Aon, SalvageSale Sign Strategic Agreement

October 4, 2001

Chicago-based Aon Corporation announces the signing of a strategic agreement with SalvageSale Inc., which will increase claims recovery proceeds for both Aon’s clients and insurance carrier partners. SalvageSale is the global auction site for the claims recovery and commercial salvage markets.

Under the terms of this agreement, Aon will advise its clients, as appropriate, to utilize the SalvageSale auction site for the sale of salvage in the claims recovery process. Aon clients and insurance carriers will benefit from higher salvage proceeds, higher returns on self-insured retention and more accurate claims statistics, resulting in lower net losses. SalvageSale operates a secure, independent auction site that provides a competitive, cost-efficient and centralized marketplace for buyers and sellers of salvage.

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