LONDON, 4 July 2006 – Aon Consulting, a leading pensions, benefits and HR consultancy, today announced that Andrew Elliott has been appointed as a senior investment consultant in the firm’s London office. Mr Elliott takes up his new position with immediate effect.

In his new role, Mr Elliott will take on a range of managerial responsibilities for Aon Consulting’s Investment Consulting Practice (ICP) team.  His main focus will be to advise existing Aon clients on investment strategy and provide support to the sales team on prospective client work. Mr Elliott will also work closely with Aon’s Global Research Unit on asset manager research.

Commenting on his new role, Mr Elliott said: “I am pleased to have joined Aon with its strong focus on client service, allowing me to use my investment expertise to find effective solutions to best meet client needs.  I’m looking forward to putting these skills into practice at Aon.”

Mr Elliott will report into Ian McKinlay, head of Aon’s Investment Consulting Practice.

Mr McKinlay said: “I am delighted to welcome Andrew to Aon Consulting.  He brings a great deal of investment consultancy experience with him allied with huge enthusiasm for the role.  He will be a valuable addition to our growing London team.”

Mr Elliott began his Consultancy career in 1991 when he joined Gissings Consultancy Services Limited, where he was responsible for delivery of institutional investment advice to the firm’s corporate fund clients.  Whilst there, Mr Elliott helped establish Gissings as a credible player in the UK investment consulting industry by raising the company’s profile in the fund management community. 

Prior to that, Mr Elliott spent twelve years with the Provident Mutual Life Assurance Association (PMLAA).  His most recent role with PMLAA was that of a senior inspector, with responsibility for selling PMLAA products to a portfolio of benefit consultancies and IFAs.

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, 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.