CHICAGO, June 29, 2010 – Aon Global Risk Consulting, a leading provider of risk advisory services and part of Aon Corporation (NYSE: AON), announced today that Praxis Consulting has acquired the assets of Aon Recovery, the firm’s subrogation specialty business unit. Financial terms of the transaction were not disclosed. 

 

Aon Recovery’s clients will continue to receive high-quality service and benefit from Praxis’ large-scale subrogation operation. Praxis has a strong track record of success in this arena, and partnered with Aon to ensure a smooth transition of service responsibility. 

 

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Media Relations                   Investor Relations

 

Kelly Drinkwine                       Scott Malchow       

 

312.381.2684                          312-381-3983

 

kelly.drinkwine@aon.com       scott.malchow@aon.com

 

 

 

About Praxis

 

Praxis Consulting (http://www.PraxisConsulting.com) is a service provider specializing in subrogation benchmarking, outsourcing and closed-file reviews and enhancing the recognition and recovery results of U.S. auto insurers, self-insureds and municipalities in all 50 states. Praxis was founded in 1997 and has compiled a vast library of best practices in the area of subrogation recognition and recovery. As a niche provider, Praxis possesses a significant competitive advantage due to its size, strength and capacity.

 

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 brokerage revenues in 2008 and 2009. A.M. Best deemed Aon the number one insurance broker based on brokerage revenues in 2007, 2008 and 2009 and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007, 2008 and 2009 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com.

 

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