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Aon PLC : Aon honored for innovation and philanthropy in oil and gas industry

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03/22/2013 | 10:02am EDT
Risk Financing Decision Platform tool and Aon Foundation earn three Oil & Gas magazine awards

Mar 22, 2013

CHICAGO (March 22, 2013) - Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON), received three Oil & Gas Awards, recognizing its innovative products and philanthropic programs in the oil and gas sector. Aon earned the Corporate Social Responsibility Initiative of the Year award for the Rocky Mountain region on March 12 and was honored as Insurance Provider of the Year for the Northeast region on March 14 and the Gulf Coast region on March 20.

"This recognition reinforces our dedication to the oil and gas industry, providing clients with the most innovative and effective tools to help solve their challenges," said John Keely, managing director, Global Upstream Sector Leader for Aon Risk Solutions. "Aon is committed to furthering education in the oil and gas sector - whether that is through a CSR program or a new product. We are empowering human and economic possibility across Aon's global footprint."

The Corporate Social Responsibility Initiative of the Year award recognized the Aon Foundation, the company's principal vehicle for philanthropic programs in the U.S. that focuses on empowering people and working with communities at risk. Aon was honored with the Oil & Gas award for its contributions of more than $4.6 million to local Gulf region charities. Additionally, Aon colleagues supported local charity partners by volunteering during Aon's Global Service Day in June at several local organizations, such as the American Heart Association, Habitat for Humanity or United Way.

The Insurance Provider of the Year award honored Aon's Northeast region and Gulf Coast region for excellence in innovative solutions and client service. Aon's Houston office, the central resource for Aon's energy practice, was specifically recognized for collecting more than $2 billion in claims for its clients since 2005, which is a time period that encompasses the most significant claims on record from Hurricanes Ivan, Katrina, Rita, Ike and Gustav. Both the Northeast and Gulf Coast regions were recognized for its use of Aon's Risk Financing Decision Platform, which is a proprietary process that enables oil and gas risk managers the ability to optimize the balance of risk purchasing decisions through an analytical framework. Aon has changed the way of purchasing decisions, as the RFDP method develops risk transfer program recommendations based on three risk components: financial analysis, actuarial modeling and insurance market factors.

The Oil & Gas awards recognize the outstanding achievements made within the Upstream and Midstream sectors of the Oil & Gas industry. The awards are a platform for the industry to demonstrate and celebrate the advances made in the key areas of environmental stewardship, efficiency, innovation, corporate social responsibility and health and safety.

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About Aon
Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 65,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon's global partnership and shirt sponsorship with Manchester United.

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Media Contact:
Allyson Marcus

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