Largest Private Sector FDIC Buyout of 2009 Backed by Aon's Risk Management and Employee Benefits Guidance
03 Aprile 2009 - 6:00PM
PR Newswire (US)
LOS ANGELES, April 3 /PRNewswire-FirstCall/ -- Aon Corporation
(NYSE: AOC), the leading provider of global risk management and
consulting services, today announced that it has partnered with the
recently launched OneWest Bank Group to serve the insurance and
employee benefits needs of its business operations. The agreement
enables OneWest to approach its solutions through the services of
Aon's core strengths - risk management consulting, insurance
brokerage and human capital benefits consulting. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) The
partnership allows OneWest to leverage Aon's relationships with the
marketplace through a complete financial services, property and
casualty suite - pooling together its local insurance and employee
benefits resources. As a result, OneWest will reduce dependency on
its own capital. "By utilizing Aon's depth of resources and
fact-based intelligence to seamlessly analyze the acquisition's
total cost of risk, we were able to help this top-shelf group of
investors meet its forecast, coverage goals and close the deal,"
stated Michael O'Connell, managing director of Aon Risk Services'
financial institutions practice. A newly formed thrift holding
company owned by a consortium of private investors such as J.C.
Flowers & Co., Paulson & Co. and MSD Capital, OneWest Bank
Group completed its acquisition of the banking operations of
IndyMac Federal Bank from the Federal Deposit Insurance Corporation
earlier this month. "We are thrilled to partner with a firm as
committed to its customers as it is to its own growth," added Sam
Cargill, chairman of Aon's southern California operations and
managing principal of Aon Global - Americas. "As OneWest expands
its retail branch network and grows as a major lender, Aon's
national capabilities will be further engaged." "We intend to make
OneWest synonymous with the kind of personalized,
relationship-based banking customers should expect from a community
bank with deep local roots," said OneWest Bank CEO Terry Laughlin.
"There is a gap in the market for the type of banking services we
will provide in the years ahead, and we will continue to benefit
from key partners like Aon, which recognized our promise from the
beginning." About OneWest Bank Group LLC OneWest Bank Group LLC,
which wholly owns OneWest Bank, FSB, is a privately-held thrift
holding company whose investors include Steven Mnuchin, entities
advised by J.C. Flowers & Co. LLC, Paulson & Co., MSD
Capital, L.P., Stone Point Capital LLC, SSP Offshore LLC and SILAR
MCF-I LLC. OneWest Bank, FSB is a regional bank focused on
delivering personalized, relationship-based banking to its
customers. The bank has 33 retail branches in Southern California
with approximately $6.4 billion in deposits and total assets of
$16.0 billion, including a loan portfolio, a securities portfolio,
a servicing platform with mortgage servicing rights (MSRs)
representing an unpaid principal balance of $153.4 billion, and a
reverse mortgage platform, Financial Freedom, with a reverse
mortgage portfolio and MSRs representing an unpaid principal
balance of $21.3 billion. OneWest is an FDIC-insured institution
and funds deposited in the bank are insured up to the FDIC's
insurance limit of $250,000 per depositor. Information about
OneWest Bank can be found on the company's website at
http://www.onewestbank.com/. About Aon Aon Corporation (NYSE:AOC)
is the leading global provider of risk management services,
insurance and reinsurance brokerage, and human capital consulting.
Through its more than 37,000 colleagues worldwide, Aon readily
delivers distinctive client value via innovative and effective risk
management and workforce productivity solutions. Aon's
industry-leading global resources and technical expertise are
delivered locally through more than 500 offices in more than 120
countries. Named the world's best broker by Euromoney magazine's
2008 Insurance Survey, Aon also ranked highest on Business
Insurance's listing of the world's largest insurance brokers based
on commercial retail, wholesale, reinsurance and personal lines
brokerage revenues in 2008. A.M. Best deemed Aon the number one
insurance broker based on brokerage revenues in 2007 and 2008, and
Aon was voted best insurance intermediary, best reinsurance
intermediary and best employee benefits consulting firm in 2007 and
2008 by the readers of Business Insurance. For more information on
Aon, log onto http://www.aon.com/. Media Contacts: Kelly Drinkwine,
Aon, 312.381.2684, Paul Kranhold or Diane Henry, Sard Verbinnen
& Co. for OneWest, 415.618.8750 Investor Contact: Scott
Malchow, Aon, 312.381.3983,
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Media, Kelly Drinkwine of Aon, +1-312-381-2684, ; or Paul Kranhold
or Diane Henry, both of Sard Verbinnen & Co., +1-415-618-8750,
for OneWest; or Investors, Scott Malchow of Aon, +1-312-381-3983,
Web Site: http://www.onewestbank.com/ http://www.aon.com/
Copyright
Grafico Azioni AON (NYSE:AOC)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni AON (NYSE:AOC)
Storico
Da Lug 2023 a Lug 2024