Aon Appoints Global CEO of Captive and Insurance Management Practice

CHICAGO, April 20, 2011 /PRNewswire/ -- Aon Risk Solutions, the global risk management business of Aon Corporation (NYSE: AON), announced today that Peter Mullen has been appointed chief executive officer of Aon Global Risk Consulting's Captive and Insurance Management operations.

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Mullen joins Aon from Bermuda-based Artex Risk Solutions and brings more than 25 years experience in insurance management and underwriting.

Stephen Cross, CEO of Aon Global Risk Consulting and Aon GRIP Solutions, said, "Peter is a leading figure in the insurance industry, and the expertise and experience he brings to this role will be invaluable for our clients and colleagues globally."

Mullen joins the Captive and Insurance Management leadership team of:

• Nancy Gray, regional managing director for the Americas
• John English, regional managing director for Europe, the Middle East and Africa
• Vic Pannuzzo, regional managing director for Asia-Pacific
• Vincent Barrett, managing director of Aon's White Rock and run-off operations

In addition to his new role, Mullen will join the global board of Aon Global Risk Consulting, assume responsibility for Aon GRIP Solutions in Bermuda and, on an interim basis, lead Aon Insurance Managers in Bermuda.

Mullen added: "I'm very excited to join what I believe is simply the best captive management team in the world. I look forward to the challenges ahead and working with my colleagues around the world to bring the best of Aon's global capabilities to our clients."

Mullen will be based in Aon's Bermuda office.

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About Aon Global Risk Consulting

With more than 2,000 risk professionals in 50 countries worldwide, Aon Global Risk Consulting delivers risk management solutions designed to optimize the risk profile of our clients. The risk management practice focuses on actuarial and analytics, enterprise risk management and risk financing solutions. To support clients globally in the property and casualty risk control arena, 600 professionals are dedicated to risk, control, claims and engineering. Aon's Captive & Insurance Management team, widely recognized as the leading captive manager with local capabilities in over 30 countries, manages more than 1,200 captives worldwide.

About Aon

Aon Corporation (NYSE:AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human resources solutions and outsourcing. Through its more than 59,000 colleagues worldwide, Aon unites to deliver 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 in over 120 countries. Named the world's best broker by Euromoney magazine's 2008, 2009 and 2010 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's 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 revenues in 2007, 2008 and 2009, and Aon was voted best insurance intermediary 2007-2010, best reinsurance intermediary 2006-2010, best captives manager 2009-2010, and best employee benefits consulting firm 2007-2009 by the readers of Business Insurance. Visit http://www.aon.com for more information on Aon and http://www.aon.com/manchesterunited to learn about Aon's global partnership and shirt sponsorship with Manchester United.

Media Contact:
Kelly Drinkwine
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[email protected]

SOURCE Aon Corporation