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A&A COMPLETES SALES OF NON-CORE BUSINESSES IN CASH TRANSACTIONS TOTALING $58 MILLION

 A&A COMPLETES SALES OF NON-CORE BUSINESSES
 IN CASH TRANSACTIONS TOTALING $58 MILLION
 NEW YORK, March 6 /PRNewswire/ -- As part of a previously announced restructuring plan, Alexander & Alexander Services Inc. ("A&A") (NYSE: AAL) has completed the sales of certain non-core businesses for approximately $58 million in cash, the company announced today.
 The transactions will be reflected in the company's first quarter 1992 financial statements.
 In the United States, A&A's Summit Consulting, Inc., was acquired by Summit Holding Corp. The former A&A subsidiary, based in Lakeland, Fla., primarily administers workers compensation for self-insured funds.
 In Europe, A&A's wholly owned Dutch operation, Alexander Bekouw Holding BV, completed the sale of Schermer Assuradeuren BV, B Franco Mendes BV and the insurance portfolio of NV Algemeene Verzekering Maatschappij Diligentia van 1890. They were acquired by Delta Lloyd Verzekeringsgroep NV, a subsidiary of Commercial Union plc.
 A&A Services Inc. is a global insurance brokerage, risk management and human resource management consulting company serving clients from offices in more than 80 countries.
 -0- 3/6/92
 /CONTACT: Gary Sullivan of A&A, 212-840-8500/
 (AAL) CO: Alexander & Alexander Services Inc.; Summit Holding Corp. ST: New York, Florida IN: INS SU: TNM


GK -- NY015 -- 5772 03/06/92 10:11 EST
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Publication:PR Newswire
Date:Mar 6, 1992
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