Aon celebrates 20th anniversary by serving communities across Canada
TORONTO, April 24 /CNW/ - On April 24th, 2007 Aon Corporation will
celebrate 20 years on the New York Stock Exchange (AOC:NYSE). To commemorate
this important milestone, more than 43,000 Aon colleagues have joined together
to support local communities as part of a global "People Helping People"
initiative. From Australia to Vietnam, from Azerbaijan to Zimbabwe and in
Canada from Victoria to Halifax, Aon held hundreds of special events and
community outreach programs, celebrating this milestone.
In Halifax, Sherbrooke, Thunder Bay, Grande Prairie and Victoria, Aon
opened five playgrounds across the country today as part of its global 20th
"Aon is committed to being a good corporate citizen and continues to look
for innovative ways of enriching the communities in which it operates," said
Chris Fawcus, President and CEO of Aon Reed Stenhouse.
"These events reflect the passion for service that defines our Aon
culture of people helping people," said Fawcus. "Aon has longstanding
partnerships with communities across the country, they are the places we live
and work and we feel that building these playgrounds gave us a great
opportunity to share in the growth of these cities."
The playgrounds were built in partnership with the individual communities
and playground manufacturer, PlayPower Inc. Local families, children's
organizations and businesses attended the opening of the playgrounds to help
celebrate the new additions to their communities.
In Vancouver, Calgary, Edmonton, Regina, Saskatoon, Winnipeg, Toronto,
Ottawa, Montreal, Quebec, Saint-Georges, Aon volunteers facilitated food,
household goods and clothing drives as well as opportunities for employees to
directly participate in community events.
"Our 20th anniversary presents a terrific opportunity to commit to the
communities that are an integral part of our personal and professional lives,
said Ashim Khemani, Chair and CEO of Aon Consulting. "With so many Aon
volunteers actively supporting local charities, these events are the formal
launch of a broader sustainability initiative that we will ingrain within the
cultural DNA of our organization."
The spirit of "People Helping People" also extends to physically
improving local environments. In Toronto, 50 Aon Consulting and Aon Re
volunteers planted native trees and shrubs with the Toronto Bay Initiative
during Earth Day weekend (April 21-22). This activity was in direct support of
the city's quest to increase Toronto's tree canopy by 30 percent by 2010.
Also during Earth Day weekend, in Montreal, 80 Aon Consulting, Aon Re and
Aon Minet volunteers served food for Mission Old Brewery, prepared food for La
tablée des chefs, assisted with spring cleaning and a clothing/toy drive for
La Colonie Sainte-Jeanne d'Arc, as well as cleaned and prepared community
gardens for La Maison de quartier Villeray.
"Our events have brought Aon companies together in a way that has never
happened before." said Bob McLean, President and CEO of Aon Re Canada. "We
felt that this anniversary gave us a perfect opportunity to give back to some
of the communities we have had the pleasure to serve."
Aon Corporation (www.aon.com) is a leading provider of risk management
services, insurance and reinsurance brokerage, human capital and management
consulting, and specialty insurance underwriting. There are 43,000 employees
working in Aon's 500 offices in more than 120 countries. Backed by broad
resources, industry knowledge and technical expertise, Aon professionals help
a wide range of clients develop effective risk management and workforce
productivity solutions. As Canada's leading insurance brokerage and risk
management firm, Aon Reed Stenhouse is committed to developing superior
financial and insurance products and improved, more cost-effective ways of
dealing with risk.
As Canada's leading integrated human capital consulting and outsourcing
firms, Aon Consulting links people strategies to business strategies in the
areas of retirement, health strategies, employee benefits outsourcing and
human capital consulting.
As the fastest growing and largest full service reinsurance intermediary
in Canada, Aon Re Canada provides its clients with dynamic and creative new
ways to utilize a variety of reinsurance products to achieve short and
long-term business goals.
This press release contains certain statements related to future results,
or states our intentions, beliefs and expectations or predictions for the
future 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 either historical or anticipated
results depending on a variety of factors. Potential factors that could impact
results include: general economic conditions in different countries in which
we do business around the world, changes in global equity and fixed income
markets that could affect the return on invested assets, fluctuations in
exchange and interest rates that could influence revenue and expense, rating
agency actions that could affect our ability to borrow funds, funding of our
various pension plans, changes in the competitive environment, our ability to
implement restructuring initiatives and other initiatives intended to yield
cost savings, our ability to execute the stock repurchase program, our ability
to obtain regulatory or legislative changes to permit continuous sales of our
supplemental Medicare health product, changes in commercial property and
casualty markets and commercial premium rates that could impact revenues,
changes in revenues and earnings due to the elimination of contingent
commissions, other uncertainties surrounding a new compensation model, the
impact of investigations brought by state attorneys general, state insurance
regulators, federal prosecutors, and federal regulators, the impact of class
actions and individual lawsuits including client class actions, securities
class actions, derivative actions, ERISA class actions, the impact of the
analysis of practices relating to stock options, the cost of resolution of
other contingent liabilities and loss contingencies, and the difference in
ultimate paid claims in our underwriting companies from actuarial estimates.
Further information concerning the Company and its business, including factors
that potentially could materially affect the Company's financial results, is
contained in the Company's filings with the Securities and Exchange
For further information:
For further information: David Cliche, Vice President, Aon Reed
Stenhouse, (416) 868-5762, firstname.lastname@example.org; Marilynne Madigan, Senior Vice
President, Aon Consulting Inc., (416) 542-5578, email@example.com;
Desmond Dos Ramos, Chief Administrative Officer, Aon Re Canada Inc., (416)