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
Rahsaan_Johnson@aon.com David_Prosperi@aon.com
SOURCE Aon Corporation
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Related links: http://www.aon.com
Photo Notes: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, photodesk@prnewswire.com
CONTACT: Rahsaan Johnson, +1-312-381-2684, Rahsaan_Johnson@aon.com, or David Prosperi, +1-312-381-2485, David_Prosperi@aon.com, both of Aon Corporation
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