LONDON, 2 May 2006 – Leading London market insurance broker Aon Limited has welcomed the news that the Lloyd’s Market Association (LMA) has appointed the ISO to develop the next stage in establishing a new repository for wordings for use in the London market.
 
Commenting on the LMA’s announcement, Aon’s Chairman and CEO Dennis Mahoney said, “We are delighted to support this initiative by the LMA and, in particular, the appointment of the ISO to develop the new repository. The ISO is a world class organisation and our association with them goes back many years. 
 
“Aon prides itself on being at the forefront of driving reform in the London market and we are particularly pleased to be the first insurance broker to announce our support of this new initiative. It is an important step forward in the drive to improve efficiency in the London market. It will require the co-operation of the market in order to succeed but provides a marvellous opportunity for us to collaborate for the benefit of our clients,” he added.
 
Commenting on Aon’s involvement, Ian Summers, Director of Change Strategy at Aon, said “The ISO offering is complementary to the Aon Broking Connections (ABC) ConCert application and will give our brokers the opportunity to automatically build a wider set of pre-agreed wordings and clauses into the products we offer Aon's clients
 
“Using DRI (document repository interoperability) to maintain links to the London Market Wordings Repository, Aon's ABC will be able to present the fully claused slip or wording to clients and underwriters at the point of sale, negating the need for manual checking which currently delays contract approval in today’s processes.”
 
 
For more information contact:
Sally Coode-Bate
Aon Press Office
0207 505 7478
sally.coode-bate@aon.co.uk

About Aon
Aon Corporation ( 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.
 
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, 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.