AOC Aon Corp.

Creates one of the world's largest dedicated risk consulting operations LONDON, March 26 /PRNewswire-FirstCall/ -- Leading insurance broker and risk management consultant Aon has formed Aon Global Risk Consulting, creating one of the largest dedicated risk consulting, captive management and risk engineering groups in the world. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO ) The formation of Aon Global Risk Consulting (AGRC) follows the launch of Aon Global in January and is the latest step by the company in bringing all its global capabilities together in a single unified structure aimed at providing world-class service to the largest and most complex organizations. As part of Aon Global, AGRC will offer a fully integrated range of risk consulting solutions including enterprise risk management, actuarial and analytical services, risk finance, risk control and engineering, accelerated claims closure services, and (re)insurance company/captive management. Led by Stephen Cross as CEO with Philip Stamp as chairman, AGRC combines Aon's former Captives Services Group (Aon Insurance Managers), Risk Consulting and Risk Engineering operations. Stephen Cross commented: "As the world's largest companies aim to provide a smooth and seamless global operation for their clients, it is important that we are in a position to do the same for them. "The creation of Aon Global Risk Consulting is about being able to offer a fully integrated range of services from risk identification to assessment and management of risk, and risk financing. We will be providing our clients with comprehensive tailored solutions, through a consistent global approach. With 1500 staff in over 70 locations, AGRC is already one of the largest risk consulting organizations in the world and is in an excellent position to deliver distinctive value to companies that have to deal with the largest and most complex of risks." Alongside its risk consulting offering, AGRC delivers services for captive (re)insurance companies, repositioned as Aon Global Insurance Managers (AGIM). AGIM has more captives under management than any other organization, and is present in all the major captive domiciles around the world. The third integral part of AGRC is Aon Global Risk Control and Engineering. This unit provides integrated solutions for complex property and casualty related risks, and includes Schirmer Engineering, one of the most respected names in risk engineering and leaders in their field. Steve McGill, CEO of Aon Global, commented on the creation of the new group: "With the level, complexity, and impact of risk continuing to increase, organizations need to think more widely and deeply about risk issues than ever before. From the boardroom to the front line, we have the capabilities to help them in every aspect of that challenge. "Aon Global Risk Consulting will work seamlessly within Aon Global's client service and risk broking operations to deliver value from the ever increasing and ever more complex risks facing large organizations. This integrated ability to analyze complex risks, then structure and execute effective risk mitigation solutions in the global (re)insurance market is a unique feature of the value that Aon Global brings to clients." For more information contact: London: Reuben Aitchison Chicago: Al Orendorff +44 (0)20 7086 7201 312.381.3153 About Aon Aon Corporation ( http://www.aon.com/ )(NYSE:AOC) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 43,000 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 execute the stock repurchase program, 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, ERISA class actions, the impact of the analysis of practices relating to stock options, 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. Aon Limited is authorized and regulated by the Financial Services Authority in respect of insurance mediation activities only. http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT: London: Reuben Aitchison, +44 (0)20 7086 7201, or , or Chicago: Al Orendorff, +1-312-381-3153, or , both of Aon Corporation Web site: http://www.aon.com/

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