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AON (NYSE: AOC) logo Aon (NYSE: AOC) thinks that risk brokerage and consulting has the best future, in terms of margins and growth.

To that end, the company announced Monday that it is selling off its underwriting businesses. Combined Insurance Company was sold for $2.4 billion to ACE Limited (NYSE: ACE), while Munich Re bought Aon's Sterling Life segment for $352 million.

Yes, even in the massive insurance business, this is a good chunk of change for Aon.

Continue reading Aon unloads underwriting units for $2.75 billion

Aon unloads underwriting units for $2.75 billion originally appeared on BloggingStocks on Tue, 18 Dec 2007 10:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>ACE LimitedAceLimitedAOCAon CorpAonCorpCombined InsuranceCombinedInsuranceInsuranceinthenewsMunich ReMunichReSterling LifeSterlingLifeTue, 18 Dec 2007 10:40:00 EST