon, and are
dedicated to placing and managing unusual and specialized insurance
risks for retail agency clients. The Wholesale Brokerage, Managing
General Underwriters and Insurance Service Companies that are part
of the ASPN network offer more than 450 products, programs and
services. For more information about professional and general
liability coverage for health care providers, contact ASPN at
1-877-ASK-ASPN (1-877-275-2776), visit
http://www.mid-continentga.com/ , or contact Phil Cabaud at
1-713-639-6200. 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. For more information, contact: Thaddeus Woosley, Aon
Corporation, , +1.773.381.2446 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, our ability to implement the stock repurchase
program, 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, +1-773-381-2446, Web site:
http://www.askaspn.com/ http://www.mid-continentga.com/
http://www.aon.com/
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