Analysts said Aon Corporation's announcement that it is seekingto sell its property-casualty business comes as no surprise andsale of the unit could be worth as much as $1.5 billion.
The Chicago-based insurance brokerage firm said it is exploringstrategic alternatives relating to the ownership of its warranty,credit insurance and property-casualty underwriting businesses.
Greg Case, Aon's president and chief executive officer, said ina statement that, "By exploring alternatives, we expect todetermine if the potential of our warranty, credit andproperty-casualty businesses can be more fully realized underdifferent ownership."
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