Magic Johnson Enterprises and Aon Team Up To Promote Economic Opportunity for Minority Business Enterprises
January 28 2010 - 1:00PM
PR Newswire (US)
CHICAGO and LOS ANGELES, Jan. 28 /PRNewswire-FirstCall/ -- Building
upon its supplier diversity strategy to bring distinctive value to
clients by connecting carrier and broker relationships with
minority-owned businesses, Aon Corporation, the leading global
provider of risk services and human capital consulting, today
announced it is joining forces with Magic Johnson Enterprises to
promote business opportunities for minority business enterprises.
Financial terms of the year-long affiliation were not disclosed.
(Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO)
"When Aon aligns its objectives with a successful minority-owned
business like Magic Johnson Enterprises, it is a win-win-win
opportunity for Aon, our clients and our MBE associates," said
Leonard McLaughlin, president of Aon Cornerstone Innovative
Solutions, the Aon business that focuses on fostering strategic
alliances with minority business enterprises. "As we help clients
achieve their supplier diversity goals by providing them with
solutions to a wide range of business challenges, we also create
growth opportunities for our MBE associates to enable them to
create jobs and improve their profitability and sustainability."
Aon Cornerstone Innovative Solutions, launched in April 2009,
brings together the global risk and human capital resources of Aon
with the knowledge and experience of top MBEs to deliver adaptive
solutions to serve the cultural needs of clients. This includes an
established infrastructure for firms to work with qualified MBEs as
well as formal training and mentoring programs for certified MBE
associates and carriers to help them deliver the highest value for
clients and achieve their diversity goals. "My goal in working with
Aon Cornerstone is to help them drive results through the promotion
of diverse strategic alliances in the professional services field,"
said Earvin "Magic" Johnson, chairman and CEO of Magic Johnson
Enterprises. "By doing so, we can develop stronger relationships
between Fortune 2000 firms and minority-owned enterprises that lead
to job creation and opportunity for economic growth." Johnson was
recently recognized as the number one African-American business
leader in America by Ebony magazine. Through strategic investment,
partnership and consultation, Magic Johnson Enterprises has
developed a portfolio of companies that strategically work together
to reinforce the organization's focus on serving emerging,
multicultural communities. Core divisions of the organization
include consulting and licensing, business ventures and capital
management. The members of the National Minority Supplier
Development Council, including many Fortune 500 companies, have a
goal to increase utilization of minority-owned businesses.
Currently, approximately one percent of the goal is realized
through the purchase of risk management products and services.
Specific initiatives like Aon Cornerstone complement supply chain
requirements, industry and regulatory mandates, and a desire for
broadened market appeal, fueling the growth trend by major
businesses to expand business relationships with minority business
enterprises. Follow Aon on Twitter: http://www.twitter.com/aoncorp
Sign up for News Alerts: http://aon.mediaroom.com/index.php?s=58
About Aon Aon Corporation (NYSE:AON) is the leading global provider
of risk management services, insurance and reinsurance brokerage,
and human capital consulting. Through its more than 36,000
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 2008 and 2009 Insurance Survey, 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 2008 and 2009.
A.M. Best deemed Aon the number one insurance broker based on
brokerage revenues in 2007, 2008, and 2009 and Aon was voted best
insurance intermediary, best reinsurance intermediary and best
employee benefits consulting firm in 2007, 2008 and 2009 by the
readers of Business Insurance. For more information on Aon, log on
to http://www.aon.com/. About Magic Johnson Enterprises Magic
Johnson Enterprises, formed in 1987, serves as a catalyst for
community and economic empowerment by making available high-quality
entertainment, products and services that answer the demands of
ethnically diverse urban communities. Through investment,
partnership and consultation, Magic Johnson Enterprises has a
portfolio of companies that strategically work together to
reinforce the organization's focus on serving emerging,
multicultural communities. Learn more at
http://www.magicjohnsonenterprises.com/ Media Contact Kelly
Drinkwine 312.381.2684
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Kelly Drinkwine of Aon Corporation, +1-312-381-2684, Web Site:
http://www.aon.com/
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