16 January 2018
visit www.avoka.com

Aon to buy Carpenter Moore Insurance Services

27 October 2009  |  1916 views  |  0 Source: Aon Corporation

Aon Corporation, the leading global provider of risk management services, today announced that it has agreed to acquire Carpenter Moore Insurance Services, a leading provider of executive liability risk management services and a wholly-owned subsidiary of The Nasdaq OMX Group (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.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.capgemini.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
11181 views comments | 15 tweets | 17 linkedin
BNP Paribas Asset Management completes fund transaction blockchain testBNP Paribas Asset Management completes fun...
9875 views comments | 14 tweets | 32 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
8999 views comments | 17 tweets | 18 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
8705 views comments | 17 tweets | 13 linkedin
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
8588 views comments | 30 tweets | 34 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job