Lloyd's Chairman Joins Aon Corporation.

Business Editors/High Tech Writers

CHICAGO--(BUSINESS WIRE)--Dec. 12, 2000

Max Taylor, 52, who completes three years in office as chairman of Lloyd's at the end of this month, will be joining Aon Corporation, on a full-time basis, starting Tuesday, January 2, 2001.

Patrick G. Ryan, chairman and chief executive officer of Aon Corporation commented, "Max has done a magnificent job as chairman of Lloyd's. He has contributed immensely to the on-going modernization process at the world famous insurance marketplace. I am delighted that he has chosen to join Aon. He will be a member of our worldwide Aon Group Executive Committee and deputy chairman of our operations in the United Kingdom. He is the ultimate insurance professional. His skills will enhance our senior management team and add to the strengths which we offer to our client base throughout the world."

Max Taylor said, " I was attracted to Aon for many reasons, including my profound respect for Pat Ryan and his talented leadership team. Aon constantly focuses on meeting client needs. It has the proven capacity to deliver quality and cutting edge services and products to its clients all around the world. After three stimulating years at Lloyd's, I am greatly excited to be joining Aon which is a dynamic powerhouse in the financial services industry".

Before becoming chairman of Lloyd's at the beginning of 1998, Max Taylor had spent the prior 27 years in the insurance brokerage industry, where he had various senior executive management positions.

Max Taylor was a board member of the US insurance industry's communications organization, the Insurance Information Institute (III). He is the former chairman of the London Insurance Market Network (LIMNET) - an interactive electronic network for processing insurance contracts and a past director of the World Insurance Network (WIN) - a network for transacting business electronically. He is a director of WISe (the Worldwide Insurance e-commerce organisation). He is also a past chairman of the Lloyd's Insurance Brokers Committee and is the current president of the Insurance Institute of London.

Aon Corporation (www.aon.com) is a holding company that comprises a family of insurance brokerage, consulting and insurance underwriting subsidiaries. Aon's common stock is listed on the New York, Chicago, Frankfurt and London stock exchanges.

This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, depending on a variety of factors such as general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, changes in commercial property and casualty premium rates, the competitive environment, the actual cost of resolution of contingent liabilities, the final form of the business transformation plan, the ultimate cost and timing of the implementation thereof and the actual cost savings and other benefits resulting therefrom. 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.