Praxis Consulting Acquires Aon Recovery

Muncie, IN (June 30, 2010) - Praxis Consulting, Inc., a specialty provider of recovery and consultative services, has completed its acquisition of the assets of Aon Recovery, Inc, the subrogation specialty business unit of Aon Global Risk Consulting.

“This acquisition is a significant step for Praxis to enhance its existing suite of recovery services allowing our clients to best serve their customers” said Rob Ford, founder and CEO of Praxis Consulting. “We are excited by the prospect of having Aon Recovery’s business join Praxis. Through this transaction we have strengthened our company fortifying our position in the marketplace.

Praxis’ business model, approach and technology remain intact. The increased capacity and expertise will result in added depth to the company’s repository of knowledge and recovery services available to clients.

The acquisition is part of Praxis’ long-term strategy to continually exceed our clients’ needs, provide thought leadership to the industry and broaden opportunities within the market. Praxis will maintain an office in Long Island, New York, thus giving it a greater presence in target markets as well as access to other key clients in the region.

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About Praxis Consulting

Praxis Consulting (www.PraxisConsulting.com) is a service provider specializing in subrogation benchmarking, outsourcing and closed-file reviews and enhancing the recognition and recovery results of U.S. auto insurers, self-insureds and municipalities in all 50 states. Praxis was founded in 1997 and has compiled a vast library of best practices in the area of subrogation recognition and recovery. As a niche provider, Praxis possesses a significant competitive advantage due to its size, strength and capacity.


About Aon

Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 colleagues worldwide, Aon delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon's industry-leading global resources and technical expertise are delivered locally through more than 500 offices in more than 120 countries. Named the world's best broker by Euromoney magazine's 2008, 2009 and 2010 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's largest insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008 and 2009. A.M. Best deemed Aon the number one insurance broker based on brokerage revenues in 2007, 2008 and 2009 and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007, 2008 and 2009 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com.