Aon Consulting Asia Pacific Acquires Conrad & Sons in Singapore
01 Ottobre 2007 - 3:00AM
PR Newswire (US)
Aon clients to benefit from innovative and flexible benefits design
SINGAPORE and CHICAGO, Sept. 30 /PRNewswire-FirstCall/ -- Aon
Consulting Worldwide, the global human capital consulting
organization of Aon Corporation (NYSE:AOC), today announced that it
is acquiring Conrad & Sons Risk Specialists Pte Ltd, a leading
specialist employee benefits and risk management consultancy in
Singapore. The terms of the transaction were not disclosed. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) The
acquisition of Conrad & Sons will add complementary skills and
resources to Aon Consulting's existing business in Singapore and in
the broader Asia Pacific region, particularly in the area of
flexible benefit design and delivery. "Conrad & Sons' team of
professionals are a welcome addition to our existing team at Aon
Consulting in Singapore," said Edouard Merette, Singapore-based CEO
of Aon Consulting Asia Pacific. "At a time when organizations
aspire to provide innovative and flexible benefits design and
ensure an effective and cost efficient delivery of benefit
coverages, our professionals are now in an even better position to
guide and assist clients in this journey. "This acquisition follows
a number of recent senior leadership additions across Asia Pacific,
as Aon Consulting increasingly becomes the destination of choice
for top talent in the industry and the provider of choice to
leading organizations in the region as they shape their workforce
through innovative benefits, compensation and talent management
strategies and solutions," Merette said. Collin Chiew, CEO of
Conrad & Sons, added, "By being part of Aon Consulting and the
broader Aon organization, we will now be able to respond to the
regional needs of -- and increase the scope of services we can
offer to -- our clients. This is exciting for my team and is good
value for our clients." Chiew will become managing director of the
combined operation of Aon Consulting in Singapore. The current
managing director, Richard Tan, will become chairman. For more
information, contact: Sara Carlson Mollie Wee Chicago Singapore
+1.312.381.5045 +65.6239.76.79 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 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. About Aon Consulting Worldwide Aon Consulting Worldwide
(http://www.aon.com/hcc) is among the top global human capital
consulting firms, with 2006 revenues of $1.282 billion and 6,500
professionals in 117 offices worldwide. Aon Consulting is shaping
the workplace of the future through benefits, talent management and
rewards strategies and solutions. In August 2006 and 2007, Aon
Consulting Worldwide received the Reader's Choice Award by the
readers of Business Insurance for "Best Employee Benefits
Consulting Firm". 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 successfully execute strategic options
for our Combined Insurance subsidiary, the impact of current,
pending and future regulatory and legislative actions that affect
our ability to market and sell, and be reimbursed at current levels
for, our Sterling subsidiary's Medicare Advantage health plans,
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.
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Chicago, Sara Carlson, +1-312-381-5045, , or Singapore, Mollie Wee,
+65-6239-76-79, , both of Aon Corporation Web site:
http://www.aon.com/
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