Management of Aon Corp. insurance brokerage said today it intends to get out of the property-casualty underwriting business, selling off its warranty and some specialty assets and placing the remainder in runoff.
Greg Case, president and chief executive officer of the Chicago-based firm, made the announcement during the company's analyst's conference call to discuss second-quarter results in which company earnings were flat.
He said Aon plans to relinquish all of its p-c underwriting business and concentrate on life, health and accident insurance under combined insurance.
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