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Aon Capital Markets Takes Market Innovation Award in Reinsurance Magazine Survey
PRNewswire-FirstCall
CHICAGO
(NYSE:AOC)

CHICAGO, Dec. 18 /PRNewswire-FirstCall/ -- Readers of Reinsurance magazine named Aon Capital Markets' aggregate insurance-linked securitization as the market innovation of the year for 2007. The award recognizes the unique nature of Aon Capital Markets' recent $1.18 billion catastrophe securitization, the largest of its kind in history, with Merna Reinsurance Ltd.

(Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO )

The three-year aggregate deal used a collateralized debt obligation/catastrophe bond structure that was large enough to attract 22 new investors and which could obtain investment-grade ratings. The structure could be modified each year to reflect changes in the client's book of business and reinsurance program, including indemnity structures with annual resets.

"Aon Capital Markets offers clients alternative risk transfer products that complement traditional reinsurance capacity facilitated through Aon Re Global's broker network. This marketplace recognition is both gratifying and challenging to us to continue to offer our clients the industry's best in value and customized solutions," said Paul Schultz, president of Aon Capital Markets.

The innovative nature of this transaction will lead to more cost effective capital markets deals for clients as the investment grade ratings facilitate access to a larger capital base from a new set of investors.

Aon Capital Markets has been a reinsurance and capital markets pioneer since it introduced contingent capital to the market in 1994. During the last 12 months alone, Aon Capital Markets has raised more than $3 billion in capital for clients.

The results are published in the magazine's December/January issue. Launched in 1969, Reinsurance is a leading business intelligence journal targeting reinsurance professionals.

About Aon

Aon Capital Markets is Aon Re Global's boutique investment bank, providing clients with strategic advice and access to all forms of capital, and financial advisory services. Aon Capital Markets is one of the primary innovators of insurance-linked securities and recently completed the largest insurance-linked securitization in history. Since bringing the first ILS deal to the market in 1994, Aon Capital Markets has brought more than 50 deals to market.

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 http://www.aon.com/.

   Media Contact
   Rahsaan Johnson
   312.381.2684, Rahsaan_Johnson@aon.com
   http://aon.mediaroom.com/

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com

SOURCE: Aon Corporation

CONTACT: Rahsaan Johnson of Aon Corporation, +1-312-381-2684,
Rahsaan_Johnson@aon.com

Web site: http://www.aon.com/
http://aon.mediaroom.com/

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