Aon Integrates all Worldwide Risk and Insurance Brokerage Operations Into One Global, Client-Focused Business
07 Febbraio 2008 - 10:08PM
PR Newswire (US)
- Reinforcing our commitment to exceptional client service and
delivery CHICAGO, Feb. 7 /PRNewswire-FirstCall/ -- Reinforcing its
commitment to client service excellence, Aon Corporation (NYSE:AOC)
today announced the firm is integrating its worldwide risk and
insurance brokerage operations into a single global business, Aon
Risk Services, with more than 26,000 colleagues in 120 countries
and more than $5 billion in revenues. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO)
"Everything we do is based on helping clients, or helping
colleagues help our clients," said Greg Case, Aon Corporation
president and chief executive officer. "This is a significant and
logical next step in aligning our incredible resources and talent
around our clients, and follows on the success of our other core
global businesses -- Aon Re Global and Aon Consulting. To the full
credit of Aon colleagues around the world, our progress to date has
enabled us to make this strategic move one year sooner than we
anticipated." Aon Risk Services will be led by Steve McGill,
currently chief executive officer of Aon Risk Services Americas and
Aon Global, and Ted T. Devine, currently chief executive officer of
Aon Re Global. McGill will serve as chairman and chief executive
officer and Devine as president of Aon Risk Services, and both will
continue to be based in Chicago. McGill, whose career spans three
decades, has led Aon Risk Services Americas and Aon Global since
2006. Through his leadership with clients, markets and Aon
colleagues, he has helped to drive industry-leading growth that has
positioned Aon as the world's largest insurance brokerage and risk
management firm. Devine, who joined Aon in 2005, has served as
chief executive officer of Aon Re Global, head of strategy for Aon
Corporation, chief operating officer of Aon Risk Services Americas
and chief operating officer of Aon Global. Devine has driven
operational excellence throughout the firm and led the
implementation of Aon's company-wide initiative driving revenue
growth across all businesses. "In bringing all our Aon Risk
Services operations together, we are enhancing the ability of our
colleagues around the world to bring their deep knowledge of local
needs, innovation and expertise to one global, client-focused
business," said McGill. "This will reinforce our ability to ensure
that innovative solutions are delivered globally, and we will see
to it that no hurdle -- real or perceived -- stands in the way of
bringing the very best of Aon to our clients." "For Aon Risk
Services to truly operate on a global scale, Steve and I will
create a global leadership team of senior Aon professionals from
around the world," Devine said. "We have great leaders in every
region, and by bringing them together to lead Aon Risk Services, we
will further improve our client leadership capabilities and will
position our firm to deliver even more value and impact for our
clients." 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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