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Aon Global Marine Appoints Shipping Talent

LONDON, 26 June 2006Aon Corporation, a leading insurance broker, risk management and human capital consultant, has appointed Panagiotis Tsakos as Assistant Manager for their Marine Global Practice Group.

Panagiotis Tsakos, new Assistant Manager for Aon's Marine Global Practice Group
Based in London, Mr Tsakos will be responsible for building relationships with Aon’s global offices to share industry information around the network to strengthen the team and, in turn, improve client service.

Coming from a family who have served the marine industry for more than three generations, Mr Tsakos cites his father, a captain for the merchant navy with a decorated career covering more than five decades, as a major influence in his decision to pursue a career in shipping.

Mr Tsakos gained invaluable experience by working for Tsakos Shipping & Trading, in Piraeus and London, as well as United Shipping (Goulandris). His knowledge of the shipping industry was enhanced through his studies in Commercial Operation of Shipping (HNC), Maritime Business and Management (BSc) and a Masters in Marine Operations.

Prior to joining Aon, Mr Tsakos worked in creditor insurance for six years.

In his new role, Mr Tsakos will be assisting the chairman of Aon’s Marine Global Practice Group, Steve Allum, who says: “Panagiotis will help take Aon’s marine network to the next level, through his business acumen and understanding of the shipping industry.”

Mr Tsakos added: “This is my opportunity to dispel the myth that a global broker can’t provide excellent local service and demonstrate Aon’s commitment to the maritime industry by investing considerable resources to build even stronger relationships through an increased presence in all the major markets.”

Outside of work, Mr Tsakos is an avid film fan, enjoys the outdoors and supports Liverpool FC.

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.


Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only.



Contact Info

For more information please contact:

Nessa Kearney
Aon Press Office
020 7882 0067
nessa.kearney@aon.co.uk

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