MANCHESTER, 1 March 2006 – Aon UK, a leading insurance broker, risk management and human capital consultant, is merging its two Manchester offices (25 February) to bring together 200 employees in its existing location at Arkwright House, Parsonage Gardens. The move is part of plans to strengthen the Manchester team and will deliver a more focused service for clients in the North West.
Aon Consulting’s team of 40, which provides pensions consultancy and administration, will be moving from Blackfriars House, Parsonage to join colleagues in Aon’s insurance and risk management teams, who specialise in corporate, professions, trade credit, marine, high net worth clients and affinity programmes.
Nicola Parnham, who was appointed Client Relationship Director for Aon Consulting in November 2005 after an 18 year career with Aon in Manchester, said: “By taking advantage of the synergies between the company’s offerings we can increase understanding of clients’ needs and deliver a better service.”
As part of this growth strategy, Ms Parnham is actively recruiting for roles ranging from actuarial and pensions administration to office support. Ms Parnham believes the new location is crucial to attracting new staff. “In addition to finding a central location from which we can service clients effectively across the North West, we are keen to invest in talent by providing an accessible office for our employees with good transport links and close to city centre amenities.”
A notable member of the Aon Consulting team, which includes five qualified actuaries, is Donald Duval, Aon’s chief actuary and past president of Society of Pensions Consultants.
Ben Cartwright, senior director for Aon’s broking and risk management division in the North West, has found Arkwright House an ideal location since Aon relocated there in the late 1980s. Mr Cartwright said: “Manchester has witnessed a renaissance over the last 15 years that has benefitted the community and businesses alike. We’ve never been more committed to providing the highest quality of insurance services to all sectors of this vibrant city.”
Mr Cartwright continued: “By uniting our teams we will be able to offer our clients a more integrated and specialist service whilst focusing on opportunities within the business to drive our growth.”
· Aon Consulting will be hosting a city centre breakfast seminar on 15th Marchentitled “Is your pension scheme a major business risk? Seize the initiative and regain control” – for more information contact Nicola Parnham on 0161 910 5467.
About Aon
Aon Corporation (www.aon.com ) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. The company employs approximately 53,000 professionals in its 600 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 relating to future results, 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 the general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, exchange rates, rating agency actions, pension funding, ultimate paid claims may be different from actuarial estimates and actuarial estimates may change over time, changes in commercial property and casualty markets and commercial premium rates, the competitive environment, the actual costs of resolution of contingent liabilities and other loss contingencies, the heightened level of potential errors and omissions liability arising from placements of complex policies and sophisticated reinsurance arrangements in an insurance market in which insurer reserves are under pressure, and the timing and resolution of related insurance and reinsurance issues relating to the events of September 11, 2001. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, are contained in the Company's filings with the Securities and Exchange Commission.
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