Aon Appoints Andrew Appel Chief Executive Officer of Aon Re Global, Chairman of Aon Consulting
07 Febbraio 2008 - 10:09PM
PR Newswire (US)
Firm promotes Aon colleagues to co-head Aon Consulting Worldwide
CHICAGO, Feb. 7 /PRNewswire-FirstCall/ -- Aon Corporation
(NYSE:AOC), the leading provider of global risk management and
consulting services, today announced that Andrew Appel, previously
chief executive officer of Aon Consulting, has assumed the role of
chief executive officer of Aon Re Global, the world's largest
global reinsurance intermediary. Appel additionally will serve as
chairman of Aon Consulting. In the Aon Re Global role, Appel
replaces Ted T. Devine, who was recently appointed president of Aon
Risk Services. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) "In this
role, Andrew is joining Aon Re Global to partner with Executive
Chairman Mike O'Halleran, the architect, founder and market face of
our reinsurance business," said Greg Case, president and chief
executive officer of Aon Corporation. "Our reinsurance team is the
best in the world. Under the leadership of Mike, Andrew and our
team, I continue to be very excited about the future of Aon Re
Global." Aon also announced today it has promoted Kathryn Hayley,
chief executive officer of Aon Consulting U.S., and Baljit "Bal"
Dail, global chief information officer of Aon Corporation and
global chief administration officer of Aon Consulting, to the
position of chief executive officer and co-head of Aon Consulting,
responsible for leading the global organization. Hayley and Dail
will chair Aon Consulting's executive global operating committee,
the nine-member global leadership group. Dail will continue to
serve in his role as global chief information officer of Aon
Corporation. "Andrew and the team have done a phenomenal job of
shaping Aon Consulting into the human capital consulting industry's
leader in innovation and client service," said Case. "I am
confident that Kathryn, Bal and team will build on the distinctive
record of success at Aon Consulting." About Aon Re Aon Re Global,
the world's leading and most preferred reinsurance intermediary,
provides clients with integrated capital solutions and services
through a world-class network of experts in more than 35 countries.
Clients are better able to differentiate and meet their business
objectives with Aon Re Global's best-in-class treaty and
facultative reinsurance placement services, capital markets
expertise, and relevant analytics and technical expertise,
including catastrophe management, actuarial, and rating agency
counsel. Aon Re Global was named best reinsurance broker in 2007
and 2006 by readers of Business Insurance, in 2007 by readers of US
Insurer and in 2006 by readers of Reinsurance. About Aon Consulting
Aon Consulting Worldwide 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. Aon Consulting was named the best
employee benefit consulting firm by the readers of Business
Insurance magazine in 2006 and 2007. About Aon Aon Corporation
(NYSE:AOC) is the leading global provider of risk management
services, insurance and reinsurance brokerage, human capital and
management consulting, and specialty insurance underwriting.
Through its 43,000 professionals worldwide, Aon readily delivers
distinctive client value via innovative and effective risk
management and workforce productivity solutions. Our
industry-leading global resources, technical expertise and industry
knowledge are delivered locally through more than 500 offices in
more than 120 countries. Aon was ranked by A.M. Best as the number
one global insurance brokerage in 2007 based on brokerage revenues,
and voted best insurance intermediary, best reinsurance
intermediary, and best employee benefits consulting firm in 2007 by
the readers of Business Insurance. For more information on Aon, log
onto http://www.aon.com/. Safe Harbor Statement 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 close the sales
of our Combined Insurance and Sterling Life Insurance businesses,
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 U.S.
state attorneys general, U.S. state insurance regulators, U.S.
federal prosecutors, U.S. federal regulators, and regulatory
authorities in the U.K. and other countries, 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. Media Contact Rahsaan Johnson
David Prosperi 312.381.2684 312.381.2485
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Rahsaan Johnson, +1-312-381-2684, , or David Prosperi,
+1-312-381-2485, , both of Aon Corporation Web site:
http://www.aon.com/
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