27.10.2006 18:02:00
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Aon Re Global Names Robert Johnston President, Aon Re Bermuda
CHICAGO, Oct. 27 /PRNewswire-FirstCall/ -- Aon Re Global, the world's leading provider of reinsurance brokerage and integrated capital solutions and services, today announced the promotion of Robert Johnston to president of Aon Re Bermuda, pending Bermuda government approval.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO )
"Robert will lead Aon Re's expanding team and capabilities into the Bermuda marketplace's vibrant and exciting future," said Paul Markey, chairman of Aon (Bermuda) Ltd. "During his six year tenure, Robert has developed a close rapport with local Aon clients and markets and with colleagues throughout Aon Re's global network. I congratulate him on this new position and look forward to helping him with the future endeavors of our team in Bermuda."
"I feel very privileged to be given the opportunity to continue the development and growth of Aon Re's operation in Bermuda," Mr. Johnston said. "I look forward to working with the talented team of reinsurance professionals we have here on the island to further expand our relationships with both our clients and markets."
About Aon
Aon Re Global is the reinsurance and captive services subsidiary of Aon Corporation, providing services to insurance companies and captives through its network of offices throughout the world.
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 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. http://www.aon.com/ .
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.
For more information, contact: Al Orendorff Aon Corporation 312.381.3153 al_orendorff@aon.com
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