Chigaco-based Aon has been cutting costs by shedding jobs and hopes to spin off its Combined Specialty Corp. underwriting unit in the second quarter. It is still restructuring, although a turnaround is thought to be up to 9 months away.
Aon also confirmed that its revenue had been effected by the recent severing of a relationship with an unnamed insurance carrier.
200 Aon staff lost their lives due to the terrorist attacks on the World Trade Center on September 11th.
Aon Profits Miss Targets
Second largest insurance broker Aon Corp. confirmed Friday that first quarter profit missed forecasts due to increasing costs and a dip in revenues.
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