3/15/02: AOC to Spinoff Combinded Insurance Companies:
This insurance broker owns a promising division called "Combined Insurance Companies" (A&H). AON announced last year that they would spin this unit out around 5/2002. It is very involved in selling L/T health care plans, and from what we can see they do it very well. The story is good. The growth ahead for this type of business should be rewarding. Not recommending AOC, but Combinded with good growth prospects ahead of it.
Aon Names CFO of New Spinoff
CHICAGO, Mar 11, 2002, (A. M. Best via COMTEX) -- Aon Corp. (NYSE: AOC chart, msgs) has named Steven J. Bensinger chief financial officer of Combined Specialty Corp., a spinoff of Aon's underwriting operations.
Bensinger began his career at Coopers & Lybrand in 1976, becoming a partner in 1985. In 1987, he joined Skandia America Corp. as CFO, and he became president and chief operating officer in 1991. Two years later, he joined Chartwell Re Corp. as president, with responsibility for finance, actuarial, claims, IT, HR and legal departments. Chartwell was acquired by Trenwick Group in 1999. |
