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Aon Corporation: Companies
built 238 days ago
Aon Corporation is a holding company whose operating subsidiaries carry on business in three distinct segments: insurance brokerage and other services; consulting; and insurance underwriting. The Insurance Brokerage and Other Services segment consists of its retail and reinsurance brokerage operations. The Consulting segment provides consulting services including employee benefits, human resources, and change management. Its Insurance Underwriting segment sells life and accident and health insurance, extended warranty, specialty and other insurance products.
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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. The company employs approximately 53,000 professionals in its 600 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.
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Aon Corporation announced that it has signed separate definitive agreements to sell its Combined Insurance Company of America (CICA) and Sterling Life Insurance Company (Sterling). The Sterling transaction is expected to be completed by the end of the first quarter 2008 and CICA is expected to be completed by the end of the second quarter 2008. Aon ... announced that it will devote the proceeds of these transactions to an increase in its previously authorized share repurchase program. The program will increase by $2.6 billion, bringing the total amount currently available for repurchase to approximately $2.78 billion.
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PHILADELPHIA, Nov. 12 /PRNewswire-FirstCall/ -- Aon Risk Services, the retail brokerage and risk management arm of Aon Corporation , today announced Michael Celano has joined the company as managing director in the Life Sciences National Practice Group. As managing director, Celano, 49, will be a leader in Aon's life sciences business development activities.
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In March 1987 Combined International Corporation's shareholders voted to change the name of the company to Aon Corporation. Patrick Ryan said the name change was necessary to eliminate confusion between the holding company and its subsidiary, Combined Insurance Company of America. Continuing its diversification, Aon bought the employee-benefits consulting firm Miller, Mason and Dickenson for $12 million in the summer of 1988, and in September bought the nation's ninth largest reinsurance agent, Reinsurance Agency. In January 1989 Aon restructured its subsidiary Rollins Burdick Hunter Company, setting up a holding company to oversee four units: Rollins Burdick Hunter Company, the brokerage; Rollins Specialty Group, a newly created unit concentrating on brokerage services for financial institutions, associations, and affinity groups; Miller, Mason and Dickenson, the newly acquired employee benefits consultant; and Aon Risk Services, a reinsurance brokerage operating through Aon Reinsurance Agency, formerly Reinsurance Agency.
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CHICAGO, Sept. 7 /PRNewswire-FirstCall/ -- Aon Consulting, the human capital consulting organization of Aon Corporation , announced today that Anne Kemp and Kathleen A. Skapik have joined the Electronic Discovery unit. This unit is part of the IT Risk Consulting group, a division of the company's Financial Advisory and Litigation Consulting Services practice.
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