Praxis Acquires Aon Recovery

Muncie, Ind.-based Praxis Consulting Inc., a specialty provider of recovery and consultative services, has completed its acquisition of Aon Recovery Inc., the subrogation specialty business unit of Aon Global Risk Consulting.

Praxis’ business model, approach and technology remain intact. The increased capacity and expertise will result in added depth to the company’s repository of knowledge and recovery services available to clients.

Praxis will maintain an office in Long Island, N.Y.

Praxis Consulting specializes in subrogation benchmarking, outsourcing and closed-file reviews, and enhancing the recognition and recovery results of U.S. auto insurers, self-insureds and municipalities in all 50 states. Praxis was founded in 1997.