LONDON, 13 November 2006 - Aon Consulting is bringing together its expertise in the Group Risk, Healthcare, Flexible Benefits and Insured Defined Contribution markets under a single business stream called Benefits Solutions. The new business area will commence operations in early 2007.
Robert Middleton, chief executive of Aon Consulting, said: “Over the course of the last three years, our business has delivered excellent performance. We have now entered a new chapter where the focus is about accelerated growth. Our Benefits Solutions business will operate in growing markets and we are excited by the opportunity to leverage Aon’s global position as the number one broker and make a significant impact for our clients.”
The Benefits Solutions business will be led by managing director Alistair Connell who was previously commercial director of Aon Consulting Limited. In addition, Jane Gibbs will be operations director and Paul Farrell the sales director at Benefits Solutions.
Alistair Connell said: “We have a unique opportunity in the market to combine our added value consulting skills with our broking expertise. The aim is to develop and deliver unrivalled solutions to our corporate clients that encompass all of the components of modern reward programmes.”
Notes to editor:
About Aon Consulting
Aon Consulting is a leading human capital consultancy, helping organisations of every size to attract and keep the employees they need. We advise on all aspects of employment, including health-related insurance and risk; employee compensation and pensions; human resource strategy planning; job design and change management; and staff assessment and legal issues. Aon Consulting is a division of Aon, one of the UK’s largest insurance brokers and providers of risk management services and a major force in reinsurance and the UK human capital consulting market. Aon Consulting Limited is authorised and regulated by the Financial Services Authority.
About Aon
Aon 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.