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12/20/10 Aon to Work With American Corporate Partners on Career Mentoring Program for Veterans
Firm to Host Second Wounded Warriors Event in New York City Joining a growing list of corporate partners supporting America's war veterans, Aon Corporation, the leading global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing (NYSE: AON), today announced it will work with American Corporate Partners (ACP), as part of a nationwide career mentoring program for the generation of veterans returning from the wars in Iraq and Afghanistan. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) While ACP, a New York-based nonprofit, is not a jobs program, it provides a unique career development opportunity for veterans, from former enlisted members and officers to current Reservists and National Guard members, who have served on active duty after 2001. Also welcome in the program are the spouses of those service members severely wounded or who died while serving. Approximately 50 Aon professionals around the...
12/16/10 Aon Answers Need for Municipal Sector Risk Expertise With Public Entity Practice Launch
Aon Risk Solutions, the global risk management business of Aon Corporation (NYSE: AON), announced today that it has formed a Public Entity practice to address and work to fulfill increased demand among state governments, counties, towns, special districts and public schools for specialized risk advice and services. Industry veteran William F. Becker, who previously managed sales for Aon's Capitol offices, will lead the new practice. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO ) "Risks in the municipal sector are unlike those in any other industry, and special attention is required to effectively mitigate threats," said John Willett, national industry practice group leader for Aon Risk Solutions. "In this troubled economy, municipalities see the value of having a dedicated team of risk experts to help manage tremendous exposures, such as those facing police and firefighters, high concentration and unique property portfolios, and risks of injury to the employee base."...
12/14/10 Aon Hewitt Survey Shows 2011 Compensation Budgets Stabilizing
Anticipating Improved Business Performance, Employers Hold the Line on Salary and Variable Pay Increases A new survey from Aon Hewitt, the global human resource consulting and outsourcing business of Aon Corporation (NYSE: AON), reveals that compensation budgets are likely to remain intact for 2011. Additionally, few companies anticipate having to take drastic actions such as pay freezes to reduce costs. Aon Hewitt's survey of more than 500 employers found that three-quarters of companies expect to reach or exceed business performance goals this year, leading to the stabilization of pay and variable pay budgets in 2011. Most companies (56 percent) made no revisions to their original base salary increase budgets, which are anticipated to be at their highest levels in two years. In 2011, salary increases for salaried exempt workers (those workers for whom overtime rules do not apply) are expected to be 2.8 percent. This is up from 2.4 percent in 2010, and significantly higher than the...
12/10/10 New Analysis From Aon Hewitt Paints Rocky Retirement Picture for Younger Workers
While Fewer Benefits and Higher Health Care Costs Mean Generation Y Workers Need to Save More, Most Likely to be Ill Prepared for Retirement Stagnant wages, job insecurity and a steady decline in pension plan and retiree medical benefits have jeopardized the retirement security of many workers-but to different degrees. A new analysis by Aon Hewitt, the global human resource consulting and outsourcing business of Aon Corporation (NYSE: AON), reveals that Generation Y workers (those ages 18 to 30) may be most at risk from these trends despite having the most amount of time to save. Due to lack of participation in defined contribution plans, low savings rates and high rates of cashouts, eight in ten Generation Y workers will not meet all of their financial needs in retirement unless they significantly improve their saving and investing behaviors. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) After factoring in inflation and postretirement medical costs, Aon Hewitt...
12/07/10 Consumer Confidence in Retail Industry on the Rise, Says Aon 2010 U.S. Retail Industry Report
Retail Symposium survey says retailers see 2011 as year of growth According to Aon Risk Solutions, the global risk management business of Aon Corporation (NYSE: AON), consumer confidence in the retail industry is rising, up almost 20 percent since 2009. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) Aon's 2010 U.S. Retail Industry Report, along with survey results from Aon's 2010 Retail Symposium, named the economy as the industry's number one risk in 2010, and found that many retailers will focus on growth in 2011. Findings from both reports were released today. 2010 U.S. retailers cited their top five risks as the economy, reputation risk, supply system disruption, liability risk and major business interruption. As expected, the economic slowdown brought reduced consumer spending in 2010. On top of that, the industry experienced an influx of product recalls and weather events, translating into reputation damage, supply chain disruption and business interruption for...
12/06/10 Two Aon Executives Honored as 'Women to Watch' by Business Insurance
Aon Corporation (NYSE: AON) today announced that two executives have been named to Business Insurance magazine's 2010 "Women to Watch" list: Maggie Westdale, chief financial officer and chief operating officer of Aon Benfield and Marguerite Soeteman-Reijnen, chief broking officer for Europe, Middle East and Africa at Aon Risk Solutions. An Aon leader has been named to the "Women to Watch" list each year since the awards were launched in 2006. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) Business Insurance's annual "Women to Watch" feature highlights an elite group of 25 women who are doing outstanding work in commercial insurance, reinsurance, risk management, employee benefits and related fields. A panel of the magazine's senior editors selected this year's honorees based on their recent professional achievements, influence on the marketplace and contributions to the advancement of women in business. As chief financial officer and chief operating officer of Aon...
12/03/10 Aon's Value to Clients Recognized by Reactions Magazine
Aon Corporation (NYSE: AON), the leading global provider of risk management, risk and reinsurance brokerage, and human resources consulting and outsourcing, recently won six prestigious industry accolades at Reactions magazine's annual awards ceremony in New York, highlighting the firm's extensive and diverse global capabilities it delivers to clients every day. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) Aon Risk Solutions, the firm's global risk management business, was named Best Global Broker, while Aon's reinsurance intermediary and capital advisor, Aon Benfield, was named Best Reinsurance Broker. The two Aon divisions received further awards in the following categories. Best Global Insurance Broking Firm for Property - Aon Risk Solutions Best Global Reinsurance Broking Firm for Property - Aon Benfield Best ILS Adviser - Aon Benfield Best Global Reinsurance Broking Firm for Analytics - Aon Benfield The awards are the result of the Reactions editorial team...
11/30/10 HMOs See Highest Rate Increases in Five Years, According to Aon Hewitt
HMO Premiums Continue to Greatly Outpace Underlying Health Care Trends and Inflation An analysis by Aon Hewitt, the human capital consulting and outsourcing solutions business of Aon Corporation (NYSE: AON), indicates that HMO plans will have the highest premium increases in five years. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) According to Aon Hewitt proprietary data, derived from its Hewitt Health Resource(TM) (HHR)-a website that captures HMO rate information for 160 large companies representing approximately 1 million participants-average HMO rates for 2011 increased 9.8 percent after plan changes, negotiations and terminations. This is the highest rate increase since 2006 (10 percent). Final rate increases were 9.4 percent and 9.0 percent in 2010 and 2009, respectively. Aon Hewitt believes a number of factors are contributing to high HMO premium costs. During the past few years, high deductible health plans (HDHP) and PPO plans-both of which generally have a...
11/22/10 Aon Hewitt Earns No. 1 Spot on HRO Today Magazine's List of Top Screening and Assessment Providers
Ranking is based on customer satisfaction scores Aon Hewitt, the human capital consulting and outsourcing solutions business of Aon Corporation (NYSE: AON), announced today that its Talent & Rewards Practice earned the No. 1 ranking on HRO Today magazine's list of the Top 13 Screening and Assessment Providers. The 2010 Baker's Dozen Top Screening and Assessment Providers ranking is based on customer satisfaction scores and weighted on quality of service, breadth of service and size of client deals. "We are honored to be recognized as the No. 1 screening and assessment provider," said Daniel P. Russell, senior vice president and National Selection and Assessment Service Line leader with Aon Hewitt. "This recognition would not be possible without our clients, so I thank them for responding to the survey on our behalf and for their continued partnership. This achievement also underscores the assessment team's dedication to providing innovative and best-in-class screening and...
11/17/10 Aon Hewitt Honored With Three Distinguished HRO Association Awards
Aon Hewitt Recognized for Client Partnerships and Leadership Excellence Aon Hewitt, the human capital consulting and outsourcing solutions business of Aon Corporation (NYSE: AON), announced today it was recognized by the HRO Association (HROA) for its excellence in client work and executive leadership. Aon Hewitt was honored with three awards-the most of any other outsourcing provider: Customer Relationship of the Year-Large Market, with Boeing Customer Relationship of the Year-Multi-Process, with a large financial services client Provider Executive of the Year-Jim Konieczny, chief executive officer of Aon Hewitt's HR business process outsourcing (BPO) business "These awards reinforce Aon Hewitt's leadership in the HR Outsourcing industry and are terrific examples of how we work with clients to create long-lasting, successful partnerships," said Russ Fradin, chief executive officer of Aon Hewitt. "Our focus on delivering high-quality service remains an industry differentiator in our...
11/10/10 Aon Launches Global Energy Risk Engineering Unit
Oil and Gas Companies to Benefit from Extended Range of Services, Unique to Aon Aon Risk Solutions, the global risk management business of Aon Corporation (NYSE: AON), today announced it has consolidated its energy risk engineering assets around the world to form a new unit, known as Aon Energy Risk Engineering. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) Building upon the expertise previously delivered to Aon's clients under brands such as Risk Reliability and Systems Engineering (RRS/Schirmer) and Hydrocarbon Risk Consultants (HRC), Aon Energy Risk Engineering will leverage the existing technical expertise across the globe by creating a platform for continued investment in and innovation around a range of services critical for clients in the energy sector, including: Process safety, Risk assessment, Industrial fire protection, Underwriting reports and Insurance valuations. "Energy and chemical...
11/09/10 Appel to Leave Aon at Year-End
Aon Corporation (NYSE: AON) announced today that Andrew Appel, the firm's chief operating officer, will be leaving the company at the end of the year. At the present time there are no plans to fill the position upon Appel's departure. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) "Andrew has had a great impact in multiple roles across the firm over the past five years, including Aon Consulting and Aon Benfield as chief executive officer, and more recently as chief operating officer of Aon," said Greg Case, Aon's president and chief executive officer. "As Chairman and CEO of Aon Consulting, Andrew led a business that more than doubled in profitability, with substantially improved growth. As CEO of Aon Benfield, he led the integration of Aon Re Global and Benfield. More recently, as our chief operating officer, he co-led our internal team whose work allowed us to pursue our partnership with Aon Hewitt....
11/04/10 Aon Wins More Readers Choice Awards From Business Insurance Than Any Other Firm
For the fourth consecutive year, Aon Corporation (NYSE: AON) received more Readers Choice awards from the readers of Business Insurance magazine than any other firm in the industry. The 2010 awards were announced on the evening of November 3, at a dinner hosted by Business Insurance in Chicago. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) For the third consecutive year, Aon Risk Solutions (ARS) was recognized as the best retail agent/broker with revenues in excess of $250 million. ARS also won the retail agent/broker award in 2007 when there was no revenue distinction. Aon Benfield was the recipient of the award for best reinsurance intermediary for the fifth straight year. Aon Global Insurance Managers was again named best captive manager after winning the inaugural award in 2009. Aon Consulting, which won the award for best employee benefit consultant firm for four straight years from 2006-2009, was...
11/03/10 More Holiday Cheer in Hiring This Season, Says Aon Hewitt
More than 80 percent of organizations in customer service, consumer industries are hiring the same amount or more workers this holiday season than last year, according to Aon Hewitt, the human capital consulting and outsourcing business of Aon Corporation (NYSE: AON). Aon Hewitt surveyed more than 70 leading organizations within the retail, hospitality and quick-serve restaurant industries and found that 55 percent are hiring the same amount of seasonal workers this year compared to last year and 29 percent are hiring more employees. Only 16 percent are bringing on fewer workers. Specifically, the study found 60 percent of respondents are hiring less than 100 employees companywide this holiday season, and of those organizations, 70 percent indicated this was the same amount as last year. Overall, 12 percent of respondents are hiring between 100 and 1,000 seasonal employees; 12 percent are hiring between 1,000 and 2,500; and 10 percent are hiring between 2,500 and 5,000. Only 5 percent...
10/29/10 Aon Reports Third Quarter 2010 Results
Third Quarter Highlights  Total revenue was $1.8 billion with organic revenue similar to the prior year quarter EPS from continuing operations increased 28% to $0.51 and adjusted EPS from continuing operations, excluding certain items, decreased 6% to $0.61 Brokerage revenue was $1.5 billion with a decline in organic revenue of 1% Brokerage operating margin was 17.4% and the adjusted operating margin, excluding certain items, decreased 10 basis points to 17.9% Consulting revenue was $321 million with an increase in organic revenue of 4% Consulting operating margin was 16.8% and the adjusted operating margin, excluding certain items, increased 150 basis points to 17.1% Subsequent to close of the quarter, completed the merger of Hewitt Associates, Inc. with Aon Consulting, creating a global leader in HR solutions Aon Corporation (NYSE: AON) today reported results for the third quarter ended September 30, 2010. Net income attributable to Aon stockholders was $144 million or $0.51...
10/28/10 Aon Names Betts as Global Chief Information Officer
Focus Will Be On Delivering Innovative Technology to Clients Aon Corporation (NYSE: AON), the leading global provider of risk management, insurance and reinsurance brokerage, and human capital consulting and outsourcing, today announced the appointment of Steve Betts, currently the chief information officer for Aon Benfield, as global chief information officer for Aon. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) Betts begins his new role immediately and will report to Christa Davies, Aon's Executive Vice President and Chief Financial Officer. He also will continue in his current role at Aon Benfield until a replacement is named. "Steve has done a tremendous job as chief information officer for Aon Benfield," said Davies. "With his global team, Steve will provide the leadership necessary to work with each of our business units to deliver the infrastructure and innovative technology necessary to more...
10/21/10 Aon Hewitt Analysis Shows a Slight Rebound in Global Pension Funding Levels in Third Quarter 2010
Despite Major Drop in August, Overall Funding Levels Recover Due to Strong Asset Performance in July and Septembe Despite a major drop in global pension funding levels in August, strong asset performance in July and September helped boost the overall funded status of global pension plans in the third quarter of 2010, according to a new analysis from Aon Hewitt, the human capital consulting and outsourcing solutions business of Aon Corporation (NYSE: AON). (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) Aon Hewitt monitors and analyzes daily pension funding levels of U.S., U.K., Continental European, and Canadian companies in the S&P 500, FTSE 350, DJ Euro Stoxx 50 and TSX, respectively, through its Pension Risk Tracker tool. Aon Hewitt found that the funded status of global pension plans were 80 percent during the third quarter of 2010, up slightly from 79 percent in the second quarter. According to...
10/20/10 Veteran Insurance Journalist Joins Aon as Director of Marketing and Communications
Aon Corporation (NYSE: AON), the leading global provider of risk management services and human capital consulting, today announced the appointment of Regis J. Coccia, a former editor of Business Insurance with over 20 years of experience in journalism, as director of marketing and communications. He joins Aon on November 1. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) In the newly created role, Coccia will support Aon's corporate marketing and communications teams on projects across the company's business units with responsibilities including strategic development of client-focused communications and thought leadership. "I am extremely excited that we were able to attract someone of Regis' caliber to the Aon team," said Phil Clement, Aon's global chief marketing and communications officer. "His knowledge of our industry and of Aon's client focus will add great value for our global clients and colleagues...
10/20/10 Professional Liability Costs for Hospitals and Physicians Continue to Rise, Outpacing Inflation
Hospitals and physicians should expect the frequency and severity of medical malpractice claims to rise in the coming years Hospitals and physicians should prepare for increasing liability costs, according to the 2010 Hospital Professional Liability and Physician Liability Benchmark Analysis created by Aon Risk Solutions, the global risk management business of Aon Corporation (NYSE: AON), in conjunction with the American Society for Healthcare Risk Management. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) In its 11th year, the study confirms an emerging change in the liability environment: The frequency of claims against hospitals has entered a growth phase. Combined with continued claim severity growth, this uptick is expected to drive liability costs up at a rate higher than general inflation. U.S.-based hospitals are expected to face more than 44,000 claims arising from incidents occurring in 2009,...
10/18/10 Aon Announces Third Quarter 2010 Earnings Release and Conference Call
Aon Corporation (NYSE: AON) plans to announce third quarter 2010 results on Friday, October 29, 2010 in a news release to be issued before the market opens. Greg Case, president and CEO will host a conference call at 7:30 am Central Time on Friday, October 29, 2010. The conference call will be broadcast live through Aon's website at www.aon.com. Windows Media Player is required to listen to this webcast. A replay will be available shortly after the live webcast. The earnings release will be available on Aon's web site at www.aon.com. About Aon Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 59,000 colleagues worldwide, Aon 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...
10/13/10 Hewitt EnnisKnupp Hires New Head of Global Private Equity
Leader Brings a Level of Expertise and Breadth that is Unmatched in the Investment Consulting Industry Hewitt EnnisKnupp, an Aon Hewitt company, announced today it has hired Karen Rode as the leader of its Global Private Equity group. In this role, Rode will be responsible for leading a team of professionals that help Hewitt EnnisKnupp's clients build highly tailored and effective global private equity programs. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) Rode has nearly 20 years experience in the private equity market and has held a variety of senior positions, including sourcing, underwriting and portfolio management. Prior to joining Hewitt EnnisKnupp, she was the Senior Managing Director of Funds at GE Capital, where she led the company's global fund investment activities and co-led the GE Healthymagination fund. "As one of the largest investment consulting firms in the world, Hewitt EnnisKnupp is...
10/07/10 Aon Declares Quarterly Dividend
Aon Corporation (NYSE: AON) today announced that the Board of Directors has declared a quarterly cash dividend of $0.15 per share on its outstanding common stock. The dividend is payable on November 15, 2010 to stockholders of record on November 1, 2010. About Aon Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 59,000 colleagues worldwide, Aon 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, 2009 and 2010 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage...
10/05/10 Schirmer Engineering Adopts Aon Name, Expands Global Reach & Services
Aon Corporation (NYSE: AON), the leading global risk management and human capital solutions firm, today announced that Schirmer Engineering, has been rebranded Aon Fire Protection Engineering. Aon's fire protection engineering, building code consulting, life safety and security consulting group was acquired in 2001 and serves its clients through 19 offices worldwide. By associating more closely in name with Aon, clients and project partners of Aon Fire Protection Engineering will realize added value, such as single-source access to an integrated team of knowledge leaders available locally in 500 offices across 120 countries, and expertise covering all aspects of risk management, including property risk control and business protection.  (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) "The Aon brand better represents our growing global presence and will help to increase our clients' awareness of the...
10/01/10 Aon Completes Merger With Hewitt Associates
Aon Hewitt Ready to Serve Clients on Day One Aon Corporation (NYSE: AON) today announced that it has completed its merger of Hewitt Associates, Inc. with a subsidiary of Aon, creating Aon Hewitt, the world's premier human capital solutions firm. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) "The completion of this merger marks yet another important milestone in the history of Aon and is an industry-changing event that will create new standards in the human capital space," said Greg Case, president and chief executive officer of Aon. "Through Aon Hewitt, we will provide our clients with a broader portfolio of innovative products and services focused on what we believe are two of the most important topics facing today's global economy - risk and people." Russ Fradin, chairman and chief executive officer of Aon Hewitt, added, "As Aon Hewitt, we are a stronger, more global industry leader, bringing...
09/30/10 Aon and Hewitt Announce Preliminary Stockholder Election Results in Connection with Proposed Merger
Aon Corporation (NYSE: AON) and Hewitt Associates, Inc. (NYSE: HEW) announced today the preliminary results of the elections received from Hewitt stockholders regarding their preferences as to the form of merger consideration they will receive in connection with the proposed merger of Hewitt with a wholly owned subsidiary of Aon pursuant to the terms of the Agreement and Plan of Merger, dated as of July 11, 2010, between Aon, two wholly owned subsidiaries of Aon and Hewitt (the "Merger Agreement"). As previously announced, the deadline for Hewitt stockholders to have delivered merger consideration elections in connection with the proposed merger was 5:00 p.m., New York time, on September 29, 2010. Of the 93,319,596 shares of Hewitt common stock outstanding as of September 29, 2010, holders of: 8,037,727 shares, or approximately 8.61% of outstanding shares, elected to receive cash; 43,792,816 shares, or approximately 46.93% of outstanding shares, elected to receive Aon common stock;...
09/27/10 Toronto is the Lowest Risk City in the World for Employers, Says Aon Consulting
People Risk Index helps organizations assess risks when hiring, employing and moving staff A first-of-its-kind global study found Toronto to be the city with the lowest risk in the world to recruit, employ and relocate employees, according to Aon Consulting, the global benefits and human capital consulting business of Aon Corporation (NYSE: AON). (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) Aon Consulting's People Risk Index measured the risks that organizations face with recruitment, employment and relocation in 90 cities worldwide(1) by analyzing demographics, education, employment practices and government regulations (See below for global rankings and U.S. highlights). According to the Index, the five lowest risk cities for employers are Toronto, New York, Singapore, London and Montreal. On the opposite end of the ratings, locations such as Dhaka, Bangladesh; Phnom Penh, Cambodia; Lagos, Nigeria;...
09/24/10 Aon and Hewitt Expect Proposed Merger to Close in Early October
Election Deadline for Hewitt Shareholders Set for September 29 Aon Corporation (NYSE: AON) and Hewitt Associates, Inc. (NYSE: HEW) announced today that they currently anticipate completing their proposed merger transaction pursuant to the previously announced Agreement and Plan of Merger, dated as of July 11, 2010, between Aon, two wholly owned subsidiaries of Aon, and Hewitt (the "Merger Agreement") on or about October 1, 2010. The proposed merger transaction remains subject to the satisfaction of customary closing conditions, including the receipt of certain regulatory approvals.  (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) In connection with the anticipated completion of the proposed merger transaction, the election deadline for Hewitt stockholders to elect the form of merger consideration they will receive in the merger transaction has been set as 5:00 p.m., New York City time, on September...
09/22/10 Product Recall Insurance Awareness Rises as Food Contamination Incidents Increase
Aon Analytics releases its 2010 Food System, Agribusiness and Beverage Industry report The claims costs connected to the recent half billion egg recall will be unprecedented and include liabilities such as business interruption and reputation damage. During the next 15 months, the U.S. Food and Drug Administration will inspect the 600 largest egg production facilities, in response to the recall. From pet food to tomatoes, the frequency and severity of food recalls are increasing, prompting greater awareness among food system, agribusiness and beverage companies to insure against such events. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) Aon Risk Solutions, the global risk management business of Aon Corporation (NYSE: AON), recently released its 2010 Food System, Agribusiness and Beverage report, which highlighted the need for food system, agribusiness and beverage companies to reduce volatility in...
09/21/10 Aon and NASDAQ OMX Report Reveals Improved Governance, Ample Capacity Driving Soft Executive Liability Market
CHICAGO, Sep 21, 2010 (GlobeNewswire via COMTEX) - Improved corporate governance, fewer securities class-action lawsuits and ample capacity drive the soft directors' and officers' liability market, according to the annual D&O Peer Benchmarking Report presented by NASDAQ OMX and Aon. The continued softening of the D&O insurance market is welcomed by major public corporations as they strive to reduce costs and improve bottom line performance. NASDAQ OMX, the world's largest exchange company, released the report today in association with Aon Risk Solutions, the global risk management business of Aon Corporation (NYSE:AON). Nearly 600 NASDAQ OMX companies from 46 states and 18 countries participated in the survey. According to the report, these organizations purchased more than $21 billion in limits and $370 million in premiums, and owned 2,245 policies in 2009. The coverage was placed through 62 different insurance brokers. "Public companies are under tremendous pressure to trim...
09/21/10 Aon Adds Top-Tier Talent to Rail Industry's Largest and Leading Broker Team
Aon Risk Solutions, the global risk management business of Aon Corporation, today announced that Jeff Homes was appointed to senior vice president of the company's global rail practice, the industry's largest practice with the most established group of experts. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) With more than 20 years of experience, Homes is an industry-leading expert on risk management for manufacturing, service and transportation. In his new role, Homes will serve as a trusted advisor to major rail clients in the Baltimore/D.C. area. Prior to Aon, Homes served as senior vice president for the casualty practice of Marsh. As the leading broker in the rail insurance market, Aon's new appointment builds on a strong team of brokers and account executives across the globe that provide custom risk management solutions to the rail industry. "I am thrilled to be joining a worldwide team of dedicated...
09/20/10 Aon Stockholders Approve Share Issuance in Hewitt Merger
At a special meeting of stockholders of Aon Corporation (NYSE: AON) held today, Aon stockholders voted in favor of a proposal to approve the issuance of shares of Aon common stock to stockholders of Hewitt Associates Inc., pursuant to the previously announced Agreement and Plan of Merger, dated as of July 11, 2010, between Aon, two wholly owned subsidiaries of Aon, and Hewitt. Earlier in the day, stockholders of Hewitt approved adoption of the Agreement and Plan of Merger at a special meeting of Hewitt's stockholders. Completion of the transaction remains subject to customary closing conditions, including the receipt of certain regulatory approvals. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) About Aon Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 colleagues...
09/14/10 Double-Digit Health Care Cost Increases Continue in 2011, Says Aon Consulting
Cost increases drive employers to consider new health care benefit strategies Medical plan costs are forecasted to increase at double-digit rates in the next 12 months(1). Employers must evaluate their health care benefit strategies, preparing for increases in 2011 and after health care reform provisions are implemented. Today, Aon Consulting, the global benefits and human capital solutions business of Aon Corporation (NYSE: AON), released its summer 2010 Health Care Trend Survey. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) Aon Consulting surveyed more than 60 leading health care insurers, representing more than 100 million insured individuals, and found that health care costs are projected to increase by 10.5 percent for HMOs, 10.6 percent for POS plans, 10.7 percent for PPOs and 11 percent for CDH plans. These findings are slightly higher than a year ago when HMO increases were 10.4 percent, POS...
09/13/10 Aon and Russell P. Fradin Agree on Key Financial Terms of Five-Year Employment Agreement
- Fradin makes commitment to retain Aon stock - Senior leadership of Aon Hewitt is announced Aon Corporation (NYSE: AON) today announced that in connection with the proposed merger of Hewitt Associates with Aon Corporation, Aon and Russell P. Fradin, Hewitt's current Chief Executive Officer, have agreed on the key financial terms of a five-year employment agreement that, when completed, will be contingent and will become effective upon consummation of the merger. Selected highlights of the key financial terms include: Mr. Fradin will serve as Chairman and Chief Executive Officer of Aon Hewitt reporting to Greg Case, President and Chief Executive Officer of Aon; The term of the employment agreement will be for five years from closing of the merger; Mr. Fradin has agreed to take a substantial portion of his change in control compensation in Aon restricted stock units that will be distributed only when he ceases to be employed by Aon; Mr. Fradin has also agreed to retain all future...
09/07/10 Aon Announces the Pricing of $1.5 Billion of Senior Unsecured Notes
Aon Corporation (NYSE: AON) today announced that it has agreed to sell $1.5 billion of senior unsecured notes in an underwritten public offering. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) Of these notes, $600 million will mature on September 30, 2015 and bear interest at a fixed annual rate of 3.50 percent; $600 million will mature on September 30, 2020 and bear interest at a fixed annual rate of 5.00 percent; and $300 million will mature on September 30, 2040 and bear interest at a fixed annual rate of 6.25 percent. The offering is expected to close on September 10, 2010. Net proceeds from the offering are intended to be used in connection with Aon's merger transaction with Hewitt Associates, Inc., which was announced on July 12, 2010. Upon closing of the offering, the net proceeds will be deposited into an escrow account to be held until the merger transaction is consummated or terminated, in which...
08/26/10 Aon's Implemented Investment Consulting Reaches the $1 Billion Mark in Total U.S. Assets Under Management for 2010
Aon's Implemented Investment Consulting group now manages more than $1 billion in total assets for U.S. based clients, according to Aon (NYSE: AON). This comes less than one year since the group's inception within the organization. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) "We saw the opportunity to help clients develop a de-risking strategy to ensure the sustainability of their defined benefit plan, or for many sponsors, the termination of their plan to remove the risk from the corporate balance sheet," said Kathryn Hayley, CEO of Aon Consulting. "In large part, the success of this group can be attributed to a differentiated approach, which not only includes risk mitigation, but also the development and execution of a pension plan exit strategy through a truly independent platform." Building on Aon's risk management expertise, the Implemented Investment Consulting group develops a targeted approach...
08/25/10 Unemployed See COBRA Costs Increase in 2010, While Current Workers Brace for More Health Care Cost Shifting in 2011, Says Aon Consulting
As the national unemployment rate continues to hover around 10 percent, health care costs for those jobless Americans have seen a year-over-year increase, according to Aon Consulting, the global benefits and human capital consulting business of Aon Corporation (NYSE: AON). (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) Aon Consulting surveyed 1,079 employers nationwide in its 2010 Benefits Survey, and found an increase in monthly COBRA* contributions for terminated employees. Specifically, the average monthly cost for employee-only HMO coverage for a terminated worker is $429 this year, compared to $399 for the same coverage in 2009. For employee plus family, the former employee is paying $1,251 a month this year, compared to $1,171 per month last year. As for PPO coverage, the average monthly cost for employee only is $449 in 2010, compared to $439 in 2009, and for employee plus family, the cost tops out...
08/24/10 Aon and Hewitt Announce Expiration of Hart-Scott-Rodino Waiting Period for Pending Merger
Aon Corporation (NYSE: AON) and Hewitt Associates, Inc. (NYSE: HEW) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, relating to Aon's proposed merger with Hewitt has expired, thereby satisfying a condition to the closing of the transaction. The transaction remains subject to the satisfaction of other customary closing conditions, including foreign regulatory approvals and approval by the stockholders of both Aon and Hewitt. About Hewitt Hewitt Associates (NYSE: HEW) provides leading organizations around the world with expert human resources consulting and outsourcing solutions to help them anticipate and solve their most complex benefits, talent, and related financial challenges. Hewitt works with companies to design, implement, communicate, and administer a wide range of human resources, retirement, investment management, health care, compensation, and talent management strategies. With a history of exceptional client service...
08/06/10 Public/Private Partnership Key to Availability and Affordability of Terrorism Risk Insurance, Aon Says
Company Responds to U.S. Treasury Department's Request for Comment Aon Corporation (NYSE: AON), a leading global provider of risk management, insurance and reinsurancebrokerage services and human capital solutions, has responded to the President's Working Group on Financial Markets' request for comment on the long-term availability and affordability of terrorism risk insurance, reiterating the vital importance of a federal backstop or a viable substitute to protect individual companies as well as the global economy in the face of a catastrophic terrorist attack. The President's Working Group is part of the U.S. Department of the Treasury. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) As a result of enacting the original Terrorism Risk Insurance Act of 2002 and the most recent Terrorism Risk Insurance Program Reauthorization Act of 2007, global businesses with U.S. exposures have seen: Increased terrorism...
08/05/10 Highest Long Term Care Liability Costs in Arkansas, Tennessee and West Virginia: Aon Study Costs Across the Rest of the Nation Remain Stable
While long term care liability costs are stable across much of the nation, Arkansas, Tennessee and West Virginia are experiencing exceptionally high expenses - known as loss costs - related to insurance claims, according to Aon Risk Solutions' 2010 Long Term Care General Liability and Professional Liability Actuarial Analysis. Aon Risk Solutions is the risk management business of Aon Corporation (NYSE: AON). (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) The study, conducted in partnership with the American Health Care Association, measures the frequency and severity of claims, tracks the loss cost as a percent of the Medicaid per diem reimbursement rate and calculates the overall loss cost per occupied long term care bed. Nationwide, according to the ARS study, the average annual loss cost per bed has decreased from $1,710 in 2001 to $1,270 in 2009. The frequency rate has slightly decreased from 1.05...
08/04/10 HRO Today Magazine Names Aon's Recruitment Process Outsourcing Practice to List of Top RPO Providers
Second consecutive year Aon RPO named to industry-recognized list Aon Consulting, the global benefits and human capital consulting business of Aon Corporation (NYSE: AON), announced today that its Recruitment Process Outsourcing (RPO) Practice was named to HRO Today magazine's list of the top 13 RPO providers.  (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) The RPO Baker's Dozen is an annual industry-recognized ranking based on customer satisfaction scores and weighted on quality of service, breadth of service and size of RPO client deals. "We are honored to be recognized once again as a top RPO provider," said Bob Lopes, executive vice president and co-leader of the Human Capital Practice for Aon Consulting. "I thank our clients for responding to the survey on our behalf and for their continued partnership, and I congratulate our team for their dedication to providing best-in-class full-service RPO...
08/02/10 Aon Consulting Hires Patricia Smallsreed as Chicago Market Leader
Aon Consulting, the global benefits and human capital consulting business of Aon Corporation (NYSE: AON), today announced Patricia Smallsreed has joined the firm as senior vice president and Chicago market leader. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) As the market leader for Chicago, Smallsreed will be responsible for developing and executing a go-to-market strategy to serve clients across all Aon Consulting practices including Health & Benefits, Retirement, Human Capital, Employee Benefits Outsourcing and Corporate Transactions. In addition, she will serve as a key account manager, leading the development, retention and profitable growth of strategic accounts in the large client marketplace. Smallsreed brings more than 30 years of industry experience to Aon. She has extensive expertise in HR strategy, total rewards, benefits and retirement strategy, and workforce planning. Most recently,...
07/30/10 Aon Reports Second Quarter 2010 Results
Second Quarter Highlights - Total revenue increased 1% to $1.9 billion with a decline in organic revenue of 1% - EPS from continuing operations was $0.63 and adjusted EPS from continuing operations, excluding certain items, increased 7% to $0.81 - Brokerage revenue increased 1% to $1.6 billion with a decline in organic revenue of 1% - Brokerage operating margin was 19.2% and the adjusted operating margin, excluding certain items, increased 200 basis points to 21.0% - Consulting revenue increased 6% to $317 million with an increase in organic revenue of 2% - Consulting operating margin was 14.2% and the adjusted operating margin, excluding certain items, decreased 20 basis points to 14.8% - Repurchased 1.2 million shares of common stock for $50 million - Subsequent to close of the quarter, announced the merger of Hewitt Associates, Inc. with Aon Consulting, creating a global leader in human capital solutions Aon Corporation (NYSE: AON) today reported results for the second quarter...
07/27/10 Aon eSolutions and Mitchell SmartAdvisor Solutions Form Exclusive Partnership to Deliver End-to-End Workers' Compensation Claims and Medical Bill Review Solution
Single, seamless claims experience to optimize efficiency, deliver optimal workers' compensation savings Aon eSolutions, the technology solutions business of Aon Corporation (NYSE: AON), and Mitchell SmartAdvisor Solutions(TM), a division of Mitchell International, a leading provider of information, workflow and performance management solutions to the Property and Casualty claims and collision repair industries, today announced that they have established an exclusive partnership to deliver an end-to-end claims and medical bill review solution for the workers' compensation industry. (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) Effectively managing claims and controlling skyrocketing medical costs are key challenges in the workers' compensation industry, problems compounded by having separate claims and bill review systems. This complex technology environment can create workflow inefficiencies, process...
07/21/10 Aon Comments on Alternative Forms of Remuneration
Aon Corporation (NYSE: AON), a leading global provider of risk management and human capital consulting, today announced it is working with markets to explore the various forms of alternative remuneration available to Aon.  (Logo: http://photos.prnewswire.com/prnh/20100719/AQ37264LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20100719/AQ37264LOGO) "As we stated during testimony delivered in July 2008 to the New York State Insurance Department and Office of the Attorney General, Aon is committed to industry-leading transparency and delivering the highest value for price in the industry on behalf of our clients," said Steve McGill, chairman and chief executive officer of Aon Risk Solutions. "We have conducted a great deal of research around broker compensation across the globe with a focus on serving the needs of our clients and competing on a level playing field in the marketplace. "As a result, we have decided to accept various forms of compensation available, which may include...
07/19/10 Aon Announces Second Quarter 2010 Earnings Release and Conference Call
Aon Corporation (NYSE: AON) plans to announce second quarter 2010 results on Friday, July 30, 2010 in a news release to be issued before the market opens. Greg Case, president and CEO will host a conference call at 7:30 am Central Time on Friday, July 30, 2010. The conference call will be broadcast live through Aon's website at www.aon.com. Windows Media Player is required to listen to this webcast. A replay will be available shortly after the live webcast. The earnings release will be available on Aon's web site at www.aon.com. About Aon Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 colleagues worldwide, Aon 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...
07/19/10 Aon Declares Quarterly Dividend
Aon Corporation (NYSE: AON) today announced that the Board of Directors has declared a quarterly cash dividend of $0.15 per share on its outstanding common stock. The dividend is payable on August 16, 2010 to stockholders of record on August 2, 2010. About Aon Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 colleagues worldwide, Aon 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, 2009 and 2010 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...
07/14/10 Aon Logo Featured on New Manchester United Team Shirt
Firm Commemorates Shirt Reveal with 'Aon United Global Day' The new Manchester United home kit for the 2010-11 season was revealed today, with the logo of Aon Corporation (NYSE: AON), the leading global provider of risk services and human capital consulting, featured on the front of the famous shirt. Aon's four-year shirt sponsorship of the Manchester United Football Club was launched on June 1, 2010.  (Logo: http://photos.prnewswire.com/prnh/20041215/CGW049LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) "The Manchester United shirt is an iconic image in the world of sport, and we are honored to appear on it," said Greg Case, president and chief executive officer of Aon. "Starting today millions of people worldwide will begin to know yet another leading team: Aon." Case said that in honor of this historic occasion, every one of Aon's 36,000 global colleagues will receive a Manchester United team shirt. The Aon logo is featured on the front of the shirt....
07/12/10 Hewitt Associates, Inc. to Merge with Aon Corporation
Transaction Creates Global Leader in Human Capital Solutions Aon Corporation (NYSE: AON) and Hewitt Associates, Inc. (NYSE: HEW) announced today that the boards of directors of both companies have approved a definitive agreement under which Hewitt will merge with a subsidiary of Aon. The aggregate consideration is valued at $50 per Hewitt share, which represents a 41% premium to Hewitt's closing stock price on July 9, 2010, the last trading day prior to the announcement of the agreement. The aggregate fully diluted equity value of the transaction is approximately $4.9 billion, consisting of 50% cash and 50% Aon stock (based on the closing price of Aon common stock on July 9, 2010). Following the close of the transaction, Aon intends to integrate Hewitt with its existing consulting and outsourcing operations (Aon Consulting) and operate the segment globally under the newly created Aon Hewitt brand. In addition, Russ Fradin, chairman and chief executive officer of Hewitt, will serve as...
07/06/10 Aon/Albert G. Ruben Celebrates 50 Years of Innovation in the Entertainment Industry
Aon/Albert G. Ruben, the world's leading insurance broker for the entertainment industry, today celebrates its 50th anniversary. A half-century ago, Albert G. Ruben had a bold vision to create a new format of entertainment insurance. From this humble beginning, today's retail entertainment division of Aon Corporation (NYSE: AON) - four times the size of any other provider or broker of insurance in the world of entertainment - was born. (Logo: http://photos.prnewswire.com/prnh/20041215/CGW049LOGO) (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) "For 50 years, Aon/Albert G. Ruben has broken new ground in the entertainment industry, and we continue to serve as the global architect and originator of innovative risk solutions to help our clients succeed," said Douglas Turk, executive vice president of Aon/Albert G. Ruben. "Our clients benefit from our consistent ability to manage their risk without sacrificing their creative vision." Recent examples of the expertise and...
06/08/10 Aon Named Best Global Broker by Euromoney Magazine for Third Straight Year
Aon Corporation (NYSE: AON), the world's leading risk advisor and human capital consultant, has been named the world's best global insurance broker for the third straight year by the respondents of Euromoney magazine's annual insurance survey. (Logo: http://photos.prnewswire.com/prnh/20041215/CGW049LOGO) Aon also was named: Best Broker in North America Best Broker in Asia Best Broker in the Middle East Best Broker in Central & Eastern Europe Best Broker in Latin America "Aon is honored to once again be recognized as the world's best global insurance broker by the readers of Euromoney Magazine," said Greg Case, Aon president and chief executive officer. "In today's economic climate, understanding risk is now more important than ever for businesses and Aon's ability to offer our clients distinctive value, unmatched talent and operational excellence has allowed us to establish our position globally as a leading client service firm." Euromoney is the leading journal of the...
06/08/10 Aon Helps Lenders Maximize the Value of Foreclosed Property Through Risk Management
Banks maximize the value of their assets while securing protection from long-term risks Property repossessed by a financial institution after foreclosure may stay vacant or unfinished for months or years, making it susceptible to various types of damage. According to RealtyTrac(R), the leading online marketplace of foreclosure properties, more than 932,000 properties received a foreclosure filing in the first quarter, a 16 percent increase from the same time last year. (Logo: http://photos.prnewswire.com/prnh/20041215/CGW049LOGO) Aon Risk Services, the risk management and insurance brokerage business of Aon Corporation, today announced that financial institutions can now maximize the value of their real estate-owned assets through Aon's Comprehensive Asset Maximization program. This innovative approach allows lenders the flexibility to procure insurance for each stage of the asset maximization process - before foreclosure, during the holding period following foreclosure and at the...
06/03/10 Aon Consulting Leads the Way on 2010 List of Employee Benefits Power Brokers
Risk & Insurance and Human Resource Executive Magazines Name Six Leaders from Aon Consulting Risk & Insurance and Human Resource Executive magazines today recognized six consultants from Aon Consulting, the global benefits and human capital consulting business of Aon Corporation (NYSE: AON), as Employee Benefits Power Brokers(TM) in the publications' annual list of most influential employee benefits experts. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) Twenty consultants earned this honor in four industry categories, including disability, health care, retirement and voluntary benefits. Aon Consulting was the only firm to earn multiple Employee Benefits Power Broker awards in a given category. "This outstanding recognition demonstrates Aon Consulting's commitment to unmatched talent and delivering distinctive client service and value," said Kathryn Hayley, CEO of Aon Consulting. "We congratulate our consultants and thank them for their continued dedication to...
06/02/10 New Fronts in War on Terror Identified, Domestic Terrorism on the Rise: Aon Terrorism Threat Map
International counterterrorism efforts appear to be stifling the ability of terrorist groups to mount significant attacks on the scale of those of September 11, 2001, according to the 2010 Aon Terrorism Threat Map, issued today by Aon Crisis Management, a business practice of Aon Corporation (NYSE: AON). (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) According to the analysis, al-Qaida in particular is being forced to focus on building its networks in traditional conflict zones. Concerns remain, however, about such networks and followers in Europe and North America as well as the re-emergence of more traditional left, right and nationalist terrorist groups. And, despite an apparent slight downward trend in attack frequency in recent months, established insurgencies continue to provide the focal points for terrorism: Iraq, Pakistan, Afghanistan, India, Somalia and Yemen are the modern battlefronts. The map, produced by Aon in collaboration with security consultancy...
06/01/10 Aon Kicks off Four-Year Manchester United Shirt Sponsorship With Global Charity Initiatives
Partners Share Commitment to Positive Youth Development and Healthier Communities Aon Corporation (NYSE: AON), the world's leading risk advisor and human capital consultant, today kicked off its four-year shirt sponsorship of Manchester United with a programme of global charity initiatives designed to promote youth development and healthier communities. The sponsorship was announced on June 3, 2009. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) The sponsorship and charity campaign were launched at Manchester United's Old Trafford stadium this morning by executives of Aon and Manchester United, along with Manchester United team legends Sir Bobby Charlton and Bryan Robson. "Based on our shared values of leadership, teamwork, and a passion for excellence, it is difficult to imagine a stronger fit for Aon than Manchester United," said Greg Case, President and Chief Executive Officer of Aon Corporation. "Through the global charitable initiatives of Aon's 36,000...
05/26/10 Favorable Outlook for Insureds as Rates Decrease and Capacity Increases, Says Aon
Insurance pricing trends identified in 2010 U.S. Insurance Market Overview Aon Risk Services, the risk management and insurance brokerage business of Aon Corporation, today released its 2010 U.S. Insurance Market Overview. The report, generated by Aon Analytics, provides the latest information on insurance pricing, limit, deductible and retention trends. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) 2010 Aon U.S. Insurance Market Overview Highlights: Property: Rates will continue to drop 5 percent to 15 percent for most risks, despite record global catastrophic losses seen in early 2010. Property capacity levels are very strong for the industry and will create a competitive market. Most insureds will keep the same limits, deductibles/retentions and coverage. Casualty: Insureds with favorable loss history and limited exposure changes will continue to experience flat to single-digit rate decreases, while insureds with less than favorable loss histories and/or...
05/13/10 Aon to Hold Annual Shareholder Meeting on May 21
Aon Corporation (NYSE: AON) will hold the firm's Annual Shareholder meeting on Friday, May 21, 2010 at 8:30 a.m. Central Time at the corporate headquarters in Chicago, Illinois. Aon's non-Executive Chairman Lester Knight will host the meeting. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) A listen-only webcast of the presentation and question-and-answer session with shareholders attending the meeting will be available via www.aon.com and will be archived for two weeks. About Aon Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 colleagues worldwide, Aon 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...
05/05/10 Aon Launches Industry's First Insurance Policy for Space Investors
Aon's International Space Brokers, the largest specialist risk adviser in the sector, today announced the launch of Investment Protection Insurance, a game-changing policy for space investors. IPI is the first policy strictly for investors, and is designed to cover the loss of an investment in a space satellite, launch failure and satellite assets. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) Previously, investors could not protect their financial interest due to lack of insurance capacity and first-party rights to the spacecraft. For start-up companies, which rely on the revenue generated by the early launches, the ability for the satellite to be successful is crucial. IPI is the solution, enhancing the satellite operator's initial credit rating by relieving investors of the biggest risk - failure to launch. "Aon used its leverage with the insurance markets to introduce new capital, supporting both investors and operators by protecting their investments," saidClive...
05/04/10 Aon Consulting Strengthens Global Leadership Team
New CEOs Named for EMEA and United Kingdom To drive opportunities for future growth, Aon Consulting, the human capital consulting business of Aon Corporation, today announced two new appointments to its global leadership team. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) Piyush Chaudhari was named to the position of Chief Executive Officer of Aon Consulting EMEA, effective immediately. Chaudhari joined Aon Consulting in 2006, and held the positions of Chief Executive Officer of Global Benefits, and Chief Operating Officer of Aon Consulting, responsible for strategy, human resources and marketing. He will be based in continental Europe and continue to lead Aon Consulting's Global Benefits business. Chaudhari replaces Robert Middleton who will be leaving Aon Consulting in September to pursue personal interests. Alistair Connell will become Chief Executive Officer of Aon Consulting UK, effective July 1. He is currently Managing Director of Benefits Solutions and...
04/21/10 Aon Declares Quarterly Dividend
Aon Corporation (NYSE: AON) today announced that the Board of Directors has declared a quarterly cash dividend of $0.15 per share on outstanding common stock. The dividend is payable on May 17, 2010 to shareholders of record on May 3, 2010. About Aon Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 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...
04/14/10 Global Co-CEOs to Lead Long-Term Growth Chapter of Aon Benfield
Appel Named Chief Operating Officer of Aon Corporation in Newly Created Role Taking advantage of the deepest leadership team in the industry, Aon Corporation, the leading global provider of risk management and human capital consulting solutions, today announced that Michael Bungert, chief executive officer, Americas for Aon Benfield, and Dominic Christian, chief executive officer, International for Aon Benfield, will serve as co-chief executive officers of Aon Benfield. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) "The merger between Aon Re Global and Benfield Group into Aon Benfield has exceeded all initial expectations and the integration is complete," said Greg Case, president and chief executive officer of Aon. "Thanks to the tremendous work of our Aon Benfield colleagues, in the first full year of operations, we delivered growth in new treaty business globally, accelerated cost savings under the restructuring program, retained more than 95 percent of the...
04/13/10 Nine Hallmarks of Top-Performing Enterprise Risk Management Programs Defined by Aon Survey
Opportunity for 93 percent of organizations worldwide to increase value driven by ERM Aon's 2010 Global Enterprise Risk Management Survey, designed to illustrate the extent to which ERM has been successfully implemented by organizations around the world, revealed nine features of an advanced ERM program. These qualities are key to a program's effectiveness in creating value for its organization, regardless of company size, industry, sector or region. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) Survey results, garnered from the responses of more than 200 principal risk professionals from leading organizations around the world, uncovered how organizations view themselves against Aon's five-stage ERM maturity model. This model defines a firm's ERM program implementation level on a scale ranging from 'initial/lacking' and 'basic' at the low end to 'defined' for average maturity and 'operational' and 'advanced' for those at more sophisticated stages. Only seven percent...
04/09/10 Aon Announces First Quarter 2010 Earnings Release and Conference Call
Aon Corporation (NYSE: AON) plans to announce first quarter 2010 results on Friday, April 30, 2010 in a news release to be issued before the market opens. Greg Case, president and CEO will host a conference call at 7:30 am Central Time on Friday, April 30, 2010. The conference call will be broadcast live through Aon's website at www.aon.com. Windows Media Player is required to listen to this webcast. A replay will be available shortly after the live webcast. The earnings release will be available on Aon's web site at www.aon.com. About Aon Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 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...
04/09/10 According to Aon Benfield's Report, USDA Proposal Could Result in a 20 to 30 Percent Reduction in Expected Profit for Crop Insurers
Aon Benfield, the world's premier reinsurance intermediary and capital advisor, today releases its analysis of the U.S. crop reinsurance market, which reveals that proposed changes to the Standard Reinsurance Agreement by the USDA could induce challenging market conditions for reinsurers participating in the Federal insurance program. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) The report reveals that the proposed cuts would likely reduce reinsurers' expected profit by 20 to 30 percent, which could lead to some companies withdrawing from the program or scaling back their capacity. The Multi-Peril Crop Insurance (MPCI) program is a Federal initiative that provides American farmers with a range of insurance policies designed and delivered through 16 private crop insurance companies. Participating insurers are subject to the Standard Reinsurance Agreement (SRA) - a contract that defines reinsurance purchases, gain sharing and expense reimbursement. With the SRA set to...
04/08/10 Aon Consulting Offers Clients New Pre-Employment Assessment Platform
G.A.T.E. allows users to take tests from any smart device or computer; takes guesswork out of building qualified candidate pool Aon Consulting, the global human capital consulting organization of Aon Corporation (NYSE: AON), announced today the Human Capital Practice is offering its proprietary pre-employment assessments on a new platform: the Global Assessment and Talent Engine(TM) (G.A.T.E.). (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) Adapting to the quick pace of today's job candidates and the ever-changing business environment, G.A.T.E. provides an on-the-go, global platform for job applicants and hiring managers. This new system allows users to take assessment tests from any smart device or computer, from anywhere in the world. It also reaches more bilingual candidates than ever before, allowing users to toggle between test items written in different languages. Additionally, G.A.T.E. enables hiring managers to quickly and accurately select the best...
04/03/10 Aon Reports First Quarter 2010 Results
-First Quarter Highlights - Total revenue increased 3% to $1.9 billion with a decline in organic revenue of 3% - EPS from continuing operations was $0.63 and adjusted EPS from continuing operations, excluding certain items, increased 11% to $0.83 - Brokerage revenue increased 3% to $1.6 billion with a decline in organic revenue of 3% - Brokerage operating margin was 16.2% and the adjusted operating margin, excluding certain items, was similar to the prior year quarter at 20.5% - Consulting revenue increased 4% to $322 million with a decline in organic revenue of 1% - Consulting operating margin was 15.2% and the adjusted operating margin, excluding certain items, increased 60 basis points to 17.4% - Repurchased 1.2 million shares of common stock for $50 million - Completed acquisition of J.P. Morgan Compensation and Benefits Strategies Division of J.P. Morgan Retirement Plan Services, LLC Aon Corporation (NYSE: AON) today reported results for the first quarter ended March 31, 2010....
03/19/10 Aon Consulting Enters into a Definitive Agreement to Acquire J.P. Morgan Compensation and Benefit Strategies Division of J.P. Morgan Retirement Plan Services, LLC
Will enhance retirement and health care actuarial services for clientsCHICAGO, March 19, 2010 /PRNewswire via COMTEX/ - Aon Consulting, the global benefits and human capital consulting business of Aon Corporation, today announced it has signed a definitive agreement to acquire J.P. Morgan Compensation and Benefit Strategies, a division of J.P. Morgan Retirement Plan Services, LLC. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) J.P. Morgan Compensation and Benefit Strategies is a leading provider of compensation, retirement and health care actuarial services, with significant expertise in compliance, financial modeling and other key actuarial-based solutions related to employee benefits plan designs. "Aon continues to invest in the industry's best talent and innovative solutions to serve clients with distinction," said Kathryn Hayley, CEO of Aon Consulting. "The combination of exceptional talent joining our firm and a strong client base makes this acquisition an ideal...
03/09/10 Global Contractual Liability Product Established to Address Force Majeure and Additional Existing Gaps
Sole industry solution now available through AonCHICAGO, March 9, 2010 /PRNewswire via COMTEX/ - In response to a marked increase in global demand to address contractual liabilities not otherwise covered by existing insurance options, Aon Construction Services Group has secured an offering for up to $100 million in limits to address contractual liabilities such as force majeure events, liquidated damages and performance coverage. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) Contractual liability policies are designed to indemnify another person or entity for actions excluded in typical insurance policies. The strongest demand for this type of coverage has been to mitigate the risk of damages resulting from performance shortfalls or delayed completion of a construction project. "Although contractual liability exposure has remained high, capacity for these coverages had virtually disappeared with the economy's downturn," said Peter Arkley, chairman and chief executive...
03/08/10 Aon Global Survey on Pension Risk Management Focuses on Emerging Trends and Solutions
Results from first global report of its kind reinforce principles critical to long-term risk mitigation and improving funding status of pension plansCHICAGO, LONDON and TORONTO, March 8, 2010 /PRNewswire via COMTEX/ - Aon Consulting, the global human capital organization of Aon Corporation (NYSE: AON) today issued its survey of top global financial services organizations that provide pension risk management products and solutions to plan sponsors in the UK, U.S., and Canada. Results show that 58 percent claim interest rates as the biggest issue facing Defined Benefit (DB) pension plan sponsors between now and 2013, followed by longevity risk (21 percent), equity markets (15 percent) and inflation (6 percent). (Photo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO ) The survey reveals that UK DB plan sponsors appear to be further along in implementing innovative solutions to key issuesthan their counterparts in the U.S. and Canada. Moreover, outside of interest rates,...
02/24/10 Aon Consulting Hires Northeast Key Account Management Leader
Linda Culliton brings more than 20 years of industry experience to her new roleNEW YORK, Feb 24, 2010 /PRNewswire via COMTEX/ - Aon Consulting, the global human capital consulting organization of Aon Corporation (NYSE: AON), today announced Linda Culliton has joined the firm as Northeast key account management leader. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) Culliton brings to Aon more than 20 years of experience in planning and executing human resource programs for multinational corporations. As a lead key account manager, Culliton will be responsible for the development, retention and profitable growth of accounts across the Northeast region of the United States. In her previous position at Hewitt, Culliton served as a global account executive where she built and managed global relationships with clients. Prior to joining Hewitt, she worked for Mercer for nine years and General Electric for 10 years. While at Mercer she served as the national practice leader...
02/24/10 Regulation and Economic Volatility Driving Demand for Risk Management in Energy Sector, Says Aon
CHICAGO, Feb 24, 2010 /PRNewswire via COMTEX/ - Commodity price risk, along with regulatory and legislative changes, are keeping risk managers in the energy sector awake at night, according to Aon's 2010 U.S. Energy Industry Report released today. Economic volatility in the energy sector drives capital investment and expense management strategies within each firm and risk management strategies have to support the new objectives and priorities. The report also indicates that this uncertainty and an increased focus from regulators are the most important external drivers to strengthen risk management within organizations. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) The report was created by Aon Analytics and Aon's energy specialty practice to help oil, gas and mining industry clients benchmark their risk programs and identify methodologies to improve the effectiveness of risk management strategies. Bruce Jefferis, CEO of Aon Energy, said, "Today's energy environment...
02/24/10 Aon Consulting Partners with COE on Presidential Wellness Initiative
CHICAGO, Feb 24, 2010 /PRNewswire via COMTEX/ - Aon Consulting, the global human capital consulting organization of Aon Corporation (NYSE: AON), today announced it has partnered with The Center for Organizational Excellence (COE) to support a multi-agency health and wellness pilot program. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) As part of this agreement, Aon Consulting will design an integrated wellness program and comprehensive communication plan for key governmental agencies, based on an audit of their health care programs, as well as absenteeism, disability, workers' compensation and preventative care rates. "A key objective of this initiative is to stimulate behavior change, and drive participation in wellness and disease management initiatives," said Connie Freeman, vice president of the COE's Consulting Solutions Practice. "We chose Aon Consulting as a partner because of their proven track record of success in developing and implementing wellness...
02/19/10 Aon Takes Home More Risk & Insurance Magazine Power Broker Awards Than Any Other Broker
CHICAGO, Feb 19, 2010 /PRNewswire via COMTEX/ - Risk & Insurance magazine, one of the risk management industry's leading publications, today announced the winners of the 2010 Power Broker(TM) Awards. Forty-three brokers from Aon were honored, more than any other commercial insurance broker in the industry, highlighting the company's breadth of expertise and ability to provide distinctive client value. Risk & Insurance recognized a total of 144 brokers across 24 industry sectors. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) New this year, Responsibility Leader(TM) designations were presented to 10 Power Brokers whose achievements not only benefited their companies' bottom lines but also positively impacted their communities. Two Aon professionals received this distinguished honor. In addition, 19 Aon brokers made the magazine's Under 40s list, which identifies young up-and-comers. "This outstanding recognition demonstrates how effective Aon brokers are at...
02/16/10 Aon Reaches Amended and Restated Agreement With Three States on Compensation Business Practices
Firm Reiterates Commitment to Consistent Industry Process and Transparency Started Five Years AgoCHICAGO, Feb 16, 2010 /PRNewswire via COMTEX/ - Aon Corporation, the leading global provider of risk management and human capital consulting, today announced that it has reached an amended and restated agreement on the issue of compensation business practices with the Attorney General of the State of New York, the Superintendent of Insurance of the State of New York, the Attorney General of the State of Connecticut, the Illinois Attorney General and the Director of the Illinois Department of Insurance. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) Under the agreement, Aon is required to provide, in New York and the other 49 states, compensation disclosure to purchasers of insurance contracts that complies at a minimum with New York State Insurance Department regulations and also with the laws of Illinois, Connecticut and the remaining states. "Aon very much appreciates...
02/15/10 Business Insurance Magazine Recognizes Aon With Innovation Awards for Aon Global Risk Insight Platform and FAConnect
CHICAGO, Feb 15, 2010 /PRNewswire via COMTEX/ - Aon Corporation (NYSE: AON), the leading global provider of risk services and human capital consulting, today announced its Aon Risk Services and Aon Benfield businesses have earned Innovation Awards from Business Insurance magazine. Recognized were two technology solutions: Aon Risk Services' Aon Global Risk Insight Platform(R) and Aon Benfield's FAConnect(SM). (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) "Aon's businesses are united in innovation, and we are honored that Business Insurance's panel of risk managers recognized the value these solutions bring to our clients," said Greg Case, president and CEO of Aon. "Aon GRIP is an impressive tool whose name aptly describes its capabilities: it's a system that provides in-depth insights into risk patterns and trends around the globe. Armed with such insights, risk managers can make informed decisions about how to structure their risk management programs," said Business...
02/11/10 Paragon Strategic Solutions Joins Inpoint to Form Inpoint Services
Aon unites businesses to improve delivery of innovative solutions to operational challenges facing property and casualty insurers, reinsurers, pools and government entitiesCHICAGO, Feb 11, 2010 /PRNewswire via COMTEX/ - Aon Corporation today announced the integration of Paragon Strategic Solutions into Inpoint, an Aon company recently formed to help insurance carriers improve their performance. Paragon, previously an Aon Benfield company, leverages proprietary techniques to help carriers achieve operational efficiencies, accelerate recovery rates and improve financial performance. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) "Inpoint distinguishes itself by combining an unparalleled depth of talent with proprietary, real-time industry data, while Paragon has become synonymous with specialized operational solutions," said Michael R. Moran, a managing partner of Inpoint. "The existing symmetry between Inpoint and Paragon makes the coming together of these two...
02/10/10 Managing Director for Regional Benefits Management Joins Aon Consulting
Henry Wong to lead Regional Benefits Management businessSINGAPORE, Feb 10, 2010 /PRNewswire via COMTEX/ - Aon Consulting, the global human capital consulting organization of Aon Corporation (NYSE: AON), today announced that industry veteran Henry Wong has joined the firm as managing director, Regional Benefits Management, Asia Pacific. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) In his new role, Wong will lead all operational aspects of regional benefits appointments, assume direct client responsibilities and partner with the rest of the leadership team to enhance client relationship management. He will also be a member of the Asia Pacific regional leadership team. "I am pleased to announce the addition of Henry Wong to our leadership team," said Edouard Merette, Chief Executive Officer of Aon Consulting in Asia Pacific. "Henry's wealth of experience and track record in the industry is certainly an advantage for us. Henry represents one of the many senior...
02/05/10 Aon Reports Fourth Quarter and Full Year 2009 Results
Fourth Quarter Highlights - Total revenue increased 9% to $2.1 billion with a decline in organic revenue of 2% - EPS from continuing operations was $0.49 and adjusted EPS from continuing operations, excluding certain items, increased 20% to $0.96 - Brokerage revenue increased 8% to $1.7 billion with a decline in organic revenue of 1% - Brokerage pretax margin was 11.5% and the adjusted pretax margin, excluding certain items, increased 160 basis points to 21.4% - Consulting revenue increased 2% to $350 million with a decline in organic revenue of 4% - Consulting pretax margin was 17.4% and the adjusted pretax margin, excluding certain items, increased 240 basis points to 21.4% - Repurchased 8.6 million shares of common stock for $340 million - Increased estimated annualized savings for the 2007 restructuring program by $69 million to $536 million, and costs necessary to achieve savings by $50 million to $750 million - Completed acquisitions of Allied North America and FCC Global...
02/04/10 Aon Consulting Hires Director of Northeast Region
Tammy Mattson brings more than 25 years of industry experience to AonRADNOR, Pa, Feb 04, 2010 /PRNewswire via COMTEX/ - Aon Consulting, the global human capital consulting organization of Aon Corporation (NYSE: AON), today announced Tammy Mattson has joined the firm as executive vice president and director of the Northeast Region(1). (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) In her new role, Mattson will foster collaboration across all practices and geographies to deliver measurable value to new and existing clients. Additionally, she will be responsible for facilitating growth, innovation and distinctive client service in each of Aon Consulting's markets. Prior to joining Aon Consulting, Mattson served as managing principal and Philadelphia market leader for Towers Perrin, where she worked with employers to develop global human resources and total reward and benefit strategies. Mattson designed and implemented solutions to address clients' business challenges in...
01/28/10 Magic Johnson Enterprises and Aon Team Up To Promote Economic Opportunity for Minority Business Enterprises
CHICAGO and LOS ANGELES, Jan 28, 2010 /PRNewswire via COMTEX/ - Building upon its supplier diversity strategy to bring distinctive value to clients by connecting carrier and broker relationships with minority-owned businesses, Aon Corporation, the leading global provider of risk services and human capital consulting, today announced it is joining forces with Magic Johnson Enterprises to promote business opportunities for minority business enterprises. Financial terms of the year-long affiliation were not disclosed. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) "When Aon aligns its objectives with a successful minority-owned business like Magic Johnson Enterprises, it is a win-win-win opportunity for Aon, our clients and our MBE associates," said Leonard McLaughlin, president of Aon Cornerstone Innovative Solutions, the Aon business that focuses on fostering strategic alliances with minority business enterprises. "As we help clients achieve their supplier diversity...
01/27/10 Elevated Political Risk Levels to Continue Into 2010, Says Aon
Food and Water Insecurity Indices LaunchedCHICAGO and LONDON, Jan 27, 2010 /PRNewswire via COMTEX/ - Political and financial instability remain a feature of the business landscape as a result of the recession, according to Aon Risk Services, the global risk management and insurance brokerage business of Aon Corporation. The company launched its 17th annual Political Risk Map in a global webcast today. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) Miles Johnstone, director of Aon's Political Risk team, explained: "Rising risk levels in 2009 have led to a significant volume of credit and political risk claims in international insurance markets, which is driving many of the 18 downgrades in this year's map. For instance, non-payment of sovereign and sub-sovereign debt obligations is a major issue for underwriters insuring risks in Ghana, and underwriters continue to experience a multitude of claims stemming from payment defaults by private sector banks in Ukraine." Food...
01/21/10 Help Wanted: Federal Agencies Look to Hire Nearly a Quarter of a Million Workers From Now Through Fall of 2012
Aon Consulting Offers Keys to Securing a Federal PositionCHICAGO, Jan 21, 2010 /PRNewswire via COMTEX/ - The federal government is hiring tens of thousands of new employees, according to a report titled "Where the Jobs Are 2009: Mission-Critical Opportunities for America," released by the nonprofit Partnership for Public Service and cosponsored by Aon Consulting, the global human capital consulting organization of Aon Corporation (NYSE: AON). (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) The report represents job data from 35 federal agencies (employing more than 1,000 people), and found that from October 2009 through September 2012, these employers plan to hire approximately 273,000 workers in mission-critical roles (positions considered crucial by agencies to fulfill their essential obligations to the American people)*. This represents a 41 percent increase, compared to the three previous fiscal years. "For job seekers motivated by a desire to make a difference and...
01/19/10 Aon Announces Fourth Quarter 2009 Earnings Release and Conference Call
CHICAGO, Jan 19, 2010 /PRNewswire via COMTEX/ - Aon Corporation (NYSE: AON) plans to announce fourth quarter 2009 results on Friday, February 5, 2010 in a news release to be issued before the market opens. Greg Case, president and CEO will host a conference call at 7:30 am Central Time on Friday, February 5, 2010. The conference call will be broadcast live through Aon's website at www.aon.com. Windows Media Player is required to listen to this webcast. A replay will be available shortly after the live webcast. The earnings release will be available on Aon's web site at www.aon.com. About Aon Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 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...
01/13/10 Companies Report Sustainable Growth, Continuity and Profitability Enhanced by Enterprise Risk Management: Aon Survey
ERM maturation key to optimizing and reducing total cost of risk, strengthening business resiliency and increasing operational efficiencyCHICAGO and LONDON, Jan 13, 2010 /PRNewswire via COMTEX/ - More companies are employing mature enterprise risk management practices to enhance organizational value and resiliency, according to the findings of Aon's 2010 Global Enterprise Risk Management Survey, released today. (Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) Sixty-two percent of survey respondents identify themselves as having progressed beyond basic ERM practices compared with 38 percent of those surveyed in 2007, a clear indication that companies are integrating risk management processes beyond senior management and developing more transparent relationships with key stakeholders like shareholders, customers, vendors and employees. The number of respondents with advanced ERM programs has more then doubled during the same period from 3 percent to 7 percent. These...
01/12/10 Aon Declares Quarterly Dividend
CHICAGO, Jan 12, 2010 /PRNewswire via COMTEX/ - Aon Corporation (NYSE: AON) today announced that the Board of Directors has declared a quarterly cash dividend of $0.15 per share on outstanding common stock. The dividend is payable on February 15, 2010 to shareholders of record on February 1, 2010. About Aon Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 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,...

Stock Quote: NYSE

Price 153.70

Change -0.71

Volume 759,143

% Change -0.46%

Intraday High 155.26

52 Week High 166.55

Intraday Low 152.68

52 Week Low 134.79

Today's Open 154.07

Previous Close 154.41

Jan 22, 2019 04:03 PM Pricing delayed 20 minutes

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