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Aon completes acquisition of Jenner Fenton Slade Group Limited.


CHICAGO and LONDON--(BUSINESS WIRE)--Nov. 30, 1994--Aon Corporation and Jenner Fenton Slade Group Limited ("JFS See journaled file system and Joliet file system. ") today jointly announced that Aon has completed the acquisition of the whole of the issued share capital of JFS.

JFS, which is an insurance 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 firm at Lloyd's, specializes in placing coverages for companies in the international energy and petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons.  industries. In the transaction, JFS shareholders exchanged their stock in JFS for shares of common stock in Aon.

Michael D. O'Halleran, chairman and chief executive officer of Aon Risk Services Inc. and Alan Colls, chairman of Aon's London broker, Nicholson Leslie Group Ltd., are joining the board of JFS. Michael Jenner, chairman of Jenner Fenton Slade Group Ltd. and Anthony Pickering, chairman of JFS's Lloyd's broking Bro´king

a. 1. Of or pertaining to a broker or brokers, or to brokerage.
Redeem from broking pawn the blemished crown.
- Shak.
 house, Jenner Fenton Slade Ltd., are joining the board of Nicholson Leslie.

Commenting on the transaction, Patrick G. Ryan, chairman and chief executive officer of Aon said:

"Aon is very pleased to have had the opportunity to get together with Jenner Fenton Slade Group Limited, which in my judgment is the premier energy and petrochemical brokerage firm at Lloyd's. This acquisition is exciting and I am personally delighted that all of the talented specialists in JFS have now joined the Aon family of companies."

Michael Jenner added:

"Pat Ryan
For the Chicago executive, see Pat Ryan (executive)


Patrick Ryan (born September 28, 1955 in Winnipeg, Manitoba) is a Canadian curler originally from Edmonton, Alberta. Ryan is a former World Champion skip, and three time Brier champion.
 and his colleagues understand the JFS culture, which fits in so neatly with everything which we know about Aon's style of operations. The markets where we place business have expressed great enthusiasm for our new association, which will also augment the range of services available for our clients and enhance career opportunities for our people."

Aon Corporation is an insurance holding company, with assets in excess of $17 billion. Aon's shares are 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
, 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 Corp., Chicago
             Joan Steel, 312/701-3016
                       or
             In the U.K.
             Jenner Fenton Slade
             Michael Jenner, Andrew Douglas, David Fenton,
             071-929-4500
                       or
             Ludgate Communications
             Nick Bokes, 071-253-2252
COPYRIGHT 1994 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 30, 1994
Words:324
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