Aon Group, Inc. Appoints Ron W. Forrest Chairman & CEO of Aon Risk Services Companies, Inc.CHICAGO--(BUSINESS WIRE)--December 16, 1996--Aon Group, Inc. (Aon Group) today announced that Ron W. Forrest has been named chairman and chief executive officer of its retail insurance brokerage operation, Aon Risk Services Companies, Inc. (Aon Risk Services), with responsibility for operations in North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . Mr. Forrest will continue to serve as the chairman of Aon's retail brokerage operations in the United Kingdom. Prior to joining Aon, Mr. Forrest, 54, served Alexander & Alexander Services, Inc. (A&A) for more than 30 years. During his tenure, he held progressively more important positions, leading A&A's retail operations throughout the United Kingdom between 1985 and 1989, spearheading A&A's globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation initiatives between 1989 and 1991, and directing A&A's retail operations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. between 1991 and January 1994. During that time, Mr. Forrest served as chairman and chief executive officer of Alexander & Alexander, Inc. and operated from the A&A headquarters in 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 . In February 1994, Mr. Forrest joined Bain Hogg Group plc (Bain Hogg), where he served as chief executive officer. Mr. Forrest skillfully orchestrated the integration of the Bain & Hogg entities before Aon acquired Bain Hogg in October 1996. In addition to his other duties, Mr. Forrest will represent Aon Group on the board of the World Insurance Network. Patrick G. Ryan, chairman and chief executive officer of Aon Corporation, commented, "We are delighted that Ron Forrest has agreed to accept this new position. His extensive knowledge of the 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. industry and of the U.S. and U.K. commercial insurance markets, coupled with his achievements while leading the A&A retail operations and its globalization initiative, make him an ideal choice for this important role within our organization. He also successfully orchestrated a significant merger that formed Bain Hogg Group PLC in 1994. His proven ability to skillfully integrate global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. , cultures and professionals will contribute to the efficient merging of Aon's recent acquisitions." Michael D. O'Halleran, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Aon Group, Inc., stated, "Since joining Aon, Ron Forrest has played a key role in integrating the Bain Hogg operations into the Aon Group organization. Ron is a strong leader with strategic vision and exceptional global broking experience. We are confident that, as chairman and chief executive officer of Aon Risk Services Companies, Inc., Ron will continue to attract and retain the industry's most talented professionals." "I personally look forward, with great enthusiasm, to working with Ron as we plan the future strategies for our worldwide retail brokerage operations," said Dick Verbeek, chairman and chief executive officer of Aon Risk Services in Europe and Asia. Aon Group, the fastest-growing international insurance brokerage and consulting services organization in the world, offers clients a broad range of insurance services, including retail brokerage, 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. and wholesale brokerage, alternative risk solutions, risk management consulting and employee benefits and human resources consulting, through its directly owned global distribution networks. Aon Corporation comprises a family of insurance brokerage, consulting and insurance underwriting subsidiaries. Aon Corporation's common stock (AOC AOC, n an acronym for the Aromatherapy Organizations Council. ) is listed on the New York, Chicago and London stock exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . CONTACT: Aon Corporation, Chicago Joan E. Steel, 312/701-3016 |
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