To: TokyoMex who wrote (5326 ) 11/3/1997 10:51:00 PM From: Pete Read Replies (1) | Respond to of 31646
Aon Risk Services and Am-Re Managers, Inc., Announce A Millennium 2000 Risk Management CHICAGO, ILLINOIS - August 26, 1997 - Aon Risk Services (Holdings) of the Americas (Aon Risk Services), the insurance brokerage arm of Aon Group, Inc., today introduced a unique millennium risk management service called ARM 2000. ARM 2000 offers clients a detailed program of solutions for the many challenges presented by the millennium date change on January 1, 2000. The ARM 2000 program was developed by Aon Risk Services in cooperation with Am-Re Managers, Inc. ARM 2000 is a unique risk transfer program that provides protection to those companies who face possible business interruption losses associated with system failures resulting from the Year 2000 date change. ARM 2000 will be supported by Aon's specialized risk management services. Coverages will be underwritten by Am-Re Managers, Inc., an affiliate of American Re-Insurance Company and a member of the Munich Re Group, the leading reinsurance group in the world. John J. Alfieri, Executive Vice President of Am-Re Managers, Inc., stated: " The ARM 2000 program remains consistent with our vision of providing value beyond insurance to the client." Richard A. Riley, chairman and CEO, Aon Risk Services, commented, "ARM 2000 represents our continued commitment to be an industry leader in providing clients with sophisticated solutions to their technology-related issues. This comprehensive program is designed to analyze, validate and insure Year 2000 compliance risk." ARM 2000 includes business economic impact analysis, system-wide integration testing; a validation plan on independent, compatible platforms; and standby facilities for clients' contingency needs. To develop this exceptional program, Aon Risk Services and Am-Re Mangers, Inc. assembled an unparalleled alliance with technology information leaders, including: CARA Corporation; Comdisco, Inc.; The Sabre Group; {Thelen, Marrin, Johnson and Bridges, LLP]; and Thinking Tools, Inc. (see attachment). Together, these companies contributed expertise in Year 2000 program validation and testing, business risk analysis, business simulation modeling and legal services. Aon Risk Services is a subsidiary of Aon Group, Inc., a premier global commercial insurance brokerage and consulting organization serving clients through 550 offices in more than 100 countries around the world. Aon Corporation (NYSE: AOC) is an insurance services holding company listed on the New York, Chicago and London stock exchanges. Contact: Philip Lian, ARM 2000 project manager, Aon Risk Services (212) 441-1000.