The founder of Aon, Patrick G. Ryan, is “bullish” about the future of the world's second-largest insurance brokerage as it marks its 20th anniversary, predicting far more growth to come.
Mr. Ryan, now Aon's executive chairman, was also president and chief executive officer until 2005, when Gregory Case was named to those posts. He made his observations on the state of his brokerage during a recent conference call to discuss the firm's anniversary.
Mr. Ryan said that when looking at the growing markets in developing nations, the need for the advisory role the Chicago-based insurance brokerage plays will be even more acute as “identification of risk becomes more complex.”
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