
BRISTOL, 26 January 2007 – Aon, the UK’s leading insurance broker, risk management and pensions consultant, is merging its two Bristol offices today to bring together 160 employees in its existing location in Marsh Street. The move is part of plans to strengthen the Bristol team and will deliver a more focused service for clients in the south west and Wales.
Aon’s insurance and risk management teams, which specialise in corporate, professional and high net worth clients, will be moving from their Fairfax Street office to join their pensions and benefits colleagues in Aon Consulting. The existing and additional office space in Marsh Street has undergone a major refurbishment in time for the unification of the team.
Richard Cox (pictured right), client relationship director of Aon Consulting, has found Marsh Street an ideal location since Aon located there in 1988. Mr Cox said: “Bristol has witnessed a renaissance over the last 10 years that has benefitted the community and businesses alike, through a £10 billion regeneration programme.
“We’re fully committed to providing the highest quality of services to clients in all sectors of this vibrant city. By taking advantage of the synergies between our company’s offerings we can increase our understanding of our clients’ needs and deliver an even better service. We will also focus on opportunities within the business to drive our growth.”
Stuart Hutchings (pictured left), client management director for Aon Limited, said: “We’re really looking forward to the move and enhancing the face to face communications with our colleagues across our business. Most importantly, we will continue to offer clients a personal service and work closely with local insurers, while also having direct access to Lloyd's and the London market.”
Mr Hutchings continued: “As Bristol is the gateway to the south west and easily accessible to Wales, keeping this central location, with its excellent transport links, means we can service clients effectively. At the same time, we can invest in talent by providing an accessible office for our employees, just one block away from the Waterfront and close to city centre amenities, in a city that is a desirable place to both live and work.”
Notes to editor:
About AonAon Corporation is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 46,000 employees working in Aon's 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.
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 execute the stock repurchase program, our ability to consummate the pending sale of the Aon Warranty Group, 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, and ERISA class actions, 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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