RBC Insurance signs agreement with Aon Reed Stenhouse to expand business insurance offering



    TORONTO, June 10 /CNW/ - RBC Insurance announced today that it has signed
an agreement with Aon Reed Stenhouse (Aon), making Aon its exclusive broker
for competitive and comprehensive commercial property and casualty and trade
credit insurance solutions to Canadian business owners.
    "RBC Insurance is committed to helping Canadian business owners
understand how insurance can help mitigate their business risks," said
Neil Skelding, president & CEO, RBC Insurance. "Our agreement with Aon
combined with our existing products and services will enable us to provide
Canadian businesses - large and small - with innovative advice and effective
solutions tailored to meet their insurance needs."
    As the world's leading risk management service insurance brokerage firm,
Aon will provide business owners with a platform built on service, convenience
and a superior customer experience, as well as access to its specialized
industry expertise.
    "RBC Insurance business clients will benefit from being presented with
multiple options from a group of insurers, rather than just one," said
Chris Fawcus, president and CEO, Aon Reed Stenhouse. "These principles of
counselled choice and advocacy represent the same value we have been providing
Canadian businesses for the past 125 years."

    About RBC Insurance

    RBC Insurance provides a wide range of life, health, travel, home, auto,
business and reinsurance products as well as creditor insurance services to
more than five million clients in Canada, the U.S. and internationally. These
products and services are offered through a wide variety of distribution
channels, including the telephone, independent brokers, travel agents, a
proprietary sales force and the Internet. More information is available at
www.rbcinsurance.com.

    About Aon

    Aon Corporation (NYSE:  AOC) is the leading global provider of risk
management services, insurance and reinsurance brokerage, human capital and
management consulting. Through its 36,000 colleagues worldwide, Aon readily
delivers distinctive client value via innovative and effective risk management
and workforce productivity solutions. Our industry-leading global resources,
technical expertise and industry knowledge are delivered locally through more
than 500 offices in more than 120 countries. Aon was named the world's "best
broker" by Euromoney magazine's 2008 Insurance Survey. Aon also was ranked by
A.M. Best as the number one global insurance brokerage in 2007 based on
brokerage revenues, and voted best insurance intermediary, best reinsurance
intermediary, and best employee benefits consulting firm in 2007 by the
readers of Business Insurance. For more information on Aon, log onto
www.aon.com.

    
                            Safe Harbor Statement
    

    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 successfully execute strategic options for our
Combined Insurance subsidiary, the impact of current, pending and future
regulatory and legislative actions that affect our ability to market and sell,
and be reimbursed at current levels for, our Sterling subsidiary's Medicare
Advantage health plans, 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
Commission.





For further information:

For further information: Kerry Gaetano, Director, Employee & Business
Communications, RBC Insurance, (905) 816-5583, kerry.gaetano@rbc.com; Stephen
Barrigar, Manager, Corporate Communications, Aon Reed Stenhouse Inc., (416)
868-5724, Stephen.barrigar@aon.ca


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