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Aon Closes Sale of Auto Insurance Specialists

Datamonitor Car Insurance
Published: Wednesday, January 07, 2009 

Aon has completed the sale of all of the issued and outstanding equity interests of AIS Management, the parent company of Auto Insurance Specialists, to Mercury General.Aon said that it has received $120 million in cash and may receive potential earn out of up to $34.7 million in additional consideration payable over the two-year period following the transaction closing date.Aon is a US-based provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting....

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