Aon Re Global Ranks Largest Among Reinsurance Brokers
07 Novembre 2006 - 8:15PM
PR Newswire (US)
CHICAGO, Nov. 7 /PRNewswire-FirstCall/ -- Aon Re Global, Inc. ranks
largest in the world among reinsurance brokers, according to data
compiled by industry publication Business Insurance. The Aon Corp.
unit, which has 2,860 employees in offices around the world, posted
$920 million in 2005 reinsurance brokerage revenues. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO ) "While
ranking highest among reinsurance brokers is a source of pride for
Aon Re Global, the ranking is the result of my colleagues'
dedication to operating as a global team focused on offering value
to our clients," said Michael D. O'Halleran, chairman and chief
executive officer of Aon Re Global. "Going forward, our strategy
remains the same -- to be the best at listening and delivering more
to our clients." Underscoring its size and capabilities, Aon Re
Global leads the industry in facilitating traditional capital
solutions, as well as in placing reinsurance sidecars and
catastrophe bonds. The company's Aon Capital Markets unit announced
in August it had facilitated a $300 million catastrophe bond
placement, the largest this year. In addition, the company's Aon Re
Services unit provides clients analytical and modeling tools that
have improved insurance companies' ability to assess their
reinsurance needs. Furthering its growth, the company announced in
September it is increasing its facultative reinsurance brokerage
capabilities, and is pursuing additional business in the
Asia-Pacific region. Aon Re Global also has been aggressive in
developing technology that improves placement efficiency for
clients in the London and Bermuda marketplaces. Aon Re Global was
voted best reinsurance intermediary by readers of Business
Insurance in 2006, and outperformed its peers in a London's Best
Brokers survey by Reactions magazine. About Aon Aon Re Global, a
subsidiary of Aon Corporation, is the world's largest provider of
reinsurance brokerage and integrated capital solutions and
services, providing services to insurance companies and captives
through its network of offices throughout the world. Aon
Corporation (NYSE:AOC)( http://www.aon.com/ ) provides more
insurance brokerage, reinsurance brokerage and risk management
services than any other company in the world, and is a leader in
human capital and management consulting and specialty insurance
underwriting. Aon has 45,000 employees in 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 execute the stock repurchase program,
our ability to consummate the pending sale of the Aon Warranty
Group, our ability to obtain regulatory or legislative changes to
permit continuous sales of our supplemental Medicare health
product, 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.
For more information, contact: Rahsaan Johnson Aon Corporation
312.391.7506
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Rahsaan Johnson of Aon Corporation, +1-312-391-7506, Web site:
http://www.aon.com/
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