To allow clients access to a broader set of products and services in executive liability and risk management
Aon Corporation, a provider of risk management services, has agreed to acquire Carpenter Moore Insurance Services, a provider of executive liability risk management services and a wholly-owned subsidiary of The NASDAQ OMX Group.
As per the deal, Aon and NASDAQ will enter into a five-year exclusive marketing agreement that will incorporate outreach and support for NASDAQ issuers and prospective issuers in the area of liability insurance.
The two firms will also collaborate on the development and distribution of the annual Carpenter Moore Benchmarking Survey, a survey which provides companies with information about their liability insurance pricing as compared to peers in their industry.
Ralph Semeraro, president of Carpenter Moore, said: This transaction allows our clients to seamlessly access a broader and deeper set of products and services in executive liability and risk management. 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.