Aon Acquires Leading Provider of Executive Liability Risk Management Services
October 26 2009 - 5:35PM
PR Newswire (US)
CHICAGO and NEW YORK, Oct. 26 /PRNewswire-FirstCall/ -- Aon
Corporation, the leading global provider of risk management
services, today announced that it has agreed to acquire Carpenter
Moore Insurance Services, Inc., a leading provider of executive
liability risk management services and a wholly-owned subsidiary of
The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ). Financial terms of the
acquisition were not disclosed. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) "This
acquisition gives Aon a unique asset in the executive liability
risk management sector," said Michael D. Rice, National Practice
Leader of Aon's Financial Services Group (FSG). "Carpenter Moore
brings a similar passion for delivering client value, excellent
relationships with the insurance marketplace, and a strong team in
the public company directors' and officers' liability market.
Pairing the intellectual capital of our new colleagues with FSG's
unmatched data-driven approach to support the diverse business
goals of our clients enhances our position as the leading broker in
executive liability product lines." Under the terms of the
agreement, Aon and NASDAQ will enter into a five-year exclusive
marketing agreement that will incorporate outreach and support for
NASDAQ issuers and prospective issuers in the area of liability
insurance. The two organizations also will collaborate on the
development and distribution of the annual Carpenter Moore
Benchmarking Survey, a survey which provides companies with
valuable information about their liability insurance pricing as
compared to peers in their industry. Ralph Semeraro, President of
Carpenter Moore, commented, "This transaction allows our clients to
seamlessly access a broader and deeper set of products and services
in executive liability and risk management. Our consultative
approach to client service fits with Aon's vision, and we are also
pleased to continue the strong association with NASDAQ through our
marketing agreement." Carpenter Moore, based in New York, was
formed through the merger of Carpenter Moore and NASDAQ Insurance
Agency in 2005. It provides industry expertise in technology,
pharmaceuticals, healthcare, durable goods, transportation, energy
and financial services. About Aon Aon Corporation (NYSE:AOC) is the
leading global provider of risk management services, insurance and
reinsurance brokerage, and human capital consulting. Through its
more than 37,000 colleagues worldwide, Aon readily delivers
distinctive client value via innovative and effective risk
management and workforce productivity solutions. Aon's
industry-leading global resources and technical expertise are
delivered locally through more than 500 offices in more than 120
countries. Named the world's best broker by Euromoney magazine's
Insurance Survey in 2008 and 2009, Aon also ranked highest on
Business Insurance's listing of the world's largest insurance
brokers, based on commercial retail, wholesale, reinsurance and
personal lines brokerage revenues in 2007 and 2008. A.M. Best
deemed Aon the number one broker based on brokerage revenues in
2007 and 2008, and Aon was voted best insurance intermediary, best
reinsurance intermediary and best employee benefits consulting firm
in 2007 and 2008 by the readers of Business Insurance. For more
information on Aon, log onto http://www.aon.com/ About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company.
It delivers trading, exchange technology and public company
services across six continents, with over 3,700 listed companies.
NASDAQ OMX offers multiple capital raising solutions to companies
around the globe, including its U.S. listings market, NASDAQ OMX
Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S.
144A sector. The company offers trading across multiple asset
classes including equities, derivatives, debt, commodities,
structured products and exchange-traded funds. NASDAQ OMX
technology supports the operations of over 70 exchanges, clearing
organizations and central securities depositories in more than 50
countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal
entities but describe the common offering from NASDAQ OMX exchanges
in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and
Vilnius. For more information about NASDAQ OMX, visit
http://www.nasdaqomx.com/. *Please follow NASDAQ OMX on Facebook
and
http://twitter.com/home?status=Currently%C2%A0reading%C2%A0http://ir.nasdaqomx
.com/releasedetail.cfm?ReleaseID=411474Twitter. Cautionary Note
Regarding Forward-Looking Statements The matters described herein
contain forward-looking statements that are made under the Safe
Harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include, but are not limited to,
statements about NASDAQ OMX's products and offerings. We caution
that these statements are not guarantees of future performance.
Actual results may differ materially from those expressed or
implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other
factors beyond NASDAQ OMX's control. These factors include, but are
not limited to factors detailed in NASDAQ OMX's annual report on
Form 10-K, and periodic reports filed with the U.S. Securities and
Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements. Media Contacts: David
P. Prosperi, Aon Corporation +1.312.381.2485 Bethany Sherman,
NASDAQ OMX +1.212.401.8714
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
David P. Prosperi of Aon Corporation, +1-312-381-2485, ; or Bethany
Sherman of NASDAQ OMX, +1-212-401-8714, Web Site:
http://www.aon.com/ http://www.nasdaqomx.com/
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