NEW YORK, Aug. 22 /PRNewswire-FirstCall/ -- Aon Corporation , the world's No. 1 choice for risk management, insurance brokerage and human capital solutions, today announced Peter Schmitz, Robert Beyers and Tracy Toro have joined Aon Risk Services to lead its U.S. National Aviation Practice. All will be based in New York.
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Mr. Schmitz brings more than 22 years of aviation underwriting and broking experience to the company. In his current role, he leads the network of Aon Aviation offices in the United States. He was previously the chief operating officer of Marsh's Aviation Practice, responsible for the network of offices and management of all lines of aviation. Prior to his 15 years at Marsh, Schmitz was an underwriter for United States Aircraft Insurance Group.
Mr. Beyers, CPCU, brings more than 20 years of aviation insurance experience to Aon. In his new role as managing director, Bob is responsible for large aviation accounts placed in the worldwide insurance market, providing placement strategy, retention analysis and marketing support as well as new business production efforts. Prior to joining the company, Bob spent nine years at Marsh, where he served as managing director of its Aviation Practice.
In her role as managing director, Ms. Toro brings 15 years aviation industry expertise to Aon. In this role, she helps to lead the network of Aon Aviation offices in the United States and specializes in the development of the general aviation product line. Toro was also previously at Marsh, responsible for the general aviation product line which included oversight of the general aviation book of business, handling of global placements, market negotiations and relations, maintaining business and acting as a general aviation resource for Marsh's local offices.
"The opportunity to add high-caliber individuals to our highly successful team of Aon Aviation professionals is exciting, and we look forward to widening the gap between Aon and its competitors," said Warren Mula, managing principal of Aon Brokerage Group.
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 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.
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, contact:
Raphaele Schnoll
312.755.3592
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