Seven ACORD awards for adoption of electronic standards

LONDON, June 3, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Aon received a record seven awards at the recent ACORD/LOMA Insurance Systems Forum in Las Vegas. The awards recognise the industry leadership of both Aon Risk Services and Aon Re Global in adopting new technological standards as they seek to transform the market.

Since 2004, Aon has received a total of 23 ACORD awards for its electronic messaging and commitment to standards.

    Aon's 2008 awards included:
    -- Industry Leadership for Straight Through Processing Award
    -- International Implementation Award
    -- Early Adopter Award
    -- Market Leadership Award
    -- Leadership in ACORD Standards Strategy and Governance Award
    -- Commitment to ACORD Award
    -- Internal Integration Business Improvement Award

Ian Summers, managing director of e-commerce and market reform for Aon Limited and director of change strategy for Aon Re Global, comments: "Aon has developed comprehensive messaging capabilities for (re)insurance using ACORD standard transactions. These capabilities enable electronic message transfer between us and our (re)insurance partners".

"These awards further demonstrate Aon Re Global's commitment to innovation and leadership in the development and implementation of insurance industry data standards," according to Steve Betts, Aon Re Global chief information officer. "We are quite proud of the efforts behind these awards, and, most importantly, the value we deliver in helping our clients to conduct business more efficiently".

Aon has received wide acclaim for its market-leading implementation of electronic trading capabilities. In the January 1/1 renewal season, it set an industry benchmark by placing 80% of its reinsurance treaty book electronically and has since rolled out its electronic trading to its direct specialty businesses.

Ian Summers said, "We are beginning to be able to leverage end to end processing for our clients and are now embedding these standards not only in London and the US, but on a global basis".

John Kellington, senior vice president, ACORD, said: "Aon is to be congratulated not only for earning a total of seven awards this year, but for continuing to lead by example and showing the industry how beneficial ACORD data standards implementations are for improving business and data flow".

ACORD, the Association for Cooperative Operations Research and Development, is a non-profit insurance association that sets standards for the insurance industry through its member companies, emphasizing the sharing of information among diverse platforms. ACORD eXtensible Markup Language (XML) messaging is the optimal method of exchanging data between trading partners, improving the accuracy of data exchange, speeding up processing, and reducing costs.

LOMA (Life Office Management Association) is an international association through which more than 1,200 insurance and financial services companies from over 80 countries engage in research and educational activities to improve company operations.

     For more information contact:
     Reuben Aitchison
     020 7086 7201
     reuben.aitchison@aon.co.uk

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 http://www.aon.com

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, changes in commercial property and casualty markets and commercial premium rates that could impact revenues, the outcome of inquiries from regulators and investigations related to compliance with the U.S. Foreign Corrupt Practices Act and non-U.S. anti-corruption laws, the impact of investigations brought by U.S. state attorneys general, U.S. state insurance regulators, U.S. federal prosecutors, U.S. federal regulators, and regulatory authorities in the U.K. and other countries, the impact of class actions and individual lawsuits including client class actions, securities class actions, derivative actions, ERISA class actions, and the cost of resolution of other contingent liabilities and loss contingencies. 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.

Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only.

SOURCE
Aon Corporation