Defense Industry Navigating Age of Financial Uncertainty, Says Aon
01 Settembre 2009 - 12:05AM
PR Newswire (US)
Annual report by Aon Analytics indicates how defense industry is
managing risk CHICAGO, Aug. 31 /PRNewswire-FirstCall/ -- Aon
Corporation (NYSE:AOC), the leading global provider of risk
management services, today released its 2009 Defense Industry
Benchmarking Report. The annual report was generated by Aon
Analytics to address the key issues and concerns of defense
industry clients and support their risk management decision-making
with quality data and informed analysis. These findings will allow
organizations to benchmark their risk management and risk financing
practices against those of their peers and competitors and identify
practices or approaches that may improve the effectiveness of
existing risk management strategies. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) The
benchmarking data in the report reflects insurance programs of
major U.S. Department of Defense contractors, all of which have
trailing 12-month revenues greater than $8 billion. The Aon
Analytics 2009 Defense Industry Benchmarking Report is broken into
five categories: -- Retentions: analyzing insurance retention
trends in workers' compensation; auto, general and property
liability; coverage related to the Defense Base Act -- Limits:
benchmarking insurance limits for aviation, directors' and
officers', and umbrella/excess liability coverage -- Premiums:
comparing DBA premium rates of 18 companies -- Risk management
department size: measuring staffing patterns -- Captive usage:
reviewing the employment of this vehicle to help manage and finance
property/casualty risks "The global business environment is
simultaneously full of risk and opportunity as the credit crisis
and recession continue to evolve," said Charlie Skinner, managing
director of Aon's Defense Industry Alliance. "Organizational
sustainability and profitability demands the proactive
understanding and management of risk. "Previously, credible and
relevant risk-financing program benchmarking data has been hard to
come by. With our unmatched data resources, Aon is pleased to
provide our defense industry clients with the information they
require to assure stakeholders that their risk management function
is not only operational, but vigilant and efficient." Methodology
Aon's 2009 Defense Industry Benchmarking Report is primarily based
on data collected in May and June 2009 through a survey of major
contractors to the U.S. Department of Defense. Aon Analytics, along
with the support of additional Aon insurance and industry
specialists, collected and tabulated the results, provided analysis
and interpreted the findings, and prepared the report. To access
Aon's 2009 Defense Industry Benchmarking Report, visit
http://www.aon.com/defenseindustryreport Follow Aon on Twitter:
http://www.twitter.com/aoncorp 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 and 2009 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
Cybil Rose 312.381.2684 312.755.3537
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Kelly Drinkwine of Aon Corporation +1-312-381-2684, ; or Cybil
Rose, +1-312-755-3537, , for Aon Corporation Web Site:
http://www.aon.com/
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