CHICAGO and NEW YORK, Oct. 26, 2009 (GLOBE NEWSWIRE) -- Aon Corporation, the leading global provider of risk management services, today announced that it has agreed to acquire Carpenter Moore Insurance Services, Inc., a leading provider of executive liability risk management services and a wholly-owned subsidiary of The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ). Financial terms of the acquisition were not disclosed.
"This acquisition gives Aon a unique asset in the executive liability risk management sector," said Michael D. Rice, National Practice Leader of Aon's Financial Services Group (FSG). "Carpenter Moore brings a similar passion for delivering client value, excellent relationships with the insurance marketplace, and a strong team in the public company directors' and officers' liability market. Pairing the intellectual capital of our new colleagues with FSG's unmatched data-driven approach to support the diverse business goals of our clients enhances our position as the leading broker in executive liability product lines."
Under the terms of the agreement, Aon and NASDAQ will enter into a five-year exclusive marketing agreement that will incorporate outreach and support for NASDAQ issuers and prospective issuers in the area of liability insurance. The two organizations also will collaborate on the development and distribution of the annual Carpenter Moore Benchmarking Survey, a survey which provides companies with valuable information about their liability insurance pricing as compared to peers in their industry.
Ralph Semeraro, President of Carpenter Moore, commented, "This transaction allows our clients to seamlessly access a broader and deeper set of products and services in executive liability and risk management. Our consultative approach to client service fits with Aon's vision, and we are also pleased to continue the strong association with NASDAQ through our marketing agreement."
Carpenter Moore, based in New York, was formed through the merger of Carpenter Moore and NASDAQ Insurance Agency in 2005. It provides industry expertise in technology, pharmaceuticals, healthcare, durable goods, transportation, energy and financial services.
Aon Corporation (NYSE:AOC) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 37,000 colleagues worldwide, Aon readily delivers 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 through more than 500 offices in more than 120 countries. Named the world's best broker by Euromoney magazine's Insurance Survey in 2008 and 2009, Aon also ranked highest on Business Insurance's listing of the world's largest insurance brokers, based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2007 and 2008. A.M. Best deemed Aon the number one broker based on brokerage revenues in 2007 and 2008, and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007 and 2008 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. *Please follow NASDAQ OMX on Facebook and Twitter.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
CONTACT: Aon Corporation David P. Prosperi +1.312.381.2485 firstname.lastname@example.org NASDAQ OMX Bethany Sherman +1.212.401.8714 Bethany.email@example.com
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