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Aon Re Global Fac Launches Private Clients Suites For Global Cedants
Independence key as suites launched in key insurance markets

LONDON, 12 DECEMBER 2007Aon Re Global Fac has launched a Reinsurance Private Clients Suite model. The Reinsurance Private Clients Suites will consist of some of the industry's most talented and respected facultative insurance professionals in 15 different locations (London, Hong Kong, Johannesburg, Sydney, Bermuda, Singapore, Paris and eight key US cities).

 

This approach to global cedants is unique in the market and is one component of the Aon Re Global's Integrated Capital Solutions and Services strategy:

·                Treaty Reinsurance

·                Facultative Reinsurance

·                Capital Markets

·                Analytics and Technical Services

 

Elliot Richardson, CEO of Aon Re Global Fac, comments: “By offering the Private Clients Suite we can focus on building strategic and consultative relationships with our clients, and be better positioned to create innovative and valuable facultative solutions for global cedants. This unique initiative creates a truly independent, local fac broker with unparalleled global reach.

 

“This independence is critical. We believe that our clients are best served with complete transparency, and our new operating model will further maintain for our clients the confidence that this remains true. Our global cedants will also be reassured that the Private Clients Suite will operate with absolute confidentiality and recognise them as the client on each transaction, while providing global consistency.”

 

Ends

For more information contact:

Reuben Aitchison

020 7086 7201

reuben.aitchison@aon.co.uk

 

 

About Aon

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.

 

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 www.aon.com.

 

 

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 execute strategic options for our Combined Insurance subsidiary, 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 state attorneys general, state insurance regulators, federal prosecutors, and federal regulators, 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.

 

Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only.

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