Aon Corporation Explores Strategic Alternatives for its Warranty, Credit Insurance and Property & Casualty Businesses
15 Novembre 2005 - 10:04PM
PR Newswire (US)
CHICAGO, Nov. 15 /PRNewswire-FirstCall/ -- Aon Corporation
(NYSE:AOC) is exploring strategic alternatives relating to the
ownership of its warranty, credit insurance and property &
casualty underwriting businesses. Greg Case, Aon's president and
CEO, said, "By exploring alternatives, we expect to determine if
the potential of our warranty, credit and property & casualty
businesses can be more fully realized under different ownership."
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. 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.
Investor Contact: Craig Streem Corporate Vice President, Investor
Relations 312.381.3983 Media Contact: Al Orendorff Director, Public
Relations 312.381.3153 DATASOURCE: Aon Corporation CONTACT:
Investor Contact, Craig Streem, Corporate Vice President, Investor
Relations, +1-312-381-3983, or Media Contact, Al Orendorff,
Director, Public Relations, +1-312-381-3153, both of Aon Web site:
http://www.aon.com/
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