Aon Re Global Forms Accident, Health and Life Reinsurance Team.Business Editors CHICAGO--(BUSINESS WIRE)--Oct. 13, 2003 Aon (NYSE NYSE See: New York Stock Exchange : AOC AOC, n an acronym for the Aromatherapy Organizations Council. ) announced today the management structure for its new global accident, health and life 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. team. Michael G. Bungert, president, Aon Re Global, announced that Ellsworth P. Whiteman III has joined the firm to lead the global accident, health and life reinsurance operation. Mr. Whiteman will be based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and will report to Mr. Bungert. He will work with David M. Menzies in London, Roger K. Smith in Chicago and Joseph F. Kolodney in Stamford with a mandate to build the premier accident, health, life and annuity brokerage capability in the world. With this announcement, Aon Re Global has assembled the best-in-class expertise necessary to serve clients of all sizes and around the world. Mr. Bungert said, "This initiative represents an unprecedented integration of top broker talent, sophisticated technical and cutting edge analytical resources in accident, health and life reinsurance. We are committed to providing a single, seamless, global reinsurance brokerage capability to all of our insurance and reinsurance clients. Our goal is to assemble all the resources necessary to deliver much needed accident, health and life reinsurance products, solutions and services to our clients". Aon Re Global, the world's largest reinsurance brokerage, provides traditional, alternative risk transfer and capital markets-based reinsurance advisory and execution services to insurers and reinsurers. Client advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal include rating agency capital modeling assistance, capital allocation and optimization services, catastrophe modeling
Aon Corporation (www.aon.com) is a holding company that is comprised of a family of insurance brokerage, consulting and insurance underwriting subsidiaries. This press release contains certain statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future results, which are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 the general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, exchange rates, rating agency actions, pension funding, changes in commercial property and casualty markets and commercial premium rates, the competitive environment, the actual costs of resolution of contingent liabilities and other loss contingencies, the heightened level of potential errors and omissions errors and omissions n. short-hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence. liability arising from placements of complex policies and sophisticated reinsurance arrangements in an insurance market in which insurer reserves are under pressure, the ultimate impact of the business transformation plan, and the timing and resolution of related insurance and reinsurance issues relating to the events of September 11, 2001. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, are contained in the Company's filings with the Securities and Exchange Commission. ### |
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