Benzinga | Dec 10, 2020 04:46PM EST

Aon Shares Quiet After Hours; Co. Announces 'SPAC Task Force'

Aon plc (NYSE:AON), Aon plc (NYSE:AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announced the formation of its Special Purpose Acquisition Company (SPAC) Task Force.

The task force leadership team has more than seven decades of combined experience and is supported by 20 additional industry veterans that have vast experience in every stage of the SPAC transaction from program design to insurer selection to claims advocacy to support business decision making.

"Due to a mix of rising premiums and retention deductibles, and shrinking capacity -- businesses entering a SPAC need an experienced team that knows the complexities of each stage of the deal," said Kristin Kraeger, national D&O practice leader, Aon. "Our team possesses the unique knowledge of the mechanics of the transaction and offers a guiding light to businesses unaware of the intricacies of this process."

Aon's task force is focused on the deal lifecycle, including offering, diligence, insurance coverage alignment and boardroom ready analytics. In addition, the team provides global oversight on program design, insurer selection and claims advocacy.

Aon SPAC Task Force leaders:

* Kristin Kraeger, national SPAC and IPO leader

* Tim Fletcher, western region SPAC and IPO

* Uri Dallal, eastern region SPAC and IPO

* Jim Knox, technology regional practice leader

Learn more about Aon's SPAC Task Force and watch a replay of Aon's SPAC webinar, which includes a panel of legal and financial thought leaders: https://www.aon.com/risk-services/special-purpose-acquisition-companies.jsp.