Aon announces that Cananwill Premium Funding President Mildred J. Young has been named vice president of the National Premium Finance Association.

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Founded in 1997, the National Premium Finance Association is a nonprofit organization represented by approximately 20 member companies operating in the premium finance industry. The association was formed primarily to address common premium finance industry regulatory and legislative issues. Its mission is to act as the industry's "eyes and ears" with regard to the legal, regulatory and political environment surrounding the premium finance industry. Members are primarily or exclusively engaged in the business of premium financing and are required to be validly licensed in each state in which they do business, if required by law. Current members of the NPFA represent approximately 90% of all domestic premium finance activity.

"I am honored to have been elected to this position," Young said. "The current regulatory environment makes the contribution of associations, such as the NPFA, exceptionally critical. I am looking forward to fulfilling my role in helping our industry and the NPFA take greater advantage of future industry opportunities."

Young began her career with Ben Franklin Savings of Oak Brook, Illinois in 1975. As the Controller, her main areas of responsibility included accounting, treasury management and financial reporting. In 1981 she moved to Associates Commercial Corporation where she served as a division controller and commercial lender. During this time, the corporation was sold and Young continued on as a commercial lender for Glenfed Capital. A certified public accountant, Young joined Aon in 1988 and was part of the original management team bringing Aon into the insurance premium finance business.

  Young works in Cananwill's home office in Glenview, Illinois.

  About Aon

Aon Corporation (NYSE: AOC) ( http://www.aon.com/ ) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 47,000 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.

About Cananwill

Cananwill Corporation, which does business as Cananwill Premium Funding, is a wholly-owned subsidiary of Aon Corporation. Formed in 1937, Cananwill ranks worldwide in the top three premium finance companies with foreign and domestic operations. Cananwill delivers competitive rates, exceptional terms, and the tools to manage receivables more efficiently while maintaining their mission of delivering client satisfaction through solid service.

   Contact:
   Al Orendorff
   Aon U.S. Public Relations
   312-381-3153

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, 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 regulatory investigations brought by state attorneys general and state insurance regulators related to our compensation arrangements with underwriters and related issues, 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.

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SOURCE: Aon Corporation

CONTACT: Al Orendorff, Aon U.S. Public Relations, +1-312-381-3153

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