A.M. Best Co. has affirmed the A (Excellent) financial strength ratings of Aon Corporation's [NYSE:AOC] key insurance underwriting subsidiaries and removed the ratings from under review.
The ratings were placed under review with negative implications following Aon's decision to withdraw its previous plans to spin off its underwriting units. This action follows Aon's subsequent announcement that it will not pursue a specialty property and casualty underwriting strategy and its plans to retain ownership of its underwriting entities. This action also takes into consideration Aon's recent capi...
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