CHICAGO, July 12 /PRNewswire-FirstCall/ -- Aon today announces that Peter C. Breitstone, former president of Breitstone & Co., and members of his environmental risk team have joined Aon.
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The new members of Aon's environmental risk team had been working together since 2000 in Breitstone offices in New York, Chicago, Nashville and San Francisco. The team provides clients with innovative products and solutions designed to address complex risk issues in connection with environmental exposures associated with contaminated industrial, institutional, commercial and residential properties.
Said Greg Case, Aon president and chief executive officer: "This demonstrates our commitment to delivering clients world-class expertise across our risk management and consulting businesses. The combination of Aon's existing environmental practice and the experts from Breitstone provides our clients direct access to the industry's best and brightest professionals. I am confident we will now build the best environmental risk business in the insurance industry."
In coming to Aon, Peter Breitstone has been appointed managing principal and chief executive officer of Aon's Environmental Services Group. Also joining Aon are environmental industry veterans Ken Ayers, Greg Schilz, Rod Taylor, Howard Tollin and Keith Jurss. Collectively, the group brings more than 100 years of environmental experience to Aon.
Said Breitstone: "This is an exciting opportunity to build Aon's Environmental business to provide Aon clients with state-of-the-art environmental products and programs designed to address complex needs. When we evaluated potential firms to join, we were impressed with the synergy between Aon's expertise and capabilities, and our own."
Said Ted Devine, Aon chief strategy officer and chief operating officer, Aon Risk Services Americas: "Breitstone is one of the best boutique environmental risk management firms in the U.S. Every decision we make must meet two criteria: does it help our clients; and does it help our colleagues help our clients? The addition of the Breitstone environmental team does both, uniquely positioning Aon to deliver distinctive value and impact to clients in need of environmental risk management advice and solutions. "
Aon Construction Services Group Managing Principal, Peter Arkley said: "The Breitstone team has extensive experience in addressing environmental risks associated with large complex construction projects. Environmental issues are becoming increasingly important to our construction clients who frequently develop projects on sites impacted by historic pollution conditions. The Breitstone team, combined with our existing environmental and construction resources, provides Aon clients a level of expertise unparalleled in the industry."
About Aon
Aon Corporation ( http://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 46,000 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.
About Breitstone
Breitstone & Co. Ltd., based in Cedarhurst, New York, is a preeminent provider of environmental risk and insurance management services for clients in transportation, technology, real estate, construction and manufacturing. Breitstone specializes in the design and implementation of innovative solutions designed to address clients' complex environmental and construction risks. Please visit http://www.breitstone.com/ for more information.
For more information, contact:
Thaddeus Woosley, Aon Corporation, 312.381.2446,
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, 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, and ERISA class actions, 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.
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