Aon Corporation boosts Pacific Rim presence.1995--Aon Corporation today announced that its global brokerage and consulting arm, Rollins Hudig Hall, has purchased the remaining interest in the Asian insurance brokerage operation, HHL HHL Handelshochschule Leipzig (Leipzig Graduate School of Management) HHL Hypophysenhinterlappen HHL Highway Hockey League HHL Herefordshire Housing Ltd (UK) HHL Hand-Held LIDAR HHL Hobby Hockey League (Holdings) Limited (HHL), from its joint-venture partner, London-based C.E. Heath PLC (Heath). HHL, a joint-venture between Aon's European insurance broker, Rollins Hudig Hall Holdings b.v. (formerly Hudig-Langeveldt), and Heath, was the first international insurance broker to establish a network of Asian operations. Today, HHL, which is headquartered in Hong Kong and is one of the largest insurance brokers in Asia, has an extensive network of insurance broking Bro´king a. 1. Of or pertaining to a broker or brokers, or to brokerage. Redeem from broking pawn the blemished crown. - Shak. , employee benefit and risk management consulting offices in Hong Kong, Japan, South Korea, Malaysia, The Philippines, Singapore, Taiwan, Thailand and Vietnam. Patrick G. Ryan, chairman and chief executive officer of Aon Corporation, commented, "The Asian market presents tremendous opportunities for growth. The HHL network, together with our existing interests in Hong Kong, Singapore, Indonesia, The Philippines and Japan and our newly licensed operation, Aon/China, in Beijing, China, will augment Aon's rapid growth and development in Asia's dynamic market. Aon is well positioned to offer a full array of risk management services, employee benefits and insurance brokerage, including -- through our Lloyd's of London Not to be confused with Lloyds Bank or Lloyd's Register. Lloyd's of London is a British insurance market. It serves as a meeting place where multiple financial backers or “members”, whether individuals (traditionally known as brokers, Nicholson Leslie and Jenner Fenton Slade -- wholesale, specialty and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. brokerage. Our strong market position in these areas will further enable us to effectively expand our insurance broking and consulting services as well as our traditional lines of consumer insurance products in this part of the world." Clive Bate bate 1 tr.v. bat·ed, bat·ing, bates 1. To lessen the force or intensity of; moderate: "To his dying day he bated his breath a little when he told the story" , group managing director of HHL, said, "The full integration of HHL into the Aon global family is an exciting development for the company, enabling us to focus the unparalleled resources of the group for the benefit of our clients. Aon's brokerage and consulting operation, which is the second largest in the world, will bring added value to our clients through the breadth of its insurance services, market access and professional expertise. We look forward, with enthusiasm, to providing a continued high level of professional service to clients and prospects throughout the Asia Pacific Region." Aon Corporation is a global insurance services organization, offering commercial insurance brokerage and consulting services, as well as life, accident & health and extended warranty products to consumers through its directly operated distribution channels. Aon Corporation's common stock (AOC AOC, n an acronym for the Aromatherapy Organizations Council. ) is listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , London and Chicago stock exchanges Chicago Stock Exchange (CHX) A major exchange trading only stocks, with 90% of trades taking place on an automated execution system, called MAX. . CONTACT: AON Corp., Chicago Joan Steel, 312/701-3016 |
|

Printer friendly
Cite/link
Email
Feedback
Reader Opinion