Aon Forms New National Third-Party Administrator, Cambridge Integrated Services Group Inc.

CHICAGO--(BUSINESS WIRE)--Dec. 7, 1998--Aon Monday announced the formation of Cambridge Integrated Services Group Inc., with headquarters in Jamesburg, N.J.

Cambridge Integrated Services Group, part of Aon Services Group Inc., consolidated the operation of several of Aon's well-established, third-party claims-administration organizations and provides its clients with broad, diversified and highly specialized loss cost management services.

"Consolidating the third-party administration units into one company will bring our clients succinct, cost-effective solutions," said Michael D. O'Halleran, president and chief operating officer, Aon Group. "We are creating greater efficiencies and more ready access to all of our expertise and resources."

With 125 combined years of experience and numerous locations across the United States, Cambridge offers extensive claims-management specialization, including technology-focused services.

"Through total loss cost management, our goal is to provide clients with the tools that best manage claims, fairly and promptly, and provide the information necessary to manage, control and forecast losses," stated Michael D. Rice, chairman and chief executive officer of Aon Services Group.

Cambridge's clients include insurance companies, self-insured companies of all sizes, reinsurers, managing general agents, alternative risk financing entities and insurance brokers. Specializations include workers' compensation and specialized liability, including general liability, products, automobile, medical and legal malpractice, transportation and construction.

Cambridge also handles assumed and ceded reinsurance claims, group health and welfare, environmental/toxic torts, unemployment- compensation services, property, auto warranty, loss control services and structured settlements.

"With its intention to move beyond the traditional scope of third-party administration, Cambridge also plans to creatively deliver services toward a total absence management service model," Rice said. "Integrated expertise and state-of-the-art information systems will give Cambridge the means to deliver superior value to a broad spectrum of companies."

Key management for the company includes Chairperson Tracey A. Carragher and President Stephen A. Eisenmann, plus five division presidents: Derrick Amato, John C. Rittenhouse, John K. Shea, Michael J. Sweeney and Anthony R. Zumbano. Keith W. Zimmerman, executive vice president, is responsible for long-range planning, technology systems and work-flow engineering. Jean L. Kaufmann, executive vice president, manages finance, administration and human resources.

Cambridge Integrated Services Group has headquarters at 8 Centre Drive, Jamesburg, N.J.; telephone [phone].

Aon Services Group is a subsidiary of Aon Corp. Aon Corp. is an insurance-services holding company that comprises a family of brokerage, consulting and consumer insurance companies. Aon's common stock (symbol AOC) is listed on the New York, Chicago and London stock exchanges.