Aon Corp. will acquire Carpenter Moore Insurance Services Inc., a wholly owned subsidiary of Nasdaq OMX Group Inc. that provides executive liability risk management services. And, according Michael Rice, national practice leader of Aon's financial services group, Aon will gain a "unique asset" in Carpenter Moore's public company directors' and officers' liability market team.
As part of an agreement, Aon and Nasdaq have signed a five-year exclusive marketing agreement under which Aon will provide liability insurance outreach and support for Nasdaq issuers and prospective issuers, says Aon spokesman David Prosperi.
Carpenter Moore, based in New York, was formed through the merger of Carpenter Moore and Nasdaq Insurance Agency in 2005. "Our consultative approach to client service fits with Aon's vision, and we are also pleased to continue the strong association with Nasdaq through our marketing agreement," says Ralph Semeraro, Carpenter Moore president.
Nasdaq and Aon will collaborate on developing and distributing the annual Carpenter Moore Benchmarking Survey. The survey provides companies with information about how their liability pricing compares with industry counterparts.
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